Troika-imposed privatisation plan leaves Cyprus in the dark

Rolling power cuts took place throughout the Republic of Cyprus on the 25 February 2014 as part of protest measures by the Electricity Authority of Cyprus (EAC) against government plans to privatise semi-governmental organisations, as agreed with the Troika of lenders.

The Cypriot Parliament voted down the roadmap for privatisations - a condition of the country's international bailout - in a vote on the 27 February 2014.

The Cyprus Mail and other news sources reported on the 5 March 2014 that the Cypriot parliament approved on the 4 March 2014 the controversial bill on privatisations.

ESO: Background information: Causes of the eurozone crisis: a summary - Commons Library Standard Note http://www.europeansources.info/record/causes-of-the-eurozone-crisis-a-summary-commons-library-standard-note/

ESO: Background information: Troika: MEPs call for a jobs and social recovery plan http://www.europeansources.info/record/troika-meps-call-for-a-jobs-and-social-recovery-plan/

ESO: Background information: Statement by the European Commission, ECB and IMF on the Third Review Mission to Cyprus http://www.europeansources.info/record/memo-statement-by-the-european-commission-ecb-and-imf-on-the-third-review-mission-to-cyprus/

Cyprus Mail, 24.02.14: Strikes after EAC protesters cause havoc at parliament http://cyprus-mail.com/2014/02/24/eac-protesters-cause-havoc-at-parliament/

Kathimerini, 28.02.14: Cyprus faces fresh bailout uncertainty after privatization vote http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_28/02/2014_537787

EurActiv, 28.02.14: Cyprus parliament rejects Troika-imposed privatisation plan http://www.euractiv.com/euro-finance/cyprus-parliament-rejects-troika-news-533830

European Commission: DG Economic and Financial Affairs: EU Economic Situation: Economies of the Member States: Cyprus http://ec.europa.eu/economy_finance/eu/countries/cyprus_en.htm

Cyprus Mail: Tag: Privatisation http://cyprus-mail.com/tag/privatisation/

The Guardian, 27.02.14: Blog: Cyprus parliament rejects privatisation plan demanded by lenders http://www.theguardian.com/business/blog/2014/feb/27/royal-bank-of-scotland-loss-bonuses-rsa-business-live?view=desktop#block-530f9425e4b01bd15abf323d

BBC News, 28.02.14: Cyprus bailout hit as privatisation bill fails http://www.bbc.co.uk/news/business-26382041

Cyprus Mail, 02.03.14: Privatisation no cure-all solution http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE139371-Privatisation-no-cure-all-solution

Deutsche Welle, 28.02.14: Cyprus parliament vote throws EU, IMF bailout into doubt http://dw.de/p/1BHCy

Euronews, 05.03.14: Cypriot parliament approves selling off family jewels http://www.euronews.com/2014/03/05/cypriot-parliament-approves-selling-off-family-jewels/

Cyprus Mail, 05.03.14: Green light for SGO sell-off http://cyprus-mail.com/2014/03/04/parliament-approves-privatisation-law/

Eurogroup: Press Release, 24.02.14: Eurogroup statement on Cyprus http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/141433.pdf

Cyprus Mail, 16.03.14: Nicosia hasn't learned from its mistakes (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE140201-Nicosia-hasn-t-learned-from-its-mistakes

Cyprus Mail, 16.03.14: One year on: alive, but not kicking http://cyprus-mail.com/2014/03/16/one-year-on-alive-but-not-kicking/

---