GREECE
CYPRUS
Macro/Political:
- Political reactions in Cyprus continue following the circulation of the video on social media that raises questions about alleged non-transparent fundraising practices linked to the presidential election campaign, involving individuals close to President Nikos Christodoulides. The video refers to the collection of funds through the Independent Social Support Body, which at the time was chaired by the President’s spouse, Philippa Karsera Christodoulides. The issue has triggered strong reactions, particularly from the two largest parties, Democratic Rally (DISY) and AKEL, which are expected to maintain a confrontational stance, citing both political and substantive concerns. Parties participating in the governing coalition appear “satisfied” with the resignations of Philippa Karsera Christodoulides and Charalambous and are expected to lower the tone of their criticism. So far, no detailed explanations have been provided regarding the content of the video. The Government said that the matter is under investigation by the Police and the Office of the Attorney General.
Source: Kathimerini.cy