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Cyprus Leaders Head to Brussels
Cyprus President Nicos Anastasiades and party leaders are travelling to Brussels for critical talks with the EU on measures aimed at staving off bankruptcy...
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...
Cyprus Moves To Plan C To Avert Default
With its back against the wall and facing a March 25 deadline to try to come up with a plan that would bring in...
Cyprus Thriller Goes On
The European Union has given Cyprus until March 25 to raise 5.8 billion euros ($7.5 billion) to secure a bailout from international lenders or...
Foreign Press On Cyprus "No" Vote
The "no" vote from the Cypriot Parliament to the Eurogroup bailout plan has been the dominating issue in headlines of the international press, which...
UN Envoy Downer Among Cyprus Depositors
The United Nations Special Adviser to the Secretary-General of Cyprus, Alexander Downer is among the Australian depositors who will lose money under the new bank...
Facing Fury, Cypus Wants New Bailout Deal
With an immediate backlash from Cypriots that their savings would be taxed to help pay for an international bailout for the country's failing economy,...
Cyprus Delays Vote On Savings Raid Bailout
Cyprus's Parliament has postponed its decision on whether it will go along with a tax of up to 9.9 percent on the savings of...
Bailout Cuts Cyprus Bank Accounts, Withdrawals Barred
Cyprus, whose banks were pushed to the edge of default by their exposure to heavily devalued Greek bonds, will get a 10 billion euros...
Dean Metropoulos Makes New Acquisition; Saves the Twinkie!
Greek-American Dean Metropoulos, through his private equity firm, Metropoulos & Co, teamed up with fellow billionaire Leon Black's private equity firm Apollo to buy...