Mar 25, 2013 Eurozone finance ministers reached a last minute deal to grant Cyprus a $13 billion bailout early this morning. Those with large deposits in Cypriot banks could be hit will a tax of 30 percent in order to help fund the bailout.
Mar 25, 2013 After more than a week of turmoil, eurozone finance ministers reached a last minute deal to grant Cyprus a $13 billion bailout.
Mar 22, 2013 The European Central Bank has given the small island nation until Monday to agree on a new plan to raise billions of dollars and avoid bankruptcy.
Mar 22, 2013 The BBC's Steve Evans in Berlin discuses how Germany and its upcoming elections figure into the situation in 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
Mar 21, 2013 Diane Swonk, chief economist with Mesirow Financial, discusses how the situation in Cyprus could affect the global economy.
Mar 21, 2013 Cyprus has until Monday to come up with a new bailout package after the parliament rejected the initial plan that called for a controversial tax on the country’s bank deposits.
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.
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.