Cyprus Wants Troika Bailout Escape Clause

Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from...

Cyprus Girds For Deep Recession

Cyprus' international lenders expect that austerity measures will shrink the country's economy by a choking 8 percent this year and another 3 percent in...

Cypriot Bank Chief Says Money Won’t Flee

While Cyprus is keeping a tight rein on depositors and limiting how much they can take out of the bank, apart from those who...

Greek Bank Chief Says Deposits Safe

As Cyprus is confiscating up to 80 percent of the bank accounts of depositors with more than 100,000 euros ($130,000) to meet demands of...

Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

Chrysostomos Says Cypriot Church Will Help

With Cyprus imposing austerity measures on the order of international lenders and beginning what promises to be a long recession, the leader of Cyprus'...

Cypriot Politicians’ Loans Written Off

With banks confiscating up to 80 percent of uninsured deposits over 100,000 euros ($130,000) and the country facing a deep economic crisis, Cyprus has...

Chrysostomos Sees Hard Road For Cyprus

With predictions by economic analysts that the harsh terms of Cyprus' 10 billion euros ($13 billion) bailout from international lenders will plunge the country...

Cyprus’ Crisis Could Last For Years

The Cypriot banking crisis is yet another blow to the Eurozone system, but it is the Cypriot people who are experiencing the true impact...

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...

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