IMF
Cyprus
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...
Cyprus
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
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
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...
Cyprus
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...
Crime
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...
Economy
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...
Economy
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...
Economy
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...
Cyprus
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...