SUNDAY MAIL

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CHRISTMAS IDEAS

DECEMBER 21

INSIDE

Eight-page supplement giving you a taste of Christmas

Mayan prophesy: is it the end of the world, or just another day?

TV and lifestyle supplements to see you through the week

Pages 8-9

Pages 21-28

www.cyprus-mail.com

December 9, 2012

€1.60

TALES FROM THE COFFEESHOP: KINDNESS IN A TIME OF CRISIS INSIDE Cyprus Fame at last for creator of Cyprus gangnam 5

Cyprus Special history saves schools 6-7

World Egyptian military urges dialogue to avert disaster 11

Reportage Why rich firms are keeping it in the family centre

Sport Torres brace powers Chelsea win over Black Cats 48

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Officials size up vital bank report Rumoured amount ranges between ¤9 and ¤10 billion, and could make debt unsustainable By George Psyllides

C

YPRUS yesterday received a preliminary report outlining how much money would be necessary to recapitalise its banks but an official overall figure was not immediately available. The amount needed to recapitalise the island’s banks is key to concluding a comprehensive bailout deal with international lenders. “The steering committee is looking at the report from this morning, particularly the methodology used to establish the preliminary needs for the recapitalisation of the banks,” said Central Bank spokeswoman Aliki Stylianou. The report was delivered in the early morning hours and had been expected to be made public at noon. The interim report, which comes ahead of a final assessment expected in January, did not contain a figure on the total amount required for the

bailout, Stylianou told state radio. “Some time is required for the steering committee to assess the methodology used to reach a conclusion on the figures,” she said. The steering committee is made up of representatives from EU institutions and the IMF or troika and Cypriot authorities. Stylianou added that further information would be provided after the procedure was completed, possibly tomorrow. But it was not long before reports started surfacing regarding the amount. Web-based portal Stockwatch said the figure in the report ranged between €9 and €10 billion while Sigmalive was more specific, putting it between €9.1 and €9.5 billion. The bailout requirement report was carried out by Pimco, an investment company best known as the world’s biggest bond trader.

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Japan’s Akiko Suzuki performing during the women’s free skating at the ISU Grand Prix of Figure Skating Final in Sochi, Russia yesterday. She won a bronze medal

Aussie DJs feel backlash after nurse suicide in wake of prank call ANGER is mounting against two Australian radio presenters after a nurse who was duped into helping reveal details about the Duchess of Cambridge’s health apparently took her own life. Jacintha Saldanha was pronounced dead on Friday morning at an address near the King Edward VII’s Hospital in central London, where the pregnant Duchess had been treated for a severe form of morning sickness. The nurse, reportedly a mother of two, was the victim of two DJs from the Sydney-based station

2Day FM, who impersonated the Queen and the Prince of Wales. She answered their call and, believing they were members of the Royal Family, put them through to another nurse who described Kate’s condition in detail. In a statement Friday night, Saldanha’s family said they were “deeply saddened” by the death and asked for privacy. They said: “We as a family are deeply saddened by the loss of our beloved Jacintha. We would ask

that the media respect our privacy at this difficult time.” The two presenters, Mel Greig and Michael Christian, apologised for their actions, as did their radio station. They have now been taken off the air and the station has been inundated with complaints. But Rhys Holleran, chief executive of 2Day FM’s parent company Southern Cross Austereo, stood

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