Cyprus

Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the island's central bank. "With this development, Greece is shielded (from the Cyprus crisis) as the total...

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...

While Greek Prime Minister Antonis Samaras, who is dealing with the same international lenders squeezing Cyprus to confiscate part of bank accounts to help pay for a bailout, remained mostly silent about the island's crisis, his administration was said...

Greeks and opposition parties emboldened by the Cypriot rejection of an unpopular bailout deal urged Athens to stand up to foreign lenders whose demands have resulted in repeated rounds of austerity that have pushed some 20 percent of Greeks...

With Cyprus frantically trying to find a way to keep its banks and economy from collapsing after rejecting a demand to confiscate up to 9.9 percent of bank deposits to help pay for a bailout, Eurozone Chairman Jeroen Dijsselbloem...

Two weeks ago the employees of a bank in Cyprus were making fun of an old lady who was afraid for her deposits and now they regret not following her example. Every Friday for the last month, a retired Pontic...

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...

Austria hopes Cyprus will find a way to stay in the euro zone but its fate is in the hands of its own government, Chancellor Werner Faymann said on Wednesday, Reuters reported. After an international rescue for the island was...

The European Central Bank (ECB) said on Tuesday it remains committed to providing liquidity within certain limits despite Cypriot lawmakers overwhelmingly rejecting a levy on savers - a key term of the €10 billion proposed bailout. "The ECB takes note of the...

Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. Only three weeks into the job and taking the blame for failing to stand up to Eurozone demands to force the confiscation of up to 9.9 percent of Cypriot bank...