Cyprus church braces for ‘100 mn euro’ bailout hit

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Source:  France 24 (AFP) Cyprus's wealthy Orthodox Church stands to lose more than 100 million euros in the bailout deal reached with international creditors early Monday, its leader Archbishop Chrysostomos said. "The capital owned by the Church, which was over 100 million euros, has been lost," the archbishop told reporters. "There will be many difficulties, some will lose their jobs, the hungry will be multiplied and the Church has to take care of people," he added. The church … [Read more...]

Cyprus’ Orthodox Church offers to mortgage assets to help secure international bailout amid debt crisis

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Source: CBS News [NICOSIA, CYPRUS] The head of Cyprus' influential Orthodox church, Archbishop Chrysostomos II, says he will put the church's assets at the country's disposal to help pull it out of a financial crisis, after lawmakers rejected a plan to seize up to 10 percent of people's bank deposits to secure an international bailout. Speaking after meeting President Nicos Anastasiades Wednesday, Chrysostomos said the church was willing to mortgage its assets to invest in government … [Read more...]

Chrysostomos Says Government is to Blame for Cyprus’ Economic Crisis

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Source: The National Herald Theodore Kalmoukos BOSTON, MA – His Beatitude Archbishop Chrysostomos of Cyprus told TNH that he blamed the current Cypriot government of Demetris Christofias for the economic crisis as well as the political dead ends. “I believe that the government didn’t do its duty. It let things to roll over on their own.” Chrysostomos added that “I can tell you that the government worked negatively and that is why we have come to this point. At any rate now, it’s leaving in … [Read more...]

Cyprus’ Orthodox Church Feels Cash Crunch

EUROKINISSI The leader of Cyprus' Orthodox Christian Church said Tuesday that senior clergy and staff earning over €2,000 ($2,460) a month are in for salary cuts as the island nation's ongoing financial crisis has seen church revenue dwindle.

Source: The National Herald NICOSIA, Cyprus (AP) — The leader of Cyprus' Orthodox Christian Church said Tuesday that senior clergy and staff earning over €2,000 ($2,460) a month are in for salary cuts as the island nation's ongoing financial crisis has seen church revenue dwindle. Archbishop Chrysostomos II said the church's top decision-making body, the Holy Synod, will convene early next month to enact the cuts. He said his own salary as well as that of bishops and other high-income … [Read more...]

Cyprus church, Israeli Chief Rabbi Seek Close Ties

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Source: Taiwan News The leader of Cyprus' Orthodox Christian church and Israel's chief rabbi have signed a joint declaration aimed at forging closer bonds between the two countries' citizens. Archbishop Chrysostomos II and Rabbi Yonah Metzger signed the declaration in the Cypriot capital Tuesday. Chrysostomos said the initiative is aimed at ending any "hostility or suspicion" that had "poisoned" Cypriot-Israeli relations in the past. Metzger said Cyprus and Israel are partners and share … [Read more...]