Greek Researchers Develop Tsunami Scale

The first ever scale in order to assess the intensity of the impact of tsunamis, has been developed by a Greek research team at...

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...

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,...

While Anastasiades Fiddled, Money Fled Cyprus

Delays and indecision by newly-elected Cypriot President Nicos Anastasiades' government allowed a huge outflow of cash from the island's banks even though they were...

SAP: “We will Invest in Greece”

Prime Minister Antonis Samaras met today with co-CEO of German multinational software corporation SAP, Jim Hagemann Snabe, in the context of the government΄s efforts...

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...

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