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Anastasiades

Juncker Says Cyprus Bailout Needed Now

With talks over a bailout for Cyprus going on for months, former Eurozone chief Jean-Claude Juncker said that a deal must be reached almost immediately because the island's government is nearly bankrupt because of its banks large expose to...

Cyprus Bailout Figure Said $13 Billion

With a new President in place trying to get a handle on an economic crisis that has seen banks pushed toward insolvency, Cyprus may need a bailout of some 10 billion euros, about $13 billion, far less than the...

Cyprus Wants Greece To Pay For Bailout

New Cypriot President Nicos Anastasiades of Cyprus, during a vist to Athens on March 11, will reportedly ask Greek Prime Minister Antonis Samaras to fork over 2 billion euros ($2.6 billion) from its bank recapitalization funds to help pay...

Anastasiades Wants Greek Bailout Too

Awaiting a 10 billion euros ($13 billion) rescue package from international lenders, new Cypriot President Nicos Anastasiades was in Athens on March 31 looking for another two billion euros ($2.6 billion) in aid despite Greece's crushing economic crisis where...

Cyprus OK's Audit For Bailout

With Cyprus’ economy still teetering on the edge of collapse because its banks lost billions in their holdings in devalued Greek bonds, the new conservative-led government has agreed to let accountants check the country’s books to persuade international lenders...

Anastasiades Wins Big, New Cypriot President

Conservative Nicos Anastasiades, who backed an international bailout plan that comes with hard austerity measures similar to those imposed in Greece, rolled to victory in the Cypriot Presidential run-off election on Feb. 24 with a big victory over his...

Cyprus Bailout Could Cost $11.8 Billion

As Cypriots headed to the polls on Feb. 24 to elect a new President in a run-off between the frontrunner, Conservative Nicos Anastasiades and the Communist-backed Stavros Malas, the cost of a bailout to save the island's economy from...