Signs the euro zone's economic downturn is deepening and worries over a possible financial meltdown in Cyprus sent world shares, oil and the single currency lower on Thursday. The falls would have
The European Central Bank gave Cyprus until Monday to raise billions of euros to clinch an international bailout or face losing emergency funds for its banks and inevitable collapse. The ultimatum came
Cyprus expects to clinch a financial support package by Monday, Central Bank governor Panicos Demetriades said, meeting a deadline after which the European Central Bank has threatened to cut off funding for
Cyprus Bailout: Stupidity, Short-Sightedness, Something Else?), The Editors, Cyprus.com In our previous article (Cyprus Bailout: Stupidity, Short-Sightedness, Something Else?), we discussed why we thought the combination of an across-the-board bank levy (regardless
What do we do now? Cyprus.com Editors A quick run-down on the impressively stupid handling of the "Cyprus bailout" by the EU. And, before we go on, we should note that the
European shares fell on Thursday as investors, already jittery over Cyprus's debt crisis, were confronted with data showing Germany's business activity lost steam in March. The data, which suggested Europe's largest economy
– ECB decides to maintain Cyprus emergency funds till Monday – Says Cyprus needs EU/IMF plan for the funds thereafter The European Central Bank set Cyprus a Monday deadline to agree a
Confusion reigns supreme in the Cyprus bailout. So it is fairly risky to stick out your neck commenting on an unknown outcome that could leave you exposed to ridicule in hours if
Cyprus’s rejection of the European Union’s tax levy plan to finance the country’s bailout has piqued the interest of Russia’s biggest and most important businesses. The proposed levy put over $31 billion
Former President of the Republic Demetris Christofias has dismissed allegations that his government had given its consent for a haircut on Cypriot bank deposits. According to a press release from the former
