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Tsipras Urges Cyprus To Reject Bailout

Greece's major opposition Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has called on the Cypriot Parliament to vote down a deal offered by international lenders that calls for a tax of up to 9.9 percent on savings...

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, President Nicos Anastasiades took to national TV to tell them he will try to change...

Cyprus Promises Gas Bonds To Depositors

Cypriots who will have up to 9.9 percent of their bank accounts seized to pay for part of the cost of the country's bailout from international lenders will get in return bonds from natural gas earnings off the island's...

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 bank account holders as demanded by international lenders in return for a 10 billion euros...

Cypriots Frantic As Bailout Hits Bank Accounts

Angry Cypriots who weren’t notified that up to 9.9 percent of their bank deposits would be seized by the newly-elected Conservative government to help pay for bailing out the country’s economy were prevented from withdrawing their money on March...

Greece Didn’t Collect 99.86% Of Big Tax Debts

Greece has collected only $19 million of $13 billion owed by the country’s biggest tax debtors, a rate of only 0.0014 percent, Deputy Finance Minister Giorgos Mavraganis has admitted, although he said it’s because many companies have gone out...

Greece Pins Hopes On Gas, Betting

With Greece's privatization plans lagging - and set back again when the head of the agency overseeing it stepped aside in a burgeoning scandal involving the nation's electric company - the government is hoping that bids for its money-making...

Greece Ready To Fire 5,000 Workers

Greece's international lenders have left Athens after talks failed to agree on instituting new reforms, but the government reportedly is preparing to fire more than 5,000 civil servants by the end of next year to keep critical rescue monies...

Tsipras Overtakes Samaras In Poll

The roller coaster ride of opinion polls has put the major opposition party Coalition of the Radical Left (SYRIZA) back on top again, if only narrowly, by a margin of 29.5-to-28.5 percent over the ruling New Democracy (ND) Conservatives. And...

Juncker Says Cyprus Bailout Needed Now

With talks over a bailout for Cyprus going on for months, former Eurozone chief Jean-Claude Juncker said that a deal must be reached almost immediately because the island's government is nearly bankrupt because of its banks large expose to...