Stefanos Stefanou

The governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, said on Wednesday there is concern in the markets that problems with some European banks could evolve into something bigger. He added however that the European Central Bank (ECB) was reassuring about the health of the European banking system.

The Cypriot parliament will vote Saturday on a controversial bill to streamline bank foreclosures of bad debts, Finance Committee chairman Nicolas Papadopoulos said, amid fears some people could lose their homes.