Cyprus C.Bank says welcomes convergence of views with troika

NICOSIA Thu Nov 29, 2012 7:19am GMT

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NICOSIA Nov 29 (Reuters) - Cyprus's central bank governor said on Thursday a preliminary agreement with international lenders was the "best which could be achieved" under present circumstances.

"It is my conviction that faithful implementation of this agreement is a strong basis for gradually overturning negative developments occurring in the Cypriot economy in recent years as the result of the debt crisis in the euro zone," Governor Panicos Demetriades said in a statement to parliament.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.