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Bailing out Cyprus

As the Monday deadline looms, Cyprus leader Nicos Anastasiades still hopeful for 11th hour bailout.
1 year 1 month ago
The rash of free trade pacts Brussels is negotiating that leave Turkey out in the cold has Ankara threatening to tear up its customs agreement. Read Full Article
1 year 3 months ago
Cypriot hopes that by 2020 the island will be earning desperately needed revenue from gas exports to pay off its mountainous debt has met with scepticism from industry analysts Read Full Article
1 year 3 months ago
Cash-strapped Cyprus will fall short by at least 75 million euros ($97 million) to pay its bills this month, including government salaries and pensions, an official has warned. Read Full Article
1 year 3 months ago
Finance Minister Haris Georgiades said that leaving the eurozone would set Cyprus back and insisted the island has no "Plan B" for reneging on a 10-billion-euro bailout. Read Full Article
1 year 3 months ago
An exit from the eurozone may look tempting for Cyprus in the throes of economic collapse but it poses a high-risk option for an island economy heavily reliant on imports. Read Full Article
1 year 3 months ago
The International Monetary Fund has agreed to provide approximately one billion euros to the 10-billion-euro rescue plan for cash-strapped Cyprus. Read Full Article
1 year 3 months ago
Cyprus's new finance minister was due to be sworn in Wednesday following his predecessor's resignation. Read Full Article
1 year 3 months ago
Casinos have until now been legal only on the Turkish side of the island of Cyprus. Read Full Article
1 year 3 months ago
Big savers in Cyprus's largest bank face losses of up to 60%, far greater than originally feared under the island's controversial EU-led bailout plan. Read Full Article
1 year 3 months ago
President Nicos Anastasiades has vowed to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy. Read Full Article

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