cyprus

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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.
Posted In: cyprus, bailout, Europe debt crisis

European Central Bank to Cyprus: Now or never

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.
Posted In: cyprus, ECB, bailout, Europe debt crisis

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.
Posted In: cyprus, ECB, bailout, Europe debt crisis

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.
Posted In: cyprus, Europe debt crisis, Germany, Eurozone

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.
Posted In: cyprus

Cypriots protest bank deposit tax

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.
Posted In: cyprus, Europe debt crisis, bailout

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.
Posted In: cyprus, FDIC, Sheila Bair

Could the Cyprus deposit tax lead to a bank run?

Mar 19, 2013
Bank runs become a problem because banks don’t actually have a lot of money in the bank. Your deposit, to a bank, is a loan -- and most of that money gets lent out again.
Posted In: cyprus, FDIC, bank run

U.K. flies more than a million dollars cash to Cyprus

Mar 19, 2013
A British air force plane was loaded up with cold hard cash and flown to Cyprus for the British military there.
Posted In: cyprus

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.
Posted In: cyprus

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