• Friday
  • August 29, 2014
  • Last updated: 8:02pm
Hong Kong




Refine Your Search

Sort by

Related Keywords

Search Results

Results 1 - 10 of 14 for euro zone crisis

Search results

  1. News - World - Cyprus

    Cyprus baulks at painful EU bailout terms

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

    ... baulk at an unprecedented tax on savings. Fellow euro zone countries and international creditors imposed the deeply unpopular levy of up to 9.9 per cent on all deposits in the island’s banks ... zone and International Monetary Fund early on Saturday after about 10 hours of talks in Brussels, is significantly less than the 17 billion euros Cyprus had initially sought. Most ...

  2. 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) ...

  3. News - World - Cyprus

    Cyprus' EU bailout deal to have immediate, lasting impact

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

    ... 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 ... standard of living will take at least 10 years to return," he told state radio. A Cypriot government spokesman insisted yesterday the deal had prevented a "disorderly" euro-zone exit ...

  4. News - World - Cyprus

    Cyprus girds for run on banks after sealing bailout

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

    ... had suffered fatal hubris. Backed by euro zone finance ministers, the plan will wind down the largely state-owned Popular Bank and shift deposits under 100,000 euros to the Bank of Cyprus ... senior bondholders in Laiki would be wiped out and those in Bank of Cyprus would have to make a contribution- setting a precedent for the euro zone. Dijsselbloem’s comments on the need ...

  5. Business - Economy - Cyprus

    Cyprus to reopen banks, impose capