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Stournaras: Greek Lender Starts Acquiring Local Cypriot Operations

Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the...

ECB Says Will Offer Liquidity to Cyprus Despite Deposit Tax Rejection

The European Central Bank (ECB) said on Tuesday it remains committed to providing liquidity within certain limits despite Cypriot lawmakers overwhelmingly rejecting a levy...

Cyprus Rejects Bank Deposit Tax for EU Bailout, Plan B Coming

The Cypriot Parliament late on March 19, by a vote of 36-0 with 19 abstentions, overwhelmingly rejected a proposal put forth by international lenders...

Finance Minister of Cyprus Resigns Over Financial Crisis

Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. Only three weeks into the job and taking the blame for failing to stand up...

Russians Say Cyprus Restructuring Offer Initiated, but Not On Table

The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated." Russia's...

Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country's banks...

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...

Cyprus’ Election Empowers The Politocracy

  For some, the elections in Cyprus have ended in absolute euphoria. For others, it was a dismal disappointment. For better or worse, the people...

Cyprus, Greece Want EU Backing On EEZ

After meeting new Cypriot President Nicos Anastasiades in Athens, Greek Prime Minister Antonis Samaras has called on the European Union to support Exclusive Economic...

Anastasiades Wins Round One In Cyprus

Right-wing leader Nicos Anastasiades won the Cyprus Presidential election balloting on Feb. 17, but without the 50 percent majority he needed to claim the...

Anastasiades Opens Lead in Cypriot Race

With Presidential elections closing in on Feb. 17, Cyprus's right-wing opposition leader has widened his lead over his two main challengers, three polls showed,...

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