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Cyprus Bailout

Report: Cyprus President Threatened To Resign

Reuters | Posted 03.25.2013 | Business

* Cyprus nearing Monday deadline to seal EU bailout * Faces banking collapse, possible euro zone exit * President said to threaten resignation i...

Cyprus Residents Say Country Facing Worst Crisis Since 1974 War

Reuters | Posted 05.24.2013 | Business

* Island facing worst crisis since 1974 war * Crisis talks to avert default go down to the wire * Prospect of financial ...

Meeting DELAYED As Crucial Deadline Nears

Reuters | Posted 05.24.2013 | Business

BRUSSELS, March 24 (Reuters) - Euro zone finance ministers delayed by two hours a Sunday evening meeting intended to help Cyprus meet a Monday deadl...

Cyprus Limits ATM Withdrawls

Reuters | Posted 05.24.2013 | Business

NICOSIA, March 24 (Reuters) - The central bank in Cyprus imposed a 100-euros per day withdrawal limit at cash machines for the island's two biggest ...

Officials: Cyprus In Danger Of Default

Reuters | Posted 05.24.2013 | Business

* Government has difficult task ahead, spokesman says * Island nearing Monday deadline to seal EU bailout * No agreement...

Possible Cyprus Deal On Large Deposits?

Reuters | Posted 05.23.2013 | Business

NICOSIA, March 23 (Reuters) - Cyprus has agreed with EU/IMF lenders a 20-percent levy on deposits over 100,000 euros ($130,000) at leading lender Ba...

Liquidity vs. Stupidity: Two Early Lessons From Cyprus

Jared Bernstein | Posted 05.22.2013 | Business
Jared Bernstein

Didn't someone around the table in Brussels raise their hand and say, "Hey, wait a sec... do we really want to levy this tax on a banking system that's already teetering?"

Cyprus Inches Closer To Bailout

Reuters | Posted 05.22.2013 | Business

NICOSIA, March 22 (Reuters) - Cyprus adopted legislation on Friday allowing the government to split the island's failing lenders into good and bad ban...

Don't Forget the Geopolitics of Cyprus

Mohamed A. El-Erian | Posted 05.22.2013 | Business
Mohamed A. El-Erian

Europe has more than an immediate economic and financial interest in working with Cyprus to stabilize an increasingly volatile situation. And it should do so driven less by the need avoid an institutional Eurozone exit and more by the importance of fundamentally restoring growth and hope to Cyprus.

Eleazar David Melendez

Russian Billionaires With Cash In Cyprus Find Themselves Targets Of Contentious Bailout

HuffingtonPost.com | Eleazar David Melendez | Posted 03.21.2013 | Business

On the streets of Cyprus, demonstrators have taken to waving posters depicting German Chancellor Angela Merkel as a horned devil or a Nazi officer. ...

Cyprus Proposes A 'Solidarity Fund'

Reuters | Posted 03.21.2013 | Business

NICOSIA, March 21 (Reuters) - The Cypriot government proposed to parliament on Thursday the creation of a "Solidarity Fund" based on revenues from hyd...

Banking Debacle in Cyprus; Grand Theft Auto in Brussels

Sheldon Filger | Posted 05.21.2013 | World
Sheldon Filger

As with other Eurozone economies whose private banks faced insolvency, the Eurozone rescue specialists in Brussels offered a bailout package to save the banks, with strings attached. In the specific case of Cyprus, the terms were especially onerous.

Cyprus Financial Crisis: Turkey & Reintegration Forgotten?

Ambassador Muhamed Sacirbey | Posted 05.21.2013 | World
Ambassador Muhamed Sacirbey

Will Turkey support and Cypriot Turks be expected to reintegrate into a unified Cyprus if the Kremlin is handed even a bigger role in the economic future of the Island and the exploitation of its natural gas reserves?

Eurogroup Chief: Cyprus Deposit Tax 'Inevitable'

Reuters | Posted 05.21.2013 | Business

* Cyprus poses a systemic risk the euro zone -Eurogroup president * Euro zone bailout still on the table, Jeroen Dijsselbloem says ...

On the Ground in Europe

Mohamed A. El-Erian | Posted 05.20.2013 | Business
Mohamed A. El-Erian

As they scramble to sort out the mess in Cyprus, European officials would be well advised to constantly remind themselves of a reality that I suspect extends across the continent: Despite all the happy talk about smaller deficits and lower sovereign credit spreads, citizens are yet to feel any notable improvement in their actual standard of living and in their prospects. Day in and day out, this situation undermines the population's confidence in the timely responsiveness of their elected representatives, the political system and traditional political parties. The longer this persists, the harder it will be to pivot to the type of policy reforms needed to decisively avoid more years of economic difficulties.

Yglesias Cheers a Double Betrayal of Cyprus

William K. Black | Posted 05.20.2013 | Business
William K. Black

Slate's Matthew Yglesias writes columns about economics and finance. Yglesias has been writing about Cyprus, and my critiques of the policies he has been proposing are the subject of this column.

Cyprus Finance Minister Denies Resignation Reports

Posted 03.19.2013 | Business

UPDATE: 1:53 p.m. -- Reuters reports via Twitter that resignation reports aren't true. Original story below: On Tuesday, the same day the Cyprus...

Think the Cyprus Bailout Is Bad? You Have It Worse.

Quora | Posted 05.18.2013 | World
Quora

This post originally appeared on Quora. Answer by Nate Anderson, Co-founder at ClaritySpring and Director at Tangent Capital An angry Cypriot men...

Bailout Rejection Coming?

Reuters | Posted 05.19.2013 | Business

* Draft bill spares small savers, veto still seen likely * Parliamentary vote scheduled for 1600 GMT * Bank levy unlikel...

Cyprus Bailout Could Fail

The Huffington Post | Mark Gongloff | Posted 03.19.2013 | Business

Thing One: Apocalypse A Little Later: It took less than a day for pundits to declare the Cyprus bailout debacle to not be a big deal. That may be prem...

Euro Leaders Backtrack On Cyprus Tax

Reuters | Michele Kambas and Harry Papachristou | Posted 05.18.2013 | Business

NICOSIA/ATHENS, March 18 (Reuters) - Euro zone ministers urged Cyprus to let smaller savers escape a levy on bank deposits, before a parliamentary v...

LOOK: Cypriots Lash Out Against Bailout Tax

The Huffington Post | Carlo Davis | Posted 03.18.2013 | World

As European heavyweights and the government of Cyprus maneuver to reach a bailout deal for the country's banks, the citizens of the island nation are ...

This Is Important: The Power of Social Media Impacted What Wall Street Knew About the Cyprus Bailout

Beverly Macy | Posted 05.17.2013 | Business
Beverly Macy

The real-time information river is flowing 24/7 (including weekends!) and it's finally time for companies to understand that and get on board. The competitive gap is widening. I'm predicting the next disruption in financial services will be in the stock market research and industry analysis business.

Cyprus Bank Panic: It Can't Happen Here -- Can It?

Richard (RJ) Eskow | Posted 05.18.2013 | Politics
Richard (RJ) Eskow

A Cyprus-like incursion on people's savings seems unlikely here.  But if the past several years have taught us anything, it's to "never say never."

Beware of Europeans Bearing Bailouts

Michael Nevradakis | Posted 05.18.2013 | World
Michael Nevradakis

Some may speak of a "European dream," but when the EU's supposed welfare and social justice is apparently just a flimsy facade for corporate welfare and bailouts of irresponsible bankers, it seems that this "dream" is, in fact, a nightmare.