European Debt Crisis - Most Recent
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Desperate but creative measures proposed for Cyprus
Mar 21, 2013
As Cyprus stares down an ultimatum from the European Central Bank, its government, friends and observers have come up with a range of solutions
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Global markets watch and wait for Cyprus
Mar 21, 2013
Diane Swonk, chief economist with Mesirow Financial, discusses how the situation in Cyprus could affect the global economy.
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European Central Bank pressures Cyprus for new bailout deal
Mar 21, 2013
The European Central Bank has given the Cyprus just a few days to come up with a new bailout deal after the Cypriot parliament rejected a controversial tax on bank deposits as part of its original bailout plan.
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Krugman warns U.S.: Don't end up like U.K.
Mar 20, 2013
Britain's budget, released today, contains more deep spending cuts. Nobel-winning economist Paul Krugman argues that austerity policies in the UK and Europe are killing growth.
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No tax, no bailout? A worst case scenario for Cyprus
Mar 20, 2013
Cyprus is in turmoil following the decision last night by its parliament to reject a bailout plan from the eurozone. The plan entailed a one-off tax of up to 10 percent on Cypriot bank accounts.
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Does Cyprus' tax vote mean an exit from euro?
Mar 19, 2013
A vote in Cyprus could determine the fate of the country's proposed savings account tax, and Cyprus' future in the eurozone. But as much as Cypriots care, so do Russians and Germans.
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Sheila Bair: Cyprus deposit tax unlawful, destabilizing
Mar 19, 2013
Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corporation, shares her views on the Cyrpriot bailout plan and whether such a levy could ever happen to U.S. depositors.
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Anger and shock sweep Cyprus
Mar 18, 2013
One retired Cyprus resident shares his dismay over news that the Cypriot government could take a percentage of regular deposits in the bank.
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Cyprus bank customers asked to help bail out banks
Mar 18, 2013
Anyone with cash in a bank account in Cyprus could lose up to 10 percent of it, as a one off tax to help fund a bank bailout.
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How much would your savings account be taxed in Cyprus?
Mar 18, 2013
Cyprus and European regulators announced over the weekend a new plan to tax the country's savings accounts to solve the country's debt crisis. Everyone with a savings account would pay some tax, but those with extra large savings accounts (over $130,000 in the bank) would get hit with a super-sized tax bill. Find out what you would pay, if you had a bank account in Cyprus, with our simple calculator.
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Marketplace coverage of Europe's debt crisis and how it's affecting the U.S. and world markets.
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