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Cyprus bailout

Cyprus Eyes 2015 Bond Market Return, Wary Of Russia Sanctions

Cyprus President Nicos Anastasiades on Wednesday told Reuters he expects the republic to return to international bond markets in late 2015, and does not exclude testing investor appetite even sooner. “We hope to be in a position to enter the...

Eurogroup OK's Next Cypriot Loan

Eurozone finance ministers have approved a 1.5 billion euro loan tranche to Cyprus as part of that country's 10 billion euro bailout the government sought to keep its banks and economy from collapsing. “The Eurogroup welcomes the conclusion of the...

Eurogroup Reaches Agreement on Cyprus Bailout

The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic adjustment programme. The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic...

UN Envoy Downer Among Cyprus Depositors

The United Nations Special Adviser to the Secretary-General of Cyprus, Alexander Downer is among the Australian depositors who will lose money under the new bank depositors’ tax, if it prevails. The Australian former minister for Foreign Affairs told the Australian media that he...

Russians Say Cyprus Restructuring Offer Initiated, but Not On Table

The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated." Russia's Gazprom has not offered the Republic of Cyprus financial assistance in restructuring the country's banks...

Cyprus Bailout Hammers Europe Stocks

European stock markets opened sharply lower on Monday, after a bailout for Cyprus, including a controversial levy on bank deposits, announced over the weekend prompted uncertainty in global financial markets. The Stoxx Europe 600 index lost 0.8% to 294.96. The losses...

Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country's banks in exchange for exploration rights for natural gas in Cyprus'’ exclusive economic zone, local media...

Cyprus "Bail-In"Could Wipe Out Investors

A pending bailout for Cyrus, whose banks were brought to the edge of default when their holdings in Greek bonds were devalued 74 percent by the Greek government last year, could impose big losses on uninsured depositors as well...

Finance Minister: Cyprus Needs 17 bn Euro Bailout

Cyprus needs 17 billion euros in aid from international lenders to bail out its struggling economy, hit by recession and fallout from the Greek debt fiasco, the finance minister said on Thursday. "The amount comes at around 17 billion euros...

Cyprus May Ask for Bailout Before Greek Elections

Cyprus' Finance Minister warned Wednesday that the eurozone country could seek a European Union bailout to help recapitalize its banking sector before crucial elections in Greece this Sunday. Vassos Shiarly said that the Greek elections - seen as a vote...