Anastasiades
Economy
Greece Shuts Cypriot Banks For 2 Days
Depositors with money in Greek branches of Cypriot banks will find the institutions closed on March 19 and 20 as part of a plan by Cypriot authorities to prevent access to account holders on the island before up to...
Cyprus
Facing Fury, Cypus Wants New Bailout Deal
With an immediate backlash from Cypriots that their savings would be taxed to help pay for an international bailout for the country's failing economy, President Nicos Anastasiades took to national TV to tell them he will try to change...
Cyprus
Cyprus Promises Gas Bonds To Depositors
Cypriots who will have up to 9.9 percent of their bank accounts seized to pay for part of the cost of the country's bailout from international lenders will get in return bonds from natural gas earnings off the island's...
Cyprus
Cypriots Frantic As Bailout Hits Bank Accounts
Angry Cypriots who weren’t notified that up to 9.9 percent of their bank deposits would be seized by the newly-elected Conservative government to help pay for bailing out the country’s economy were prevented from withdrawing their money on March...
Cyprus
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
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
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...
Cyprus
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
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...
Cyprus
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...