Today on the net, digital currency Bitcoin is soaring amid the euro crisis. Online uproar over plans to shut down Google Reader. And a Holocaust survivor is tracking down his long lost twin brother via social media.
Lawmakers in Cyprus rejected a controversial bank deposit levy on Tuesday, a key measure in a bill required to secure an international bailout for the troubled eurozone country to avert a possible default and banking collapse.
Britain sent one million euros in a Royal Air Force plane to Cyprus on Tuesday as a “contingency measure” to provide military personnel on the island with emergency funds in the event that cash machines and bank cards stop working.
Cyprus finance officials are revising a draft bill on a deposits levy to spare savings of 20,000 euros or less. The proposed tax is part of a eurozone bailout deal and has caused a public outcry.
Eurozone finance ministers on Monday told Cyprus to amend its proposed tax on bank deposits to spare its citizens with smaller savings. Cyprus is set to vote Tuesday on the controversial measure to fund a €10-billion bailout.
Angry Cypriots marched on Parliament to oppose their government's bailout deal which includes a levy on personal savings of up to 10% - we take a look at online reaction. Also, President François Hollande doesn't seem to mind being called a "penguin" by Carla Bruni in an upcoming album... although perhaps the insult is worse than he realised...
The debt of tiny Cyprus may have seemed like small change to the eurozone giants who insisted Nicosia share the pain of its bailout, but an unprecedented plan for a one-time tax on personal savings has since sent shockwaves around the world.
The debt of tiny Cyprus may have seemed like small change to the eurozone giants who insisted Nicosia share the pain of its bailout, but an unprecedented plan for a one-time tax on personal savings has since sent shockwaves around the world.
INTERNATIONAL PAPERS, Mon. 18/03/13: International papers react to the EU bailout in Cyprus. The Wall Street Journal says it’s an "instant classic in euro-crisis dysfunction". Also expectations are rock bottom as Israel prepares for Obama’s visit. Meanwhile, social media was key to convicting two teenage football players of raping a 16-year-old girl last summer. And David Hasselhoff returns to Berlin to save the wall he helped destroy.
Cyprus's parliament is to vote Tuesday on an extremely unpopular proposal to tax bank deposits to fund a eurozone bailout designed to avoid bankruptcy. Asian markets tumbled on Monday amid fears of a resurgence in the eurozone debt crisis.
