Pages
No tax, no bailout? A worst case scenario for Cyprus
by
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.
Cypriots protest bank deposit tax
Interview with
Mar 19, 2013
Later today, the government of Cyprus will vote on a controversial bailout plan which would tax bank deposits up to 10 percent. The BBC's Nigel Cassidy in Cyprus discusses public reaction to the plan and whether the government will actually pass the measure.
Cyprus bank customers asked to help bail out banks
by
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.
Cyprus bailout tax causes alarm around the world
Interview with
Mar 18, 2013
Julia Coronado, chief economist with the investment bank BNP Paribas, explains how the situation in Cyprus is rippling out to other economies around the world.
Cyprus bailout: Depositors face tax, hurry to withdraw cash
by
Mar 18, 2013
Financial markets in Asia and Europe fell sharply today thanks to the unusual terms of the EU bailout of Cyprus. A tax of up to 10 percent on bank deposits in Cyprus was proposed to defray some of the cost of the bailout.
5 things you need to know about Cyprus' economy
by
Mar 18, 2013
As Cyprus debates a controversial bailout plan to tax savings accounts, here are the five things you need to know about Cyprus, its economy, and why it is important to the global economic recovery.
Italy election deadlock reignites debt crisis fears
by
Feb 26, 2013
The European debt crisis has calmed down a lot in the past few months, but elections in Italy have ended in deadlock and uncertainty is back.
With no clear victor, uncertainty wins Italy's election
Interview with
Feb 26, 2013
Global stock markets are falling this morning after preliminary election results in Italy indicate no political party won a clear majority in parliament.
Italy election: Bombastic billionaire Berlusconi versus austerity
Story By
Feb 22, 2013
Italian media magnate and former Prime Minister Silvio Berlusconi is seeking re-election at the polls this weekend. But will the country take him back or stick with their austerity agenda?
Europe faces up to the cost of austerity
by
Feb 22, 2013
Today, the European Commission said the euro zone will shrink another 0.3 percent in 2013, which is deeper and longer lasting than originally expected.











