Europe's debt crisis started in Greece. Now, residents in the tiny countries of Luxembourg, Slovenia and Malta are worried they're the next stop.
Banks are open for the second day in Cyprus after two weeks of closure. From the outside, things appear to be calm. The President of Cyprus said this morning that the country will not leave the euro.
As Cyprus reopens banks but attaches capital and cash limits, we look at how such restrictions would affect American businesses and individuals if imposed here.
Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.
The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?
Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to explain how Cyprus is guarding itself against a bank run.
Odds were pretty high some kind of deal on Cyprus was going to get worked out this weekend. But, economic life in Cyprus will likely get worse before it gets better.
Richard DeKaser, economist with Wells Fargo, discusses the impact of Cyprus' bailout on the U.S. economy.
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.
After more than a week of turmoil, eurozone finance ministers reached a last minute deal to grant Cyprus a $13 billion bailout.

More from European Debt Crisis

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In the European debt crisis, size matters

Apr 4, 2013
Europe's debt crisis started in Greece. Now, residents in the tiny countries of Luxembourg, Slovenia and Malta are worried they're the next stop.
Posted In: slovenia, Malta, Luxembourg, Europe, debt
0

Cyprus calm but crisis effects ripple

Mar 29, 2013
Banks are open for the second day in Cyprus after two weeks of closure. From the outside, things appear to be calm. The President of Cyprus said this morning that the country will not leave the euro.
Posted In: cyprus, bailout, Europe debt crisis
0

Lessons from Cyprus: How to work without cash

Mar 28, 2013
As Cyprus reopens banks but attaches capital and cash limits, we look at how such restrictions would affect American businesses and individuals if imposed here.
Posted In: cyprus, cashless
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Cyprus capital controls threaten fate of the euro

Mar 28, 2013
Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.
Posted In: cyprus, euro, bailout
2

Where will money launderers turn after Cyprus?

Mar 27, 2013
The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?
Posted In: money laundering, cyprus
0

Cyprus guards itself against a bank run

Mar 27, 2013
Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to explain how Cyprus is guarding itself against a bank run.
Posted In: cyprus, bailout
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For Cyprus, painful cuts follow 'heart attack' to the economy

Mar 25, 2013
Odds were pretty high some kind of deal on Cyprus was going to get worked out this weekend. But, economic life in Cyprus will likely get worse before it gets better.
Posted In: cyprus
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Cyprus bailout to calm U.S. markets

Mar 25, 2013
Richard DeKaser, economist with Wells Fargo, discusses the impact of Cyprus' bailout on the U.S. economy.
Posted In: cyprus, stock market, bailout
0

Russia speaks out against Cyprus bailout

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.
Posted In: cyprus, Russia, bailout
0

Cyprus avoids bankruptcy with $13 billion bailout deal

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.
Posted In: cyprus, bailout, Europe debt crisis

Most Commented

0

In the European debt crisis, size matters

Apr 4, 2013
Europe's debt crisis started in Greece. Now, residents in the tiny countries of Luxembourg, Slovenia and Malta are worried they're the next stop.
Posted In: slovenia, Malta, Luxembourg, Europe, debt
0

Cyprus calm but crisis effects ripple

Mar 29, 2013
Banks are open for the second day in Cyprus after two weeks of closure. From the outside, things appear to be calm. The President of Cyprus said this morning that the country will not leave the euro.
Posted In: cyprus, bailout, Europe debt crisis

Marketplace coverage of Europe's debt crisis and how it's affecting the U.S. and world markets.

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