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Cyprus

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    Mar 24, 2013 |Story| Los Angeles Times
  1. Cyprus locked in tense talks with international lenders

    ATHENS -- Officials from Cyprus and international lenders were locked in long and tortuous talks Sunday, trying to strike a deal on a rescue plan that would keep the island’s failing banks from collapsing while maintaining membership in Europe’s single currency.
    ATHENS -- Officials from Cyprus and international lenders were locked in long and tortuous talks Sunday, trying to strike a deal on a rescue plan that would keep the island’s failing banks from collapsing while maintaining membership in Europe&...

    Tags: International Monetary Fund, Nicos Anastasiades, Cypriot Banking Crisis (2013), Bankruptcy, Nicosia (Cyprus)

  2. Mar 21, 2013 |Story| Los Angeles Times
  3. Cyprus faces Monday deadline to find $7.5 billion

    ATHENS -- The clock began ticking for Cyprus on Thursday when the European Central Bank warned the beleaguered country that it had until Monday to find $7.5 billion needed to qualify for a financial bailout. The stern ultimatum that the European Central...

    Tags: Cypriot Banking Crisis (2013), European Parliament, Moscow (Russia), Nicosia (Cyprus), Dmitry Medvedev

  4. Mar 24, 2013 |Story| Los Angeles Times
  5. Cyprus, creditors reach draft deal for avoiding economic collapse

    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency....

    Tags: International Monetary Fund, Cypriot Banking Crisis (2013), Nicos Anastasiades, Nicosia (Cyprus), European Union

  6. Mar 24, 2013 |Column| Chicago Tribune
  7. MarksJarvis: Cyprus crisis keeps investors on edge

    We've been here before. It's a weekend reminiscent of the jittery past year. Investors are on edge as they gaze at political leaders across the Atlantic for assurances they will extend a last-minute bailout to a struggling European country and...

    Tags: Cypriot Banking Crisis (2013), Mario Draghi, Citigroup Incorporated, European Union, Economy, Business and Finance

  8. Mar 22, 2013 |Story| Petoskey News
  9. Fed stands by stimulus, sees stronger US economy

    WASHINGTON (AP) — The Federal Reserve isn't yet convinced that the U.S. economy's growth can accelerate without the Fed's drive to keep borrowing costs at record lows. It wants to see sustained improvement.
    WASHINGTON (AP) — The Federal Reserve isn't yet convinced that the U.S. economy's growth can accelerate without the Fed's drive to keep borrowing costs at record lows. It wants to see sustained improvement. That was the message Fed officials...

    Tags: Ben Bernanke, Stock Market, Labor Markets, Career and Workplace, Congressional Budget Office

  10. Mar 22, 2013 |Story| Los Angeles Times
  11. Cyprus scrambles to put together bailout package

    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating default.
    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...

    Tags: International Monetary Fund, Elections, Cypriot Banking Crisis (2013), Nicos Anastasiades, European Union

  12. Mar 21, 2013 |Story| Aberdeen News
  13. 10 Things to Know for Today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. OBAMA HEADS TO WEST BANK The president is meeting with Abbas about the peace process, as rockets were launched into Israel today. 2. WHAT...

    Tags: Jimmy Fallon, American Academy of Pediatrics, Chubby Checker, NBC (tv network), European Central Bank

  14. Mar 20, 2013 |Column| Orlando Sentinel
  15. The Cyprus confusion

    WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...

    Tags: International Monetary Fund, Cypriot Banking Crisis (2013), American Enterprise Institute, Federal Bailout Funds, Economy, Business and Finance

  16. Mar 20, 2013 |Story| Los Angeles Times
  17. Could tiny Cyprus trigger collapse of the Eurozone?

    It’s being marketed as a one-time tax -- a civic donation to the nation’s financial stability. But the people of Cyprus know it by another name: expropriation.
    It’s being marketed as a one-time tax -- a civic donation to the nation’s financial stability. But the people of Cyprus know it by another name: expropriation. A government plan to siphon as much as 10% from individual bank deposits to co-...

    Tags: International Monetary Fund, Elections, Cypriot Banking Crisis (2013), Nicos Anastasiades, Mario Draghi

  18. Mar 19, 2013 |Story| Los Angeles Times
  19. Cyprus seeks compromise in banking dispute

    ATHENS -- Scrambling to stave off a chaotic government default and exit from Europe’s single currency club, Cyprus’ beleaguered government on Tuesday proposed a revised plan to shield small account holders from a divisive tax on bank accounts, hoping to dampen discontent and secure vital international funding for its faltering banks.
    ATHENS -- Scrambling to stave off a chaotic government default and exit from Europe’s single currency club, Cyprus’ beleaguered government on Tuesday proposed a revised plan to shield small account holders from a divisive tax on bank accounts,...

    Tags: Elections, International Monetary Fund, Cypriot Banking Crisis (2013), Government, Nicosia (Cyprus)

  20. Mar 19, 2013 |Story| Los Angeles Times
  21. Lawmakers in Cyprus reject tax on bank accounts

    ATHENS -- Lawmakers in Cyprus on Tuesday voted against a <a>bailout plan</a> that officials had hoped would stave off a chaotic government default and keep the island republic part of Europe's single-currency system.
    ATHENS -- Lawmakers in Cyprus on Tuesday voted against a bailout plan that officials had hoped would stave off a chaotic government default and keep the island republic part of Europe's single-currency system. In a resounding rejection, not a single one...

    Tags: International Monetary Fund, Elections, Cypriot Banking Crisis (2013), Government, Politics

  22. Mar 18, 2013 |Story| Los Angeles Times
  23. Cyprus lawmakers delay emergency vote on bank-deposit tax

    ATHENS -- Lawmakers in Cyprus are scheduled to hold an emergency vote Monday on whether savers on the Mediterranean island will pay a levy of up to nearly 10% on bank deposits as part of a controversial international bailout plan that has enraged residents and sent financial markets swooning.
    This post has been updated. See the note below for details.
    ATHENS -- Lawmakers in Cyprus are scheduled to hold an emergency vote Monday on whether savers on the Mediterranean island will pay a levy of up to nearly 10% on bank deposits as part of a controversial international bailout plan that has enraged...

    Tags: Elections, Politics, European Debt Crisis, Economy, Business and Finance, Vladimir Putin

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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