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Check out the so called Wonderful CYPRUS Economy and the Racist Greek Cypriot Youngsters!

PRESS DIGEST - Cyprus - Nov 17
NICOSIA, Nov 17 (Reuters) - Leading reports in Greek Cypriot financial and general press. Reuters has not verified these reports:

PHILELEFTHEROS

- Cypriot economy downgraded to A rating from A+ by credit rating agency Standard&Poor's.

- EU enlargement commissioner hopes New York meeting between Cypriot leaders and U.N. secretary-general to lay the foundation for progress in ongoing peace talks.


FINANCIAL MIRROR

- S&P downgraded Cyprus's sovereign rating to A, with a negative outlook due to banks' exposure to Greece. The Finance Minister said the downgrade would have no immediate impact on the island's borrowing costs.

- Tourism arrivals to Cyprus rose for the sixth consecutive month in October, up 4.9 percent compared to the same month last year.

Indirect tax receipts down 0.6 percent in October year on year.


POLITIS

- International concerns for Cypriot banks as Standard and Poor's downgrades the Cypriot economy from A+ to A. Massive internal borrowing harbours serious dangers.

- Russian scientists offered drought-stricken Cyprus the answer to rain, but the price was too high in time of financial crisis.


SIMERINI

- Rating agency Standard and Poor's downgrade warns Cyprus of negative outlook on the horizon due to banks growing exposure to Greece.

- Shroud of mystery surrounds upcoming meeting between the U.N. and Cypriot leaders in New York on Nov. 18 as the agenda remained under wraps on Monday.


CYPRUS MAIL

- Cyprus is in danger of losing all of its German tourists after it was revealed national carrier Cyprus Airways would not be able to handle all of Eurocypria's flight operations.

- Video footage of a child wielding a gun and shouting fascist remarks that was posted on Facebook by his grandfather will be handed to the attorney-general. Keywords: CYPRUS PRESS

(Nicosia newsroom 357 22469674 fax 357 22662487)


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