Cyprus: Paying the price
Given the nature of their society, confidentiality is something that Cypriots have highly valued. Benjamin Maltby looks at the conflict between this tradition and the requirements for cross-border financial transparency dictated by Cyprus' imminent EU accession
As the measure used for the countdown to the accession of Cyprus to the European Union has moved from years to months, and from months to days, so the list of bills proceeding through the Cypriot Parliament has grown. This has not caused undue concern in Cyprus itself. As a country with a small population and a correspondingly diminutive legislature, bills usually become law in a matter of weeks. For one bill, however, the wrangling has gone on for months.
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