Cyprus banks

Pick up a stone off the ground, turn it upside down and you will soon discover another thriving virus of corruption lurking under it. To the dismay of citizens, a fine web of dishonesty has deeply infiltrated into the...

The most important thing to remember when dealing with banks is a simple rule; banks are a business, motivated by profit. Banks are not sensitive to social needs, do not take risks and bank managers are not your friends....

Cypriots are not fools and should not be treated as such. Or as idiots. People are fully aware of the government’s spin trickery, attempting to convince politicians to vote in favour of a bad law. If approved, it will...

When a country decides to abandon the right to govern the nation; the right to control its own currency and interest rates; the right to make its own laws; the right to control its own borders, and when that...

For years, construction companies in Cyprus lured Russians to invest in the Mediterranean island. Over the last decade, 40,000 Russians moved to Cyprus. They now make up five percent of the population. The lure, however, was more than just trading...

Greece's Piraeus Bank expects to conclude deals to take over the Cypriot banks operating in Greece by noon on Tuesday, Greece's third-largest lender by assets said. On Friday Greece's bank bailout fund picked Piraeus to acquire the Greek operations of...

Cyprus ordered banks to remain closed for two more days over fears of a run by customers trying to get their money out, after striking a pre-dawn bailout deal Monday that averted the country's imminent bankruptcy. The sudden midnight postponement...

Many Greeks are being affected by Cyprus' economic crisis after putting their money into Cypriot banks as international lenders are demanding the government confiscate up to 9.9 percent of their money to help bail out the government and their...

The euro zone stands ready to help bail out Cyprus but the burden must be shared by its financial sector otherwise the island's economy will collapse under its public debt, German Finance Minister told a Greek newspaper on Friday. "The...

The European Central Bank (ECB) warned Cyprus on March 21 that it would stop providing emergency funding on March 25 unless the government finds a way to come up with 5.8 billion euros ($7.5 billion) to trigger a 10...