Articles Tagged 'Bailout'

Bank of Cyprus

Cyprus forced to find extra €6bn for bailout, leaked analysis shows

by Heather Stewart and Helena Smith, the guardian
Published on April 14, 2013
Cypriot politicians have reacted with fury to news that the crisis-hit country will be forced to find an extra €6bn (£5bn) to contribute to its… READ MORE

Cyprus to sell gold reserves to help fund bailout

by BBC News Business
Published on April 12, 2013
Cyprus is to sell off much of its gold reserves to help finance part of its bailout. An assessment by the European Commission says Cyprus… READ MORE
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,
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
People queue up to make a transaction at an ATM outside a branch of Laiki Bank in Nicosia

EU gives Cyprus bailout ultimatum, risks euro exit

by Michele Kambas and Matt Robinson,
Published on March 22, 2013
The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of… READ MORE

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

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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