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Cyprus says fully committed to implementing EU/IMF bailout
ReutersNICOSIA (Reuters) - Cyprus is fully committed to implementing an EU/IMF bailout that saved the island nation from bankruptcy and is not attempting to renegotiate its terms, the government's spokesman said on Wednesday. "I reiterate once again that the...Tags: Cyprus, Cypriot Banking Crisis (2013)
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Global shares flat, dollar steady before Fed decision
ReutersNEW YORK (Reuters) - Equities were flat while major currencies and commodities traded within recent ranges on Wednesday as investors awaited a statement from the U.S. Federal Reserve that they hope will shed light on its next move. The Fed is expected to...Tags: Angela Merkel, Exports, CNBC (tv network), BB&T Corp., Travel
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Revision of Cypriot bailout terms not likely: euro zone officials
ReutersBRUSSELS (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on Wednesday....Tags: Finance, International Organizations, Cyprus, Herman Van Rompuy, Economy, Business and Finance
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Cyprus president criticizes bailout terms
ReutersNICOSIA (Reuters) - Cypriot President Nicos Anastasiades has launched scathing criticism over the terms of an international bailout which forced massive losses on bank deposits, saying the support lenders displayed to Greece was absent in the case of...Tags: Debt Market, Finance, European Central Bank, International Monetary Fund, Credit and Debt
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Cypriot Finance Minister Michalis Sarris resigns
This post has been updated. See the note below for details.ATHENS -- The finance minister of Cyprus, Michalis Sarris, resigned Tuesday after brokering the final details of a complex and controversial bailout cobbled together to keep the island’s faltering financial system from crumbling. Sarris’...Tags: Finance, Cyprus, Cypriot Banking Crisis (2013), Economy, Business and Finance
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Cyprus has no intention of leaving euro, president says
The president of Cyprus said the risk of bankruptcy has been contained and the country has no intention of leaving the euro. Conservative leader Nicos Anastasiades spoke Friday, one day after banks reopened following an almost two-week closure aimed...
Tags: Bankruptcy, Cyprus, Cypriot Banking Crisis (2013)
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First day for Cyprus' reopened banks passes calmly
ATHENS -- After being locked out of their banks for nearly two weeks, the people of bailed-out Cyprus finally had access to their financial institutions Thursday, lining up to withdraw cash but maintaining calm and order despite fears by authorities of...
Tags: Finance, International Monetary Fund, Cyprus, Cypriot Banking Crisis (2013), Economy, Business and Finance
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Cyprus wakes to bailout hangover
This post has been updated and corrected. See the notes below and at the bottom for details.ATHENS -- Defending a last-resort deal with international lenders, bleary-eyed officials on Cyprus said Monday that they had managed to avert a devastating default for the tiny Mediterranean nation and kept it from being forced out of Europe's single-...Tags: Central African Republic, Cypriot Banking Crisis (2013), Economy, Business and Finance, Moscow (Russia), Theft
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Cyprus locked in tense talks with international lenders
ATHENS -- Officials from Cyprus and international lenders were locked in long and tortuous talks Sunday, trying to strike a deal on a rescue plan that would keep the island’s failing banks from collapsing while maintaining membership in Europe&...
Tags: Central Bank, Same-Sex Marriage, Bankruptcy, Central African Republic, Economy, Business and Finance
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Cyprus, creditors reach draft deal for avoiding economic collapse
ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency....Tags: European Central Bank, International Monetary Fund, European Union, Cyprus, Cypriot Banking Crisis (2013)
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Cyprus scrambles to put together bailout package
ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...
Tags: Central Bank, Chinua Achebe, Federal Bailout Funds, Cypriot Banking Crisis (2013), Economy, Business and Finance
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Could tiny Cyprus trigger collapse of the Eurozone?
It’s being marketed as a one-time tax -- a civic donation to the nation’s financial stability. But the people of Cyprus know it by another name: expropriation. A government plan to siphon as much as 10% from individual bank deposits to co-...
Tags: Mario Draghi, Market and Exchange, Cypriot Banking Crisis (2013), Economy, Business and Finance, Moscow (Russia)
Jun 19, 2013
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Jun 19, 2013
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Jun 19, 2013
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Jun 11, 2013
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Apr 2, 2013
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Mar 29, 2013
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Mar 28, 2013
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Mar 25, 2013
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Mar 24, 2013
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Mar 24, 2013
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Mar 22, 2013
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Mar 20, 2013
|Story| Los Angeles Times
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