After several delays, the parliament in Cyprus is unlikely to pass a bill taxing deposits which has prompted turmoil in its banking system, falling short on a condition for an international bailout,
The Eurogroup seems to have had a change of heart and is willing to give Cyprus more flexibility over a bank levy which is part of its strict bailout conditions, sources said
. By Fiona Mullen, Director Sapienta Economics As some of you might have heard me say on air this week, I have a nasty feeling that the eurozone elites took an unconscious
Global stock markets edged lower on Monday as concerns over European sovereign debt returned to the forefront after the euro zone's decision on partially funding a bailout of Cyprus by taxing bank
There is room to change the bailout plan for Cyprus to help savers with relatively small deposits, Austrian Finance Minister Maria Fekter said on Monday. "What happened at the weekend was a
The decision to seize money from bank deposits in Cyprus as part of an international bailout lacked "common sense" and risked undermining confidence in the banking system, Portuguese President Anibal Cavaco Silva
European shares pared early losses on Monday as policymakers raced to revise a radical bailout plan for Cyprus that threatened to spark a fresh leg to the euro zone's crisis. In a
* Putin says deal unfair, Gazprom sets sights on failed bank * The Cyprus government has postponed until Tuesday a crucial vote on a harsh savings levy to try and improve the package, part
The Eurozone, IMF and Germany's insistence to impose a harsh "bail-in" plan on Cypriot savers has backfired with "iron fist" Finance Minister Wolfgang Schaeuble not realising that he may have cast the
Stocks and commodities fell sharply in Asia on Monday as investors were rattled by a radical bailout plan for Cyprus and piled into safer assets including the U.S. dollar, gold and sovereign
