Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

Chrysostomos Says Cypriot Church Will Help

With Cyprus imposing austerity measures on the order of international lenders and beginning what promises to be a long recession, the leader of Cyprus'...

Cypriot Politicians’ Loans Written Off

With banks confiscating up to 80 percent of uninsured deposits over 100,000 euros ($130,000) and the country facing a deep economic crisis, Cyprus has...

Chrysostomos Sees Hard Road For Cyprus

With predictions by economic analysts that the harsh terms of Cyprus' 10 billion euros ($13 billion) bailout from international lenders will plunge the country...

Cyprus’ Crisis Could Last For Years

The Cypriot banking crisis is yet another blow to the Eurozone system, but it is the Cypriot people who are experiencing the true impact...

Cypriot Bankers Fear For Their Lives

Cypriot officials from the now-defunct Cyprus Popular Bank who testified before the European Parliament said the bank crisis in their country allegedly involved the...

Sarris Wanted Confiscation Tax On All Deposits

Instead of a tax of up to 80 percent on big banks accounts, Cyprus Finance Minister Michalis Sarris said that a confiscation tax should...

Greek Withdrawal Rush At Cypriot Branches

After being closed since March 15 during Cyprus' economic crisis amid fears depositors would rush to withdraw their money, 312 branches of Cypriot banks...

Schaeuble Says Critics Envy Germany

Beaming over Germany's success in imposing its will and forcing Cyprus to confiscate up to 80 percent of uninsured bank deposits to get releae...

The 112-Year History of Laiki Bank

Laiki Bank, whose healthy part merges into the Bank of Cyprus transferring a debt of 9.2 billion euros, has a history of 112 years....

Private Guards Gird For Cyprus Bank Openings

Cypriot banks, which have been closed since March 15 while the government worked out a bailout deal, are using private security from a British...

With Banks Closed, Pay Stoppage In Cyprus

Cypriot officials said on March 26 that with banks not scheduled to reopen until March 28 that the government and businesses won’t be able...

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