ONE WAY or another the government will implement the rescue plan for national carrier Cyprus Airways (CY), Labour Minister Zeta Emilianidou said yesterday in a veiled warning to the CY board, which submitted its resignation earlier this week. 

A TOP EU official has claimed that the humiliating raid on Cypriot bank accounts was a

punitive measure for excessive time wasting and increasingly strained relations with

the government of Demetris Christofias.
The disclosure was the latest twist in what appears to be an intensified war of words

CYPRUS was censured by top EU officials yesterday for its foot-dragging over a bailout from as early as November 2011 when the first warnings were issued, to the clinching of a deal some 16 months later, a timeframe, which had only made things worse, they said.