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Cyprus Bank Levy

Cyprus Rescue: From Bad to Worse

Mohamed A. El-Erian | Posted 06.12.2013 | World
Mohamed A. El-Erian

We are now watching the second botching of a Cyprus rescue in less than a month. The implications cannot be good for Cyprus... and for Europe as a whole.

Unfortunately, the Cyprus Crisis Is Not Yet Over

Mohamed A. El-Erian | Posted 06.02.2013 | Business
Mohamed A. El-Erian

Wherever they look, Cyprus and its European partners are running out of easy options. Rather than seek additional short-term palliatives, they would be well advised to invert their operational logic.

5 Reasons You Should Care About Cyprus

Richard Barrington | Posted 05.28.2013 | Business
Richard Barrington

Unless you're a student of history or are planning a Mediterranean vacation, you may never have given the island of Cyprus much thought. Then suddenly, it dominated the headlines. What does a banking crisis in a small and far-off land mean to you?

Cyprus: Better Designed Rescue, Challenging Implementation

Mohamed A. El-Erian | Posted 05.25.2013 | Business
Mohamed A. El-Erian

After marathon and heated discussions, agreement was reached on a new rescue package for Cyprus. Compared to what had emerged a week earlier, this is a better technical outcome -- both in what it contains and in what is left out.

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 ...

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...

Cyprus Government Proposes Bill To Crack Down On Banks

Reuters | Posted 03.21.2013 | Business

NICOSIA, March 21 (Reuters) - The Cypriot government submitted a bill to parliament on Thursday giving the finance minister or central bank governor t...

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.

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 ...

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...

Everything You Need To Know About Cyprus But Were Afraid To Ask

The Huffington Post | Mark Gongloff | Posted 03.18.2013 | Business

Just when you thought it was safe: Americans who have been pumping money back into the stock market as it hit record highs got some unhappy news this ...

Cyprus To Shut Down Banks Tuesday And Wednesday

Reuters | Posted 05.18.2013 | Business

NICOSIA, March 18 (Reuters) - Banks in Cyprus will be shut on Tuesday and Wednesday pending a decision by parliament to approve a levy on bank depos...

Cyprus To Compensate Those Forced To Pay Bank Tax

Reuters | Posted 05.17.2013 | Business

NICOSIA, March 17 (Reuters) - Cyprus's president said on Sunday that savers made to pay a tax on bank deposits as part of a sovereign bailout deal w...

Europeans Freaking Out Over Controversial Cyprus Bailout

Reuters | Posted 05.17.2013 | Business

By Harry Papachristou and Sonya Dowsett ATHENS/MADRID, March 17 (Reuters) - Europeans' faith in the safety of their savings has been s...

Krugman Levels Dire Warning On Cyprus Bailout

Posted 03.17.2013 | Business

European leaders are essentially inviting their fellow countrymen to make a run on the banks, according to Paul Krugman. The Nobel Prize-winning e...