It is important that the situation in Cyprus is resolved in a responsible and fair way that ensures financial stability, the US Treasury Department has said. In a written statement the US
Trading on the Cyprus Stock Exchange (CSE) has been suspended to safeguard the interest of investors and until such time as banks remain closed due to negotiations of a 10 bln euro
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
* 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
Euro zone ministers struck a deal on Saturday to hand Cyprus a bailout worth 10 bln euros ($13 bln) to stave off bankruptcy. Under the programme, the island's debt should fall to
* After "scorched earth", island left with ashes * Savers in Cyprus are being forced to bear the brunt of a painful cost of a 10 bln euro bailout agreed by eurozone
* First “luxury retirement resort” in Ayia Napa; Church lost €9.5 mln from investments, blames Christofias for haircut and banking crisis * The outspoken head of the Church of Cyprus, often described
EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day. Senior sources involved in the
