Cyprus: Banking crisis stalls financial live
Homeowners have told of how sales of their properties are on hold and businesses have called for clarity amid banking uncertainty in Cyprus. The country is braced for an emergency session of its...
View ArticleCyprus lawmakers poised to reject bailout plan that would make savers pay
Lawmakers in Cyprus were poised Tuesday to reject a bailout plan that would have rescued the country’s banks but forced savers to chip in for the cost, sending the tiny island nation into a tailspin...
View ArticleCyprus secures bailout, avoids bankruptcy
Cyprus secured a package of rescue loans in tense, last-ditch negotiations early Monday, two EU diplomats said, saving the country from a banking system collapse and bankruptcy.read more
View ArticleCyprus' banks to remain closed until Thursday
The Central Bank of Cyprus says the country's finance minister has decided to order all banks in the country to remain shut until Thursday.
View ArticleIn Cyprus, Big Losses Expected on Deposits
With time running out until Cyprus’s devastated banks must reopen their doors to the public, Cypriot and European officials are scrambling to put in place a set of measures that would allow jittery...
View ArticleCypriot Finance Minister Resigns
Michalis Sarris resigned after announcing the final terms of a bailout for the nation’s banking system that imposed heavy losses on bank depositors in return for aid.read more
View ArticleIMF will contribute 1 billion euros to Cyprus bailout
The International Monetary Fund will contribute 1 billion euros ($1.29 billion) over three years to the 10 billion euro bailout for Cyprus, IMF Managing Director Christine Lagarde said in a statement...
View ArticleKey Bank of Cyprus data missing
Some key data about bond purchases by Bank of Cyprus - now the focus of a controversial EU-IMF bailout - is missing, investigators have found. The gaps were found in computer records studied by a...
View ArticleGerman parliament backs Cyprus bailout
Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and keep it...
View ArticleCyprus parliament approves bailout
Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt.
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