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Eurozone Crisis

A Fading Vision of "Europe"?

Charles Heck | Posted 05.07.2013 | World
Read More: European Monetary Union, European Union, Eurozone Crisis, European Integration, World News
Charles Heck

All this has raised enormously the political stakes involved in sustaining the eurozone and European economic advancement. How can the needed sustained political heavy-lifting be accomplished if members no longer share a vision of political union in the long term?

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RECORD JOBLESSNESS

Reuters | Ingrid Melander | Posted 04.25.2013 | Business
Read More: Video, Unemployment, International Labour Organisation, Eurozone Crisis, Arcelormittal, Europe Jobless, Europe Unemployment, Spain Unemployment, France Unemployment, French Jobless Claims, Business News

* More than 3.2 mln jobless, 11.5 pct y/y increase * Data deals further blow to unpopular government PARIS, April 25 (Reuters) - More people wer...

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Eleazar David Melendez

The Next Cyprus? This Tiny Country Of 2 Million Could Be The Next Bailout Contender

HuffingtonPost.com | Eleazar David Melendez | Posted 04.12.2013 | Business
Read More: European Debt Crisis, Slovenia Bailout, Jose Manuel Barroso, Eurozone Crisis, European Financial Crisis, Slovenia Euro Crisis, Eurozone Financial Crisis, European Crisis, Eurozone Debt Crisis, Slovenia, Slovenia Crisis, Business News

In the ongoing European financial crisis, another country has emerged as the focus of serious bailout concern. Slovenia is spooking global markets tha...

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Thomas Friedman on Timeouts

Robert Teitelman | Posted 04.10.2013 | Media
Read More: Obama Administration, Thomas Friedman, Syria Crisis, Kim Jong Un, Egypt Revolution, Cyprus Bailout, Eurozone Crisis, Great Recession, Great Depression, Media News
Robert Teitelman

Friedman has stumbled upon a nifty cliché, perhaps while watching March Madness, and then tried to fit the world and his own favorite causes around it. To make it work he has to distort the past and exaggerate the present, like a petulant parent.

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'Shame On Europe For Trying To Snatch People's Savings'

AP | By MENELAOS HADJICOSTIS | Posted 03.30.2013 | Business
Read More: European Debt Crisis, Europe Economy, Eurozone Crisis, Cyprus Bailout, European Union, Cyprus, Cyprus Economy, Ap, Business News

NICOSIA, Cyprus (AP) — The moment word broke that Cypriot lawmakers in Parliament had voted down a bailout deal that would have raided everyone's sa...

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5 Reasons You Should Care About Cyprus

Richard Barrington | Posted 03.28.2013 | Business
Read More: Savings Accounts, European Debt Crisis, Cyprus, Economy, Personal Finance, Cyprus-Crisis, Eurozone Crisis, Cyprus Bank Levy, Cyprus Bank Tax, Dmitry Medvedev Cyprus Bailout, Cyprus-Bailout-Deal, Cyprus Bailout, Europe in Crisis, Russia Cyprus Bailout, Business News
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?

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Inequality Is Not a Problem That Taxes Can Fix

David Paul | Posted 03.25.2013 | Politics
Read More: Ecri, Free Trade, Globalization, Willem Buiter, Spain Unemployment, Lakshman Achuthan, Eurozone Crisis, Economic Recession, Politics News
David Paul

If our economic model is working for a decreasing share of the population over time, democratic pressures will ultimately demand not just changes to the system of measurement, but to the system itself.

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Russian PM: Cyprus Bailout Deal Is Essentially Theft

AP | Posted 03.25.2013 | Business
Read More: Russia Cyprus Bailout, European Debt Crisis, Video, Eurozone Crisis, Cyprus-Crisis, Cyprus Bailout, Cyprus Bank Tax, Cyprus Bank Levy, Cyprus-Bailout-Deal, Dmitry Medvedev Cyprus Bailout, Business News

MOSCOW -- A spokesman for Russian President Vladimir Putin says the president has asked the government to restructure a 2.5 billion euro ($3.2 billion...

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Cyprus -- The Nightmare Scenario

Laurence J. Kotlikoff | Posted 03.24.2013 | World
Read More: European Debt Crisis, Banking, European Union, Eurozone, Banking Reform, Cyprus, Europe, Eurozone Crisis, Limited Purpose Banking, World News
Laurence J. Kotlikoff

The Cypriot banks did what all banks do. They gambled. They borrowed money by taking in deposits as well as selling bonds, promised to repay, and then invested in assets they were sure would pay off. These assets included lots and lots of Greek government bonds.

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Cyprus Limits ATM Withdrawls

Reuters | Posted 03.24.2013 | Business
Read More: European Debt Crisis, Cyprus Atm Withdrawl Limits, Video, Europe Crisis, Eurozone Crisis, Cyprus Panic, Cyprus Bailout, Cyprus-Crisis, Reuters, Business News, Cyprus Bank Tax, Cyprus, Cyprus Atm, Business News

NICOSIA, March 24 (Reuters) - The central bank in Cyprus imposed a 100-euros per day withdrawal limit at cash machines for the island's t...

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Officials: Cyprus In Danger Of Default

Reuters | Posted 03.24.2013 | Business
Read More: European Debt Crisis, Video, Cyprus Debt Crisis, Cyprus Bailout, Eurozone Crisis, Reuters, Business News, Saving Cyprus Economy, Cyprus, Cyprus Economy, Business News

* Government has difficult task ahead, spokesman says * Island nearing Monday deadline to seal EU bailout ...

