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Crisis deepens as Bank of Cyprus chief sacked
27/03/2013 - CYPRUS

Crisis deepens as Bank of Cyprus chief sacked

The chief executive of the Bank of Cyprus was sacked on Wednesday, reportedly at the behest of international lenders, deepening the country’s economic crisis only a day before its banks were finally due to reopen.
Tough love for Cyprus (part 2)
25/03/2013 - THE DEBATE

Tough love for Cyprus (part 2)

Wall Street had its Lehman moment. Is Europe having its Laiki moment? Winding down Cyprus’ second largest bank is only the start of it for a Europe that often seems daunted by its financial imbalances.
Tough love for Cyprus
25/03/2013 - THE DEBATE

Tough love for Cyprus

Wall Street had its Lehman moment. Is Europe having its Laiki moment? Winding down Cyprus’ second largest bank is only the start of it for a Europe that often seems daunted by its financial imbalances.
Cypriot banks to remain closed despite bailout deal
27/03/2013 - CYPRUS

Cypriot banks to remain closed despite bailout deal

Cyprus's finance minister has ordered banks to remain closed until Thursday despite a €10 billion bailout deal struck early Monday between President Nicos Anastasiades and international finance chiefs to prevent a collapse of the banking system.
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Cyprus in last-ditch talks to save economy as deadline nears
24/03/2013 - Cyprus

Cyprus in last-ditch talks to save economy as deadline nears

With an ECB-imposed deadline looming, Cypriot President Nicos Anastasiades held last-minute talks with international officials in Brussels on Sunday in an effort to save the country from economic catastrophe and a possible exit from the eurozone.
Cyprus lawmakers approve bills in bid to rescue bailout
23/03/2013 - Cyprus

Cyprus lawmakers approve bills in bid to rescue bailout

The Cypriot parliament on Friday approved laws designed to qualify the country for a bailout. They included a bill to restructure the country’s troubled banks, one to restrict financial transactions and another to set up a solidarity fund.
European Central Bank issues ultimatum to Cyprus
21/03/2013 - CYPRUS

European Central Bank issues ultimatum to Cyprus

The European Central Bank warned Cyprus Thursday that it has four days to raise €5.6 billion to avoid bankruptcy - or risk losing bailout funds. The government ruled out the unpopular levy on bank funds during Thursday's Plan B talks.
Cypriot president to present 'Plan B' rescue package
21/03/2013 - CYPRUS

Cypriot president to present 'Plan B' rescue package

Cypriot President Nicos Anastasiades will present a "Plan B" rescue package to party leaders at the presidential palace on Thursday. Parliament rejected a plan that included a controversial tax on private savings accounts on Tuesday.
'Why Obama’s trip to Israel is one big mistake'
20/03/2013 - IN THE WORLD PAPERS

'Why Obama’s trip to Israel is one big mistake'

INTERNATIONAL PAPERS, Weds. 20/03/13: International papers react to the ongoing economic crisis in Cyprus as well as Barack Obama’s visit to Israel. Few papers are enthusiastic about the latter and Slate goes so far as to say it’s "one big mistake". Meanwhile, Gulf News wonders if the United States has learned the lessons from the Iraq war on the 10-year anniversary of the beginning of the US-led invasion.
Cyprus in crisis talks after bailout rejection
20/03/2013 - CYPRUS

Cyprus in crisis talks after bailout rejection

Cypriot leaders began crisis talks Wednesday to find a new solution to the country’s debt crisis after parliament voted to reject a proposed bank tax, which was a condition for a €10bn EU bailout. Cyprus also asked Russia to extend an existing loan.
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