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Anastasiades: No Danger of Grexit

 

NICOSIA— The president of Cyprus says he sees no risk of Greece being forced out of the group of countries that use the euro as their currency.

Nicos Anastasiades said Thursday talks between Greece and its creditors are ongoing and that it would be in no one’s interest for Greece to leave the eurozone.

Cyprus, which last month successfully emerged from its own three-year, 10 billion ($11.36 billion) rescue program, took a huge hit from Greece’s economic woes because of its once-close banking and financial ties to the country.

Negotiators from European Union institutions and the International Monetary Fund are meeting with Greek officials to discuss social security reforms that have triggered strong opposition in the country.

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NICOSIA - A group of 27 refugees from Syria, the Middle East, Asia and Africa are caught in the United Nations’ patrolled buffer zone on the border between the Greek-Cypriot and Turkish-occupied side of the island, unable to move either way.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

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After Rare Flash Flood Emergency, Florida Prepares for More Heavy Rainfall in Coming Days

FORT LAUDERDALE, Fla. (AP) — A tropical disturbance has brought a rare flash flood emergency to much of southern Florida as residents prepared to weather more heavy rainfall on Thursday and Friday.

Greece is still celebrating the success of its two most popular teams.

NICOSIA - Following Greece’s agreement with Egypt to take in as many as 10,000 seasonal workers for agricultural jobs, Cyprus will be getting 1000 after a deal was worked out at the International Labor Conference (ILC) held in Geneva.

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.

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