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With Cyprus imposing austerity measures on the order of international lenders and beginning what promises to be a long recession, the leader of Cyprus' Orthodox Christian church,  Archbishop Chrysostomos II, said he would use its financial resources so that...

After not opposing a merger of Greece's National Bank with Eurobank, the country's internatonal lenders now have asked for it to be stopped, fearing the combined entity would have too much financial power and be too big for the...

Greek Prime Minister Antonis Samaras, who is leader of the New Democracy Conservative party, will brief his coalition partners, PASOK Socialist chief Evangelos Venizelos, and Democratic Left (DIMAR) head Fotis Kouvelis, on the government's strategy to deal with international...

Depositors with more than 100,000 euros ($130,000) in uninsured accounts at the Bank of Cyprus stand to suffer big losses under a restructuring plan devised as a way to confiscate their holdings and trigger release of a 10 billions...

Greece is scrambling to ready its arguments to inspectors of international lenders who are due to return to Athens next week to check progress on long-delayed reforms before giving the go-ahead for a 2.8 billion euros ($3.5 billion) installment...

As Cyprus ratchets down its oversized banking sector to get a pending 10 billion euros ($13 billion) bailout from international lenders, the price it's paying, including confiscating up to 80 percent of uninsured bank deposits over 100,000 euros ($130,000)...

With fury in Cyprus that large account holders in the country's banks could face 80-100 percent losses and see their money confiscated by the government to meet demands of international lenders and trigger a 10 billion euros ($13 billion)...

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 of a 10 billion euros ($13 billion) international loan, much of it coming from his...

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 closed and limits were placed on most withdrawals, the news agency Reuters reported. In banknotes at...

On Feb. 25, conservative lawyer Nicos Anastasiades, promising Cypriots he would never allow foreign entities to steal money out of their bank accounts to pay for mistakes the banks made, was easily elected the island’s new President. On March 25...