Anastasiades
Business
Cyprus OK's Partial Bailout Plan
With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) bailout from international lenders, Cyprus'...
Business
Cyprus' Fate Hangs In The Balance
Cyprus' hopes of finding a way to come up with 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) international bailout to save the country's economy and banks from collapse were dwindling late on March...
Business
Cyprus Moves To Plan C To Avert Default
With its back against the wall and facing a March 25 deadline to try to come up with a plan that would bring in 5.8 billion euros ($7.5 billion) to release a 10 billion euros ($13 billion) international bailout,...
Business
Cyprus Thriller Goes On
The European Union has given Cyprus until March 25 to raise 5.8 billion euros ($7.5 billion) to secure a bailout from international lenders or face the collapse of its banking system and economy and being pushed out of the...
Greece
Cypriots Give Samaras Ammo Against Troika
The resounding 36-0 rejection (not counting 19 cowards who sat on their hands and wouldn't take a stand) by the Cypriot Parliament of a tax that would have confiscated up to 9.9 percent of bank account deposits could provide...
Cyprus
Greece Backs Cyprus' Bailout Rejection
The Greek government, which relented to austerity measures demanded by international lenders, is praising Cyprus for rejecting a confiscation tax on bank accounts insisted upon in return for a 10 billion euros ($13 billion) bailout.
"Greece has supported and firmly...
Greece
What's Next for Cyprus? New Plan Explained
After Cyprus’ loud “No” to a demand from international lenders that up to 9.9 percent of bank accounts be seized to help pay for a bailout, and a “loud silence” from Germany, the Cypriot government now has to find...
Cyprus
Cyprus Loan Revision From Russia In Limbo
A Cypriot plan to confiscate up to 9.9 percent of depositor savings, which could hit Russian investors who hold about 30 percent of 68 billion euros ($88 billion) in banks on the island may have put in jeopardy the...
Cyprus
Cyprus Will Exempt Small Savers From Tax
In a frantic bid to get support from Parliament before a crucial March 19 vote on a savings confiscation plan demanded by international lenders in return for a 10 billion euros ($13 billion) bailout, the Cypriot government said it...
Cyprus
Cyprus Can Revise Savings Seizure Plan
With reports that new Cypriot President Nicos Anastasiades admitted he didn't have the votes to pass a confiscation tax of up to 9.9 percent on bank deposits and force account holders to pay part of a bailout ordered by...