Past Event

Cyprus: Financing the Recovery

As Cyprus looks ahead to post-bailout growth, what lessons have been learnt from the crisis and subsequent bank restructuring?

Date: October 26, 2015, 9:00 am Topic: European Macroeconomics & Governance

10th-anniversaryIn the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European  topics to audiences across the continent.

As Cyprus looks ahead to its exit from the Troika rescue package, it is obvious that for a strong recovery the real economy will need healthy access to finance. Yet caution is imperative, as the crisis began in Cyprus’ banking sector. What lessons have been learnt from the crisis and subsequent restructuring? How can the Cypriot financial sector regain its independence and contribute to stable and sustainable growth?

This event is being hosted at the University of Cyprus is cooperation with the Cyprus Ministry of Finance. This is an invitation-only event.

Event Materials

Marios Clerides – Presentation
Sofronis Clerides – Presentation
Vincenzo Guzzo – Presentation
Michael S. Michael – Presentation
Dirk Schoenmaker – Presentation
Nicolas Véron – Presentation

Schedule

Oct 26, 2015

09.00 - 09.30

Registration and Coffee

09.30 - 10.00

Welcome

Harris Georgiades, Finance Minister of Cyrprus

9.45 - 11.00

Cyprus: Banking sector lessons from restructuring and current challenges

Chair: Nicolas Véron, Senior Fellow

Marios Clerides, Former chairman of the Cyprus Securities and Exchange Commission (CySEC)

Michael S. Michael, Professor, Department of Economics, University of Cyprus

Vincenzo Guzzo, IMF Resident Representative in Cyprus

11.00 - 11.30

Coffee Break

11.30 - 12.40

Panel discussion and Q&A

12.40 - 14.00

Buffet Lunch

14.00 - 15.20

Cyprus: A sustainable business model for the financial sector

Chair: Libor Krkoska, Head of Office, European Bank for Reconstruction and Development

Dirk Schoenmaker, Non-Resident fellow

Nicolas Véron, Senior Fellow

Sofronis Clerides, Associate Professor at the Department of Economics, University of Cyprus and a research fellow of CEPR

15.20 - 15.45

Coffee Break

15.45 - 16.50

Panel Discussion and Q&A

16.50 - 17.00

Closing Remarks

Speakers

Sofronis Clerides

Associate Professor at the Department of Economics, University of Cyprus and a research fellow of CEPR

Harris Georgiades

Finance Minister of Cyrprus

David Green

Consultant on financial regulation

Vincenzo Guzzo

IMF Resident Representative in Cyprus

Libor Krkoska

Head of Office, European Bank for Reconstruction and Development

Michael S. Michael

Professor, Department of Economics, University of Cyprus

Dirk Schoenmaker

Non-Resident fellow

Nicolas Véron

Senior Fellow

Location & Contact

University of Cyprus, 1 University Avenue, Aglantzia

Matilda Sevón

matilda.sevon@bruegel.org +32 2 227 4212

Read article More on this topic More by this author

Blog Post

The Turkish Crisis

Financial markets have been very nervous about Turkey for the past few weeks. We review economists’ opinions about the economic, political and geopolitical risks and opportunities of this situation.

By: Silvia Merler Topic: Global Economics & Governance Date: August 27, 2018
Read article More on this topic More by this author

Blog Post

Enhancing the ESM lending toolkit through a precautionary credit line

Strengthening the ESM can help to prevent crises and enhance deeper financial integration in the euro area. Yet, mislabelling the ESM as “European Monetary Fund” will not do the trick. Instead, a revamp of its precautionary credit line could create a meaningful instrument, built on the existing policy framework, by incentivising strong economic policies and guarding against financial market turbulence. However, the devil is in the details. The design of such a facility has to be well thought through, to navigate difficult trade-offs.

By: Jochen Andritzky Topic: Finance & Financial Regulation Date: June 11, 2018
Read about event More on this topic

Past Event

Past Event

Lessons for the future governance of financial assistance in the EU

On 14th June, Randall Henning will present his latest book on the Euro crisis and we will discuss how financial assistance should be governed in the euro area in the future.

