• Thursday
  • September 18, 2014
  • Last updated: 12:04am
Hong Kong




Refine Your Search

Sort by

Related Keywords

Search Results

Results 1 - 10 of 10 for economy of europe

Search results

  1. Business - Economy - Cyprus

    Cyprus bailout cost jumps in threat to teetering economy

    Posted Apr 12th 2013, 01:56am by AFP

    ... Agence France-Presse in Nicosia Cyprus confirmed on Thursday that the cost of its EU-IMF bailout has surged to 23 billion euros (US$30 billion) from 17.5 billion euros, putting the already teetering economy in danger of collapse and further endangering large bank depositors. “It’s a fact the memorandum of November talked about 17.5 billion euros in financing needs. And it has emerged ...

  2. Business - Money - Cyprus

    Cyprus bailout deposit tax rattles global markets

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

    ... was a significant policy shift that has stoked fears of bank runs in other troubled European economies. Cyprus residents already emptied virtually all ATMs on the island in a weekend bank run. “If European ... an analyst at RBC Capital Markets. The prospect of further uncertainty weighed on markets. In Europe, the FTSE 100 index of leading British shares was down 0.7 per cent at 6,447 while Germany’s DAX ...

  3. News - World - Cyprus

    Cyprus girds for run on banks after sealing bailout

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

    ... more disruption to the economy. Without an agreement by the end of Monday, Cyprus had faced certain banking collapse and risked becoming the first country to be pushed out of the European 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 ...

  4. News - World - Cyprus

    Cyprus' EU bailout deal to have immediate, lasting impact

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

    ... days," she said. The longer term was even more bleak, with the economy likely to suffer its biggest blow since the 1974 invasion of northern Cyprus by Turkey, Mullen warned. "Let's say ... of the bailout could last up to a decade. "Cyprus has suffered a big hit, and our standard of living will spiral downward, although the economy may be able to recover in two to three years, our ...

  5. Business - Economy - Cyprus

    Cyprus to reopen banks, impose capital controls

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

    ... seven days. These are permanent controls until the economy recovers Bob Lyddon, General Secretary of the international banking association IBOS European leaders said the bailout deal averted ... until the economy recovers. ...

  6. News - World - Cyprus

    Chinese buy property in Cyprus to gain EU permanent residence

    Posted Feb 08th 2013, 12:00am by GDN

    ... in southern Europe, has been stricken by the euro-zone crisis. Property prices in Cyprus have fallen by around 15 per cent since 2007. Yet an official survey published last month found that between ... a young client at a Beijing property firm, is relishing the prospect. "A house in Cyprus means travelling freely in Europe, which is great for young people," she says. And not just ...

  7. News - World - Cyprus

    Cyprus in ‘superhuman effort’ to reopen banks

    Posted Mar 26th 2013, 10:59pm by Agence France-Presse

    ... The Cyprus bailout has stirred up fears among other struggling economies following Dijsselbloem’s comments and stocks in Greece and Spain, two other indebted euro-zone economies, both fell sharply ...

  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 baulks at painful EU bailout terms

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

    ... bailout through the Bundestag without a haircut on bank deposits,” Vassiliou told state television from Berlin. “Reducing bank savings is an unjust measure but the economy is saved and we stay ...

  10. News - World - Cyprus

    Cyprus approves first EU bailout measures as clock ticks

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

    ... its economy. The emergency session, which did not begin until 10.30pm local time, came after restive crowds, mostly bank employees anxious that their employers not be sacrificed in the deal, ...



SCMP.com Account