Anastasiades
Cyprus
Cypriot Lawmakers Narrowly OK's Bailout
The Cypriot Parliament, by the slimmest of margins, 29-27, gave approval on April 30 to an international bailout package that critics said will condemn the island country to years of hardship, recession and unemployment – but which the government...
Cyprus
Cyprus Expected To OK Bailout Deal
Cyprus’ lawmakers are voting April 30 on a bailout agreement aimed at preventing the country from going bankrupt that includes 10 billion euros ($13 billion) from international lenders but requires the government to find savings and revenue-raisers of another...
Cyprus
The Economic Assassins Who Killed Cyprus
Cypriots by all accounts are a resilient people and yet, one wonders why this small island has never enjoyed peace. Disraeli, the first Jewish minister of Britain, described Cyprus to Queen Victoria in 1878 as, "This jewel of the...
Cyprus
Cyprus Gambling On Casinos For Rebound
Being saved from an economic and bank collapse by a pending 10 billion euros ($13 billion) bailout from international lenders - but at the price of confiscating bank accounts and imposing harsh austerity measures - Cyprus is going to...
Cyprus
German Parliament Backs Cyprus Bailout
Germany's lower House of Parliament voted overwhelmingly on April 18 to grant Cyprus a 10 billion euros ($13 billion) bailout to keep the island country's economy and banking system from collapsing because of bad loans and over exposure to...
Cyprus
Anastasiades Wants More EU Aid For Cyprus
Rocked by news that he needs to find a way to generate another 6 billion euros ($7.8 billion) on top of 7 billion euros ($9.19) to trigger an international bailout, Cypriot President Nicos Anastasiades said he’s going to ask...
Cyprus
Cyprus Needs Another $7.87 Billion
A 10 billion euros ($13 billion) bailout that hasn’t arrived yet won’t be enough to keep Cyprus’ economy from toppling, despite 7 billion euros ($9.19 billion) the government is raising, and it will have to come up with another...
Cyprus
Cypriot Finance Minister Sarris Quits
Cypriot Finance Minister Michalis Sarris, who had been blistered by critics for giving in to tough demands from international lenders to confiscate big bank deposits to trigger a 10 billion euros ($13 billion) bailout, resigned on April 2, after...
Cyprus
Facing Austerity, Anastasiades Mulls Coalition
Still feeling the heat for approving a plan to confiscate up to 80 percent of big bank deposits in return for a 10 billion euros ($13 billion) international bailout, new Cypriot President Nicos Anastasiades said he is considering asking...
Greece
Greece and Cyprus Leave Eurozone, Adopt Dralira
Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...