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Russia extends Cypriot loan by 2 yrs, cuts interest -troika document
ReutersBERLIN, May 6 (Reuters) - Russia has agreed to extended the maturity and reduce the interest on its loan to Cyprus, a document prepared by international lenders showed, providing additional but expected financial relief to the island on top of an EU-IMF...Tags: International Organizations, Finance, Nicosia (Cyprus), European Central Bank, Economy, Business and Finance
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RPT-ANALYSIS-What taxpayer bailouts? Euro crisis saves Germany money
Reuters(Repeats to add bond yield graphic) By Jan Strupczewski BRUSSELS, May 2 (Reuters) - Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the...Tags: Austria, Republic of Ireland, European Debt Crisis, Federal Bailout Funds, Economy, Business and Finance
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Moody's cuts Slovenia to 'junk', torpedoing bond issue
ReutersLJUBLJANA (Reuters) - Slovenia abandoned an attempt to issue bonds and Moody's cut its debt rating to "junk" on Tuesday, dealing a blow to the country's goal of healing its ailing state-owned banks and avoid following Cyprus into the euro zone's emergency...Tags: Government, Slovenia, Ljubljana (Slovenia), European Union, Economy, Business and Finance
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Insight: Why did Cypriot banks keep buying Greek bonds?
ReutersBy Michele Kambas, Stephen Grey and Stelios Orphanides NICOSIA (Reuters) - One day last October, a memory stick containing special software for deleting data was placed into a desktop computer at Bank of Cyprus. Within minutes, 28,000 files were erased,...Tags: Computers, Nicosia (Cyprus), Services and Shopping, Medical Procedures and Tests, Cypriot Banking Crisis (2013)
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Cyprus parliament approves bailout
ReutersNICOSIA, April 30 (Reuters) - Cyprus's parliament approved on Tuesday an EU bailout including provisions to impose substantial losses on bank depositors and wind down one of the island's biggest banks. By a show of hands, 29 lawmakers approved...Tags: Parliament, European Union, Cypriot Banking Crisis (2013), Politics
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Lawmakers in Cyprus pass bailout plan
ATHENS -- Despite sweeping public discord, Cyprus lawmakers on Tuesday approved a controversial $13-billion bailout imposed by international lenders to keep the island financially afloat, and its economy anchored to Europe’s single currency....
Tags: Government, Justice System, European Debt Crisis, National Government, Parliament
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CORRECTED-Cyprus parliament decides on bailout, thin majority to vote yes
Reuters(Corrects number of coalition seats to 30, from 29, paragraph 3; and that insured, not uninsured, depositors have less than 100,000 euro savings, paragraph 6) * Cyprus lawmakers meet to debate, vote on bailout * Government likely to clinch vote with...Tags: Elections, Government, Finance, Justice System, Crime, Law and Justice
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EU considers protecting savers against future bank collapses
ReutersBRUSSELS (Reuters) - Depositors should be the very last to suffer losses when a bank collapses, according to a proposal being discussed by European Union countries and seen by Reuters, which would shield savers from the kind of losses they face in Cyprus....Tags: International Organizations, European Central Bank, European Union, International Monetary Fund, Politics
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Bank of Cyprus converts portion of uninsured savings to equity
ReutersNICOSIA, April 28 (Reuters) - Cypriot lender Bank of Cyprus said on Sunday it had carried out a conversion of uninsured cash deposits in the bank into equity, one of the conditions of international lenders to offer the cash-starved island financial aid....Tags: European Union, International Monetary Fund, Cypriot Banking Crisis (2013)
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Fresh Slovenian protests amid bailout fears
Reuters* Thousands take to streets in anti-corruption protests * First demonstrations under new Slovenian government * Slovenia says it can avoid Cyprus-style bailout By Marja Novak LJUBLJANA, April 27 (Reuters) - Around 2,500 anti-corruption protesters...Tags: Finance, Slovenia, Ljubljana (Slovenia), Economy, Business and Finance, Cypriot Banking Crisis (2013)
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Euro zone sees light at end of tunnel, pitfalls remain
ReutersBRUSSELS (Reuters) - There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and structures. Despite a messy bailout...Tags: Slovenia, Republic of Ireland, Central Bank, European Central Bank, Economy, Business and Finance
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Post-Cyprus credit rebound hints at bounce for unloved banks
Reuters* CDS market suggests some euro zone banks are oversold * Heavily shorted sector could see a squeeze higher * Euro zone bank outlooks diverge * Nordic and UK lenders set to outperform as safe havens By Alistair Smout LONDON, April 25 (Reuters) - A...Tags: Deutsche Bank AG, Finance, Foreign Exchange Market, Car Safety Tips and Advice, European Central Bank
May 6, 2013
|Story| Reuters
May 2, 2013
|Story| Reuters
Apr 30, 2013
|Story| Reuters
Apr 30, 2013
|Story| Reuters
Apr 30, 2013
|Story| Reuters
Apr 30, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Reuters
Apr 29, 2013
|Story| Reuters
Apr 28, 2013
|Story| Reuters
Apr 27, 2013
|Story| Reuters
Apr 26, 2013
|Story| Reuters
Apr 25, 2013
|Story| Reuters
Original site for Cyprus topic gallery.
