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  • September 23, 2014
  • Last updated: 7:33pm
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Results 1 - 10 of 11 for currency crisis

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  1. News - World - Cyprus

    Cyprus' EU bailout deal to have immediate, lasting impact

    Posted Mar 26th 2013, 12:00am by AFP

    ... Agence France-Presse in Nicosia Second biggest lender to be wound up overnight, unemployment forecast to hit 26pc within a year Bailout has immediate, lasting impact Cypriots face years of economic hardship due to a harsh euro-zone bailout deal, analysts said yesterday, while the Mediterranean island's future in the currency remains deeply uncertain. The fallout will begin ...

  2. News - World - Cyprus

    Cyprus girds for run on banks after sealing bailout

    Posted Mar 25th 2013, 09:33pm by Reuters in Nicosia

    ... single currency- a fate that Germany and other northern creditors seemed willing to inflict on a nation that accounts for just a tiny fraction of the euro economy and whose banks they believed ... to Cyprus in 2011- having rejected Nicosia’s request for easier terms in crisis talks last week. Prime Minister Dmitry Medvedev- who ranks below Putin- earlier criticised the bailout, voiced ...

  3. News - World - Cyprus

    Cyprus president has ‘guarded optimism’ over US-brokered peace deal

    Posted Feb 13th 2014, 04:27pm by Agence France-Presse in Nicosia

    ... confidence-building measures would be introduced to help the process. The resumption of talks was delayed by the euro zone debt crisis, which forced Nicosia to secure a bailout last March, plunging the already struggling country deeper into recession. Anastasiades said he had waited for the financial crisis to subside before pursuing the talks because a “country weakened financially ...

  4. News - World - Cyprus

    Cyprus baulks at painful EU bailout terms

    Posted Mar 17th 2013, 06:51pm by AFP

    ... Agence France-Presse in Nicosia Cyprus postponed an emergency debate in parliament on a controversial EU bailout on Sunday, threatening a prolonged closure of the island’s banks as MPs baulk at an unprecedented tax on savings. Fellow euro zone countries a ...

  5. Business - Economy - Cyprus

    Cyprus to reopen banks, impose capital controls

    Posted Mar 28th 2013, 01:58am by Reuters in Nicosia

    ... Banks in Cyprus open again but will limit withdrawals, ban cheques and curb the use of Cypriot credit cards abroad Cyprus reopens its banks on Thursday while limiting withdrawals, banning cheques and curbing the use of Cypriot credit cards abroad, among m ...

  6. News - World - Cyprus

    Closure fears spark run on Popular Bank in Cyprus

    Posted Mar 23rd 2013, 12:00am by AFP

    ... Agence France-Presse in Nicosia Closure fears spark run on second-largest lender Anxious Cypriots queued outside Popular Bank ATM machines to withdraw their cash as fears rose that the country's financial crisis would mean its second-largest lender closes for good. "It's all about cash now. Only a gambler will take cheques in this situation," said retired government ...

  7. News - World - Cyprus

    Cyprus approves first EU bailout measures as clock ticks

    Posted Mar 22nd 2013, 08:56pm by AFP

    ... be physical,” said one source, and “start at 5:00 pm (1600 GMT) on Sunday,” said a second, with the third confirming later that “Sunday is on. It’s definite.” As the crisis dragged on, European Union ...

  8. News - World - Cyprus

    Cypriots head to polls for new president, euro bailout in the balance

    Posted Feb 17th 2013, 03:04pm by Agence France-Presse in Nicosia

    ... the east Mediterranean island’s Greek-exposed banks and failing economy would slide into default – risking euro crisis contagion in other member states. Polls opened at 7am local time (5am GMT) ...

  9. News - World - Cyprus

    Cyprus to present redrafted bailout 'Plan B'

    Posted Mar 20th 2013, 09:51pm by Agence France-Presse

    ... as he left the presidential palace in Nicosia on Wednesday night. Anastasiades chaired a crisis meeting of his cabinet on Wednesday, and state television reported he was to present party leaders ...

  10. Business - Money - Cyprus

    Cyprus bailout deposit tax rattles global markets

    Posted Mar 18th 2013, 11:17am by Associated Press

    ... at CMC Markets. Since the European debt crisis began in late 2009, savers have been spared. But the bailout of Cyprus, agreed to early Saturday, foresees a 6.75 per cent levy on deposits below ... in the country. “Then the Cypriot banks will no longer be solvent, and Cyprus will be in a very difficult situation,” said Schaeuble, who insisted that every country involved in Europe’s debt crisis ...




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