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Cyprus Government Proposes Bill To Crack Down On Banks

Reuters | Posted 03.21.2013 | Business
Read More: European Debt Crisis, Video, Europe Crisis, Cyprus-Crisis, Eurozone Crisis, Business News, Cyprus Banks, Cyprus Banks Capital Requirements, Cyprus Bank Tax, Cyprus Bank Levy, Business News

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

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Banking Debacle in Cyprus; Grand Theft Auto in Brussels

Sheldon Filger | Posted 03.21.2013 | World
Read More: Eurozone Debt Crisis, Greek Debt Crisis, Cyprus Bank Levy, Eurozone Crisis, Cyprus Bailout, World News
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.

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LOOK: Cypriots Lash Out Against Bailout Tax

The Huffington Post | Carlo Davis | Posted 03.18.2013 | World
Read More: Video, Nicosia Protests, Eurozone Crisis, Cyprus Bailout, Cyprus Bailout Protest, Cyprus Protests, Cyprus, Cyprus Bank Bailout, Cyprus Bank Bailout Protests, World News

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 ...

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Cyprus: Europe Violates the Sanctity of Insured Deposits

Georges Ugeux | Posted 05.18.2013 | Business
Read More: Banking, Banking Regulation, European Union, Spain Debt Crisis, European Commission, Cyprus, Eurozone Crisis, Cyprus Bank Tax, Business News
Georges Ugeux

Europe has crossed the red line of the sanctity of insured deposits by making them subject to a partial confiscation.

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Cyprus To Shut Down Banks Tuesday And Wednesday

Reuters | Posted 05.18.2013 | Business
Read More: European Debt Crisis, Cyprus-Bank-Levy-Vote, Video, Eurozone Crisis, Cyprus Bailout, Reuters, Business News, Cyprus Banks, Cyprus Bank Shut Down, Cyprus Bank Tax, Cyprus Bank Levy, Business News

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...

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Putin Slams Bailout Plan For Cyprus

AP | Posted 03.18.2013 | World
Read More: Russia Cyprus Banks, Video, Putin Cyprus Bailout, Eurozone Crisis, Cyprus Bailout, Vladimir Putin, Russia Unhappy Over Cyprus Bailout, Cyprus, Cyprus Bank Tax, Putin, Cyprus Bank Crisis, World News

MOSCOW -- The spokesman for Vladimir Putin says the Russian president is strongly critical of a plan to levy a tax on depositors in Cyprus. Russian c...

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S&P's Dire Warning For Europe

Reuters | Posted 05.18.2013 | Business
Read More: Video, Unemployment, Eurozone Crisis, Standard and Poor's, Reuters, Standard and Poors European Unemployment, Business News, Standard and Poor's European Union, European Crisis, European Unemployment, Business News

BERLIN, March 18 (Reuters) - Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary...

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What You Should Know About the Cyprus Controversy

Mohamed A. El-Erian | Posted 05.17.2013 | World
Read More: Investing, Eurozone, Europe Economy, Cyprus Rescue Package, Eurozone Crisis, Global Economy, Central Banks, Debt, Cyprus, European Central Bank, World News
Mohamed A. El-Erian

On Saturday, European officials stunned Cypriots (and many others) by announcing a rescue package for their country that involves a levy on all bank deposits. The news is spreading far and wide, causing quite a bit of controversy in the process.

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Cyprus To Compensate Those Forced To Pay Bank Tax

Reuters | Posted 05.17.2013 | Business
Read More: European Debt Crisis, Cyprus-Bank-Levy-Vote, Video, Eurozone Crisis, Cyprus Bailout, Cyprus Bank Tax, Reuters, Business News, Cyprus, Cyprus Bank Levy, Business News

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

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Europeans Freaking Out Over Controversial Cyprus Bailout

Reuters | Posted 05.17.2013 | Business
Read More: European Debt Crisis, Video, Cyprus Crisis, Europe Crisis, Eurozone Crisis, Cyprus Bailout, Reuters, Business News, Cyprus Bank Tax, Cyprus Bank Levy, Business News

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

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Krugman Levels Dire Warning On Cyprus Bailout

Posted 03.17.2013 | Business
Read More: Cyprus-Bank-Levy-Vote, European Debt Crisis, Video, Europe Crisis, Cyprus Bailout, Eurozone Crisis, Paul Krugman Cyprus, Business News, Eurozone-Debt-Crisis, Paul Krugman Cyprus Bailout, Cyprus Bank Levy, Business News

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

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Crisis-Ridden European Nation Delays Crucial Vote

AP | MENELAOS HADJICOSTIS | Posted 05.17.2013 | Business
Read More: European Debt Crisis, Cyprus Bank Levy Vote, Cyprus-Bank-Levy, Video, Europe Crisis, Eurozone Crisis, Cyprus Bailout, Business News, Eurozone-Debt-Crisis, Cyprus Financial Crisis, Business News

NICOSIA, Cyprus — Cyprus' president said Sunday that he is trying to amend a key provision of an unpopular eurozone bailout plan that would tax ...

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Scores Arrested At Anti-Austerity Protest In Spain

Reuters | Posted 04.26.2013 | World
Read More: Austerity Protests, Spending Cuts Protest, Eurozone Crisis, Spain Austerity, Reuters, Spain Economy, Europe Austerity, Madrid Protest, Spain, World News

MADRID, Feb 24 (Reuters) - Forty-five people have been arrested in Spain during disturbances following a demonstration on Saturday by tens of thousa...

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Will Greece Survive?

Marietta Giannakou | Posted 04.21.2013 | World
Read More: Eurozone Crisis, Eurozone, Greece, Golden Dawn, Greece Debt Crisis, Greece Debt, Greek History, Europe, World News
Marietta Giannakou

Is modern Greece going to survive out of the storm of the ongoing crisis? Is Europe about to change path from the achievements of post-war political cooperation and economic integration to the unchartered waters of national egoisms and self-minded interests?

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