Daily Archives: March 20, 2014

  • Chris Giles warns that the message from the data behind the UK Budget is that the country’s public finances were terrible, are terrible and still need lots of work to repair.
  • A Russian journalist who wrote a satirical letter to Putin asking him to send troops to restore the rights of Russians in Russia itself found the president was not amused.
  • Iran’s traditional entertainers are having a hard time cheering Iranians as economic gloom blights new year festivities.
  • Russian opposition politician Alexey Navalny tells the west how to really punish Russia over its ‘little war’ in Crimea.

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Tony Barber

In Cyprus, there is good news – very good news, actually – and bad news.

The good news is that the €10bn emergency international rescue of Cyprus, arranged almost exactly 12 months ago, is working. The economic slump triggered by the collapse of the island’s inflated banking sector is less severe than first feared. The hero of the hour is Haris Georgiades, Cyprus’s finance minister. If he sticks around, he ought to be the Financial Times’s next European Finance Minister of the Year. Read more