Für Neulinge » Straining too arduous to push

NICOSIA http://www.oldskooltilbud.com/billige-vans-nintendo-slip-on-pure-hvid.html , July 25 (Xinhua) -- A senior European Commission source on Friday said Cyprus was making "relatively good progress" after a 10 billion euros (13.4 billion U.S. dollars) bailout in March 2013, but warned that that key challenges to recovery still lay ahead.


Technocrats representing international lenders on Friday concluded a fifth review of Cyprus' economy after several days of hard talks which had threatened to derail an otherwise better-than-expected path to economic recovery.


Speaking on behalf of representatives of the lenders -- the European Commission, IMF and European Central Bank (ECB) -- the source said that the island's fiscal performance was on track and that the banking sector had started to stabilize.


But he said that non-performing loans totaling over 27 billion euros and comprising over 50 percent of domestic bank loan portfolios needed to be urgently handled.


The sticking point in the negotiations, which started on July 15 http://www.oldskooltilbud.com/vans-toy-story-sort-vans-sko-udsalg.html , was the procedure to be followed in the foreclosure of bad loans.


It took four hours of talks with Cypriot President Nicos Anastasiades on Thursday night and several hours of talks with Finance Minister Haris Georgiades on Friday to reach a compromise on a repossession procedure to replace the time-consuming current process under which it could take a bank up to 20 years to reclaim the money it lent.


The EU Commission source briefing journalists on the outcome of the review said the key challenge is to address the issue of non-performing loans.


Under the compromise solution found between the government and the troika, there will be up to three appraisals of property value: one by the bank, one by the debtor and, in the case of a disagreement http://www.oldskooltilbud.com/vans-toy-story-old-skool-hvid-vans-sko-old-skool.html , one by an independent appraiser to serve as a basis for the repossession procedure to start.


A new law on repossession will have to be ratified by parliament and will exclude primary residences from foreclosure until a new and more effective insolvency law is brought into effect from Jan. 1.


Commission officials said the legislation was a "prior action," meaning its approval by parliament was a prior requirement before new aid is disbursed.


This is not what Beijing imagined when, five years ago, it was awarded the 2015 World Athletics Championships http://www.oldskooltilbud.com/herre-vans-sk8-hi-reissue-udsalg-flade-rod.html , which gets underway on Saturday. Just two years after a successful Olympics - and iconic images of a triumphant Usain Bolt and a tearful Liu Xiang among the most vivid from the events held at the Bird's Nest stadium - this announcement was supposed to herald another step along the path of development for China's sporting stars.


But in the buildup to the event, the hits just keep coming for track and field - or, to be more specific, for the track part of things http://www.oldskooltilbud.com/vans-sk8-hi-slim-leather-tilbud-hvid-vans.html , which is by far the more high profile of the two.


Usain Bolt is expected to contend, but is predicted to languish in the wake of two-time convicted drugs cheat Justin Gatlin. Other headlines have focused on middle--distance runner Nick Symmonds of the US, whose brave stand for drinking a cup of tea in a hotel lobby - contravening the rule to wear the designated sponsor's gear at an "official team event" - has seen him dropped from the US team. More sponsorship issues have hit the British contingent, with Olympic long jump champion Greg Rutherford and others furious that the nation's flag has been replaced on team vests by a logo for British Athletics http://www.oldskooltilbud.com/vans-sk8-hi-reissue-sort-vans-sko-denmark.html , eroding, as he put it, "the very reason we are competing."


But by far the most damaging revelations to hit the sport in recent months has been the claim that the IAAF has systematically covered up -hundreds of suspicious -doping tests, with the latest bombshell this -weekend that a third of the 1 http://www.oldskooltilbud.com/vans-old-skool-hvid-guld-old-skool-vans-tilbud.html ,800 competitors at the 2011 World Championships in -Daegu, South Korea, had -violated anti-doping rules in the past 12 months.


Coming on the heels of damaging doping claims about the Nike-sponsored running group in the US, which trains some of the world's top runners http://www.oldskooltilbud.com/vans-old-skool-sort-old-skool-vans-tilbud.html , this hasn't just put a dark cloud over the event, it threatens to ruin before it has even started.


But there is still hope.


Someone, somewhere, can still become the hero of the Championships http://www.oldskooltilbud.com/vans-old-skool-pro-sort-old-skool-vans-denmark.html , and what a -story it would be if a -Chinese athlete can rise to that -challenge. China's best medals hopes look to be in the men's 20km and 50km walks, as well as the women's hammer and shot put. Not the most -glamorous of events, admittedly, but any Chinese athlete who can stand on the podium - and http://www.oldskooltilbud.com/denmark-dame-vans-old-skool-hvid-rainbow.html , -ideally, on the top step - will send the country wild.


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