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...

Cyprus’ New Reality, Cash Society Without Cash

Cyprus’ sudden acquiescence to demands by international lenders to confiscate 40 percent or more of bank deposits over 100,000 euros ($130,000) and limit withdrawals,...

Cyprus Runs Up The White Flag To Bankers

On Feb. 25, conservative lawyer Nicos Anastasiades, promising Cypriots he would never allow foreign entities to steal money out of their bank accounts to...

World Media Says Cyprus Still Uncertain

If Cyprus' government is breathing some relief that it has relented to demands from international lenders to confiscate bank accounts to trigger a 10...

Chrysostomos Urges Russians To Stay In Cyprus

Ahead of a deal in which Cyprus’ government agreed to confiscate up to 30 percent or more of bank deposits over 100,000 euros, Archbishop...

Cyprus Sets 100 Euro Daily ATM Limit

With fear building fast on Cyprus that there may not be a resolution to the country's economic crisis and the banks, which have been...

Cyprus-EU Talks Resume, Zero Hour Looms

Eurozone officials met in Brussels on March 24 with Cypriot officials as negotiations resumed on whether the island country's government could satisfy lender demands,...

Turkey’s Offer To Cyprus: Turkish Lira

Offering to step into the breach to help Cyprus during its crushing economic crisis, Turkey - whose troops still occupy the northern third of...

Cyprus OK’s Partial Bailout Plan

With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros...

Crisis Makes Greek Foreign Deposits Skyrocket

Greeks had more than 24.7 billion euros, about $32 billion, in foreign bank accounts as of September, 2012 compared to only 9.5 billion euros...

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