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.
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.
Mar 15, 2013 European finance ministers are meeting in Brussels today, and at the top of their agenda is Cyprus. The small Mediterranean island nation, which has 850,000 people, is in desperate need of a bailout.
Mar 5, 2013 A guide to living under austerity (and that's another word for sequester).
Mar 1, 2013 It’s not the first time Washington has cut budgets across the board. But even when sequesters were much smaller, they were a nightmare to carry out.
Feb 28, 2013 Some federal employees stand to lose as much as 20 percent of their wages because of the sequester.
Feb 26, 2013 Budget cuts known as sequester aren’t unprecedented, experts say. But their timing and indiscriminate nature are worrying.
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.
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.