Cyprus AG Says Crisis Probe Stymied

NICOSIA – Cyprus’ Attorney-General Costas Clerides said an investigation into the country’s economic crisis will take years and forces he wouldn’t name are trying to block it.

Noting public criticism of delays, Clerides said critics are trying to get him removed to prevent names and details from coming out.

Cyprus in 2013 asked for a 10-billion euro ($11.11 billion) bailout from international lenders and then confiscated 47.5 percent of bank accounts over 100,000 euros ($111,114) as part of attached harsh measures, including austerity.

There were reports that some people, warned of capital controls and confiscations, quietly and quickly moved their money out of the country.

Speaking on a news show on private television Antennat, Clerides said he had evidence to back his claims, but wouldn’t produce it.

“There have been incidents where obvious attempts to impede our efforts aimed at eroding the credibility of the legal service, or the attorney-general personally,” he said.

“I think it’s time certain things were said, but let’s leave it at that. I only mention this to demonstrate one thing: that I am fully aware of what is happening, and as a warning that such attempts are futile.”

He said that some prosecutions will soon be filed. “But I am not among those who like to announce cases due for court in advance,” he said.

“Not only for the obvious reasons, but also for the sake of the people involved, who could be identified in the process,” he said.

It’s common in Greece and Cyprus for conspiracy theories and charges to spring up around scandals only to be unfounded and with no prosecutions from those bringing them.

Critics on Cyprus ask why Greek financier Andreas Vgenopoulos – formerly the boss of now-defunct Laiki Bank – hasn’t been pressed for answers on the bank’s collapse.




NICOSIA - As Cyprus has the world's highest number per capita of COVID-19 cases the state  doctors’ union PASYKO said it's happening as the state health services organization OKYPY is deteriorating.

Top Stories


OCEAN, NJ – Rafaella Lambrinos, whose family is from Karpathos originally, spoke with The National Herald about the Adopt a Yiayia and Pappou program she founded at St George Greek Orthodox Church in Ocean, NJ, which connects youth and seniors from her church community through weekly phone conversations.


NEW YORK – Greek-American Trevor Zegras, forward for the Anaheim Ducks is set to play in his first NHL game in New York City against the Rangers at Madison Square Garden on Tuesday, March 15, 7 PM.

General News

WASHINGTON, DC – AHEPA deeply mourns the passing of Past Supreme President and co-founder of AHEPA National Housing Corporation (ANHC) Nick Smyrnis.


1 Killed, 8 Hurt as Suspected Gas Explosion Hits Bronx Home

NEW YORK — A suspected gas explosion partially collapsed a home in the Bronx, setting the structure ablaze and killing a woman and injuring eight other people, including five police officers, officials said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.