Cyprus

Former Eurozone chief Jean-Claude Juncker said a bailout deal that saved Cyprus' economy and banks from collapse had preserved the financial bloc but that the terms were so harsh and so much pressure was put on Cypriot officials that...

Cyprus is imposing unprecedented controls on Cypriot bank depositors moving their money within the common euro currency union as it looks to reopen its banks Thursday. Cypriot Finance Minister Michael Sarris said the controls are necessary to restore confidence in...

“The future of Cyprus is bleak”, estimates Hari Tsoukas, Professor of Strategic Management at the University of Cyprus and Professor of Organization Studies at Warwick Business School of U.K., in an interview to the Voice of America. As he stressed,...

Patriarch Kirill of Moscow and All Russia expressed his sympathy for Greeks and Cypriots who are suffering from the economic crisis, during the standard annual dinner honoring the Sunday of Orthodoxy in the Greek Embassy in Moscow on March...

With uncertainty over what will happen to Cyprus' banks despite a pending 10 billion euros ($13 billion) bailout of the country's economy approved by international lenders, the ratings agency Fitch has placed Cyprus's Long-term foreign and local currency Issuer...

If Cyprus' government is breathing some relief that it has relented to demands from international lenders to confiscate bank accounts to trigger a 10 billion euros ($13 billion) the international press believes that the country's future is still bleak. The...

Alkinoos Ioannidis, a well-known Cypriot composer, lyricist, singer and orchestrator said his island's economic crisis and ceding of its sovereignty to foreign lenders has cut deep into the soul of its residents and, on his site, wondered what had...

President Vladimir Putin has instructed his government to negotiate the restructuring of a Russian bailout loan to Greek Cyprus, his spokesman Dmitry Peskov said on Monday. The announcement signals Moscow's support for a 10 billion euro ($13 billion) European Union...

An explosion took place at a cash machine in Cyprus as last-minute talks begin aimed at saving the country's crippled economy. The home-made bomb exploded at a Polemidia branch ATM machine near the city of Limassol at around 12.30 a.m....

Talks on the transfer of Cypriot banks’ Greek units to Greece have been frozen on the instructions of President Nicos Anastasiades, the Cyprus News Agency (CNA) reported. The matter of transferring the operations to Greece’s Piraeus Bank will be part...