Speakers: Servaas Deroose, C. Randall Henning, Rolf Strauch and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 14, 2017
Read article Download PDF More by this author

Working Paper

Regional and global financial safety nets: the recent European experience and its implications for regional cooperation in Asia

Comparing and evaluating financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis. Asian countries can draw several lessons from European experiences.

By: Zsolt Darvas Topic: European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance Date: April 20, 2017
Read about event More on this topic

Past Event

Past Event

From crisis management to launching economic growth

What have been the most effective strategies in limiting the impact of the economic crisis in Europe? What challenges lie ahead? Bruegel's 10th anniversary event in Budapest will foster discussion of these important topics.

Topic: European Macroeconomics & Governance Location: Budapest, Hungary Date: September 14, 2016
Read about event More on this topic

Past Event

Past Event

Impact of regulatory and supervisory reform on the banking sector

In the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent. One year after a major overhaul of European banking regulation and supervision, the National Bank of Belgium and […]

Speakers: Luc Coene, Mathias Dewatripont, Olivier Hamoir, Dominique Laboureix, Dirk Schoenmaker, Johan Thijs, Erik van der Plaats, Guntram B. Wolff and Diederik van Wassenaer Topic: Finance & Financial Regulation Location: Rue Montagne aux Herbes potagères 61, Brussels Date: January 28, 2016
Read about event More on this topic

Past Event

Past Event

Taking competitiveness seriously?

Establishing an independent competitiveness authority in each country of the euro area was a key recommendation in the Five Presidents' Report, but how could the system work in practice? This event will take place in Luxembourg, jointly organised with the Competitiveness Observatory of Luxembourg's Ministry of the Economy.

Speakers: Serge Allegrezza, Luc Denayer, Franz Fayot, Alexis Loublier, J-C. Reding, J-J. Rommes, André Sapir, H. Sneessens and Pierre Thielen Topic: European Macroeconomics & Governance Location: Conseil économique et social, 13, rue Erasme, 1468 Luxembourg-Kirchberg Date: November 26, 2015
Read about event More on this topic

Past Event

Past Event

Two-speed Europe

In the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent. The event in Stockholm is organised jointly with the Swedish Ministry of Finance. Under the theme ”Two-speed Europe”, […]

Speakers: Magdalena Andersson, Servaas Deroose, Karolina Ekholm, Jens Henriksson, Ashoka Mody, Göran von Sydow, Thomas Wieser and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Conference center Rosenbad, Jakobsgatan 24 Date: November 12, 2015
Read about event

Past Event

Past Event

TATRA SUMMIT 2015

The fourth edition of TATRA SUMMIT puts key emphasis on the assessment of the EU's strategic agenda and its implementation, just one year after the start of the new political cycle.

Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 5, 2015
Read about event More on this topic

Past Event

Past Event

European Economic Developments and Governance

In the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent. At our 10th Annicversary event in Copenhagen we will discuss the real economic developments in Europe and European […]

Speakers: Per Callesen, Grégory Claeys, Carl-Johan Dalgaard, Steen Lohmann Poulsen, Niels Lynggård Hansen, Laurs Nørlund, Helge Pedersen, Michael Skaarup Matthison and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Havnegade 5, 1093 København K, Denmark Date: October 22, 2015
Read about event More on this topic

Past Event

Past Event

Capital Markets Union: what’s the vision for European debt capital markets?

After the launch of the Commission's Capital Markets Union action plan on September 30, what changes can be realistically expected in Europe’s debt capital markets over the next five to ten years?

Speakers: Harriett Baldwin MP, Nicolas Véron, Katharine Braddick, Colin Ellis, Martin Merlin, Stuart Anderson, Matt Cavanagh and Bruegel Topic: Finance & Financial Regulation Location: 100 Parliament Street, SW1A 2BQ Date: October 21, 2015
Read about event More on this topic

Past Event

Past Event

The role of the Nordic social model in the future

The Nordic model is increasingly under pressure in Finland as the population ages and economic growth is low. Can it adjust and survive?

Topic: European Macroeconomics & Governance Location: The Ministry of Finance Conference Center, Mariankatu 9, Helsinki Date: October 9, 2015
Load more posts