Articles Tagged 'Democracy'

Thousands of bank employees protest outside the Finance Ministry in Nicosia

Cyprus weighs big bank levy; bailout goes down to wire

by Karolina Tagaris and Michele Kambas, Reuters.com
Published on March 24, 2013
Cyprus conceded on Saturday to a one-off levy on deposits over 100,000 euros in a dramatic U-turn as it raced to satisfy European partners and… READ MORE
cyprus

Cypriot Parliament Rejects Bank Levy Bill

by Reuters
Published on March 20, 2013
Cyprus’s parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing euro zone efforts to rescue… READ MORE
cyprus

Saxo Bank CEO: “This Is Full-Blown Socialism And I Still Can’t Believe It Happened”

by Lars Seier Christensen, CEO Saxo Bank
Published on March 19, 2013
It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors’ money and… READ MORE

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