ECB: ECB announces change in the eligibility of marketable debt instruments issued or guaranteed by the republic of Cyprus

Map of Cyprus showing Larnaca district. The gr...

Map of Cyprus showing Larnaca district. The green areas are the UK Sovereign Base Areas, the blue area is the UN buffer zone. Areas north of the buffer zone are controlled by the Turkish Republic of Northern Cyprus, areas south are controlled by the Greek Cypriot government. Nederlands: Kaart van Cyprus met het district Larnaca. Português: Localização do distrito de Larnaca (Photo credit: Wikipedia)

This short press release by the ECB shows that ECB is, for the moment, pleased with Cyprus. Check it out!

ECB: ECB announces change in the eligibility of marketable debt instruments issued or guaranteed by the republic of Cyprus.

This news is a step in the right direction for Cyprus in regaining her status in financial markets; unfortunately, there’s an awfully long way to go, and the Cypriot Government has still not fully unleashed, unpopular austerity policies on the Cypriot people.

Any thoughts?

 

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UK Credit Rating: Fitch Downgrades Economic Outlook To ‘Negative’

English: George Osborne MP, pictured speaking ...

English: Danny Alexander MP addressing a Liber...
Image via Wikipedia

This is an important announcement ahead of UK Chancellor George Osborne‘s Budget next Tuesday. Check it out!

UK Credit Rating: Fitch Downgrades Economic Outlook To ‘Negative’.

Treasury Secretary, Danny Alexander‘s comments did not fill me with encouragement.