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Cyprus

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    Apr 3, 2013 |Column| Orlando Sentinel

  1. The Improvisers

    WASHINGTON -- The bailout of Cyprus -- if it can be called that -- bore all the trappings of Europe's standard response to its economic crisis. The last-minute, melodramatic rescue was complex, contentious and controversial. Decisions were taken that, for now, prevent Cyprus' problems from spilling over to the 16 other countries that use the euro. But the same steps may make matters worse in the long run. No one who reads Neil Irwin's splendid new book, "The Alchemists: Three Central Bankers and a World on Fire," will be surprised.
    WASHINGTON -- The bailout of Cyprus -- if it can be called that -- bore all the trappings of Europe's standard response to its economic crisis. The last-minute, melodramatic rescue was complex, contentious and controversial. Decisions were taken that, for...

    Tags: Federal Reserve, The Washington Post, Finance, Politics, Impeachment

    2. Apr 2, 2013 |Story| Los Angeles Times

  2. Jobless rate hits new record in Eurozone

    LONDON -- Joblessness in the 17-nation Eurozone hit a record high in January and February, according to statistics released Tuesday that gave a grim snapshot of the region’s continued economic malaise.
    LONDON -- Joblessness in the 17-nation Eurozone hit a record high in January and February, according to statistics released Tuesday that gave a grim snapshot of the region’s continued economic malaise. The unemployment rate rose to 12% in the...

    Tags: Employment, Labor Markets, Career and Workplace, Employment Opportunities, European Debt Crisis

    3. Apr 2, 2013 |Story| Los Angeles Times

  3. Cypriot Finance Minister Michalis Sarris resigns

    ATHENS -- <span class=&quot;runtimeTopic">The finance minister of Cyprus,</span> Michalis Sarris, resigned Tuesday after brokering the final details of a complex and controversial bailout cobbled together to keep the island&rsquo;s faltering financial system from crumbling.
    This post has been updated. See the note below for details.
    ATHENS -- The finance minister of Cyprus, Michalis Sarris, resigned Tuesday after brokering the final details of a complex and controversial bailout cobbled together to keep the island’s faltering financial system from crumbling. Sarris’...

    Tags: Finance, Nicos Anastasiades, Cypriot Banking Crisis (2013), Economy, Business and Finance

    4. Apr 1, 2013 |Column| Allentown Morning Call

  4. Betray your bank before your bank betrays you

    What's a Slovenian with several hundred thousand euros in the bank supposed to do? Spread it out among at least a few different banks, that's what. Or move the money out of the country, while it's still possible. Imagine what must be on the minds of...

    Tags: Italy, Finance, Slovenia, Germany, Foreign Exchange Market

    5. Mar 29, 2013 |Story| Los Angeles Times

  5. Cyprus has no intention of leaving euro, president says

    The president of Cyprus said the risk of bankruptcy has been contained and the country has no intention of leaving the euro.
    The president of Cyprus said the risk of bankruptcy has been contained and the country has no intention of leaving the euro. Conservative leader Nicos Anastasiades spoke Friday, one day after banks reopened following an almost two-week closure aimed...

    Tags: Nicos Anastasiades, Cypriot Banking Crisis (2013), Bankruptcy

    6. Mar 28, 2013 |Story| Los Angeles Times

  6. U.S. sends stealth bombers on practice run to South Korea

    Two American stealth bombers flew over South Korea in a practice run to drop dummy munitions, the U.S. military announced Thursday. The unusual announcement is expected to further anger North Korea, which issued threats this month over recently completed U.S.-South Korean military exercises.
    Two American stealth bombers flew over South Korea in a practice run to drop dummy munitions, the U.S. military announced Thursday. The unusual announcement is expected to further anger North Korea, which issued threats this month over recently...

    Tags: Pyongyang (North Korea), North Korea, International Military Interventions, Wars and Interventions, Unrest, Conflicts and War

    7. Mar 29, 2013 |Story| Los Angeles Times

  7. Unmaking Europe

    &quot;We have made Italy, now we must make Italians," goes the old saying. Today we have made the euro, and the crisis of the euro is unmaking Europeans. People who felt enthusiastically European 10 years ago are reverting to angry national stereotypes.
    "We have made Italy, now we must make Italians," goes the old saying. Today we have made the euro, and the crisis of the euro is unmaking Europeans. People who felt enthusiastically European 10 years ago are reverting to angry national stereotypes....

    Tags: Italy, Angela Merkel, Elections, Germany, University of Oxford

    8. Mar 29, 2013 |Story| Los Angeles Times

  8. BRICS in the development wall: Competing interests

    Barely a decade old, the BRICS alliance forged to challenge Western-dominated global economic strategy may already have outlived its purpose.
    Barely a decade old, the BRICS alliance forged to challenge Western-dominated global economic strategy may already have outlived its purpose. The collaborative five-country bloc that came together to create a counterweight to the Group of 7 rich-...

    Tags: Goldman Sachs Group, Inc., Finance, NATO, South Africa, Environmental Issues

    9. Mar 28, 2013 |Story| Los Angeles Times

  9. Cyprus bailout: How the tiny country got here

    As banks opened their doors Thursday for the first time in nearly two weeks in Cyprus, the odyssey over the nation's financial crisis and ensuing bailout took its newest turn. If you haven&rsquo;t followed the economic drama in this Mediterranean island, here&rsquo;s a recap of how Cyprus came to preoccupy the Eurozone.
    As banks opened their doors Thursday for the first time in nearly two weeks in Cyprus, the odyssey over the nation's financial crisis and ensuing bailout took its newest turn. If you haven’t followed the economic drama in this Mediterranean island,...

    Tags: Cypriot Banking Crisis (2013), European Union, European Central Bank

    10. Mar 28, 2013 |Story| Los Angeles Times

  10. First day for Cyprus' reopened banks passes calmly

    ATHENS -- After being locked out of their banks for nearly two weeks, the people of bailed-out Cyprus finally had access to their financial institutions Thursday, lining up to withdraw cash but maintaining calm and order despite fears by authorities of potential unrest.
    ATHENS -- After being locked out of their banks for nearly two weeks, the people of bailed-out Cyprus finally had access to their financial institutions Thursday, lining up to withdraw cash but maintaining calm and order despite fears by authorities of...

    Tags: Finance, Nicos Anastasiades, Cypriot Banking Crisis (2013), International Monetary Fund, Economy, Business and Finance

    11. Mar 28, 2013 |Story| Los Angeles Times

  11. Bahrain: 21 medics cleared in closely watched case

    A Bahraini court on Thursday cleared 21 medics who had been convicted in connection with protests against the government, a victory for rights activists in the closely watched case.
    A Bahraini court on Thursday cleared 21 medics who had been convicted in connection with protests against the government, a victory for rights activists in the closely watched case. The exonerated doctors, nurses and other medical personnel were among...

    Tags: Health and Medical Professionals, Religion and Belief, Civil Rights, Politics, Trials

    12. Mar 27, 2013 |Story| Los Angeles Times

  12. Message to Russian oligarchs: Your money's just as safe at home

    It&rsquo;s been a rough week for Russian oligarchs, with the apparent suicide of exiled Kremlin critic Boris Berezovsky as well as a Eurozone rescue of Cyprus expected to come largely at the expense of Russian high rollers who stashed their wealth in the island&rsquo;s now insolvent banks.
    It’s been a rough week for Russian oligarchs, with the apparent suicide of exiled Kremlin critic Boris Berezovsky as well as a Eurozone rescue of Cyprus expected to come largely at the expense of Russian high rollers who stashed their wealth in...

    Tags: Same-Sex Marriage, Brookings Institution, Real Estate Sellers, Finance, Federal Bailout Funds

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Cyprus Photos
A Laiki Bank manager tries to calm depositors waiting f...
(March 29, 2013)
Cyprus bailout
Protesters hold a flag of Cyprus during an anti-bailout...
(March 27, 2013)
Protesters hold flag of Cyprus during an anti-bailout rally outside the Presidential Palace in Nicosia
Cyprus' snowball effect
(March 27, 2013)
Cyprus' snowball effect
 » All 14 Cyprus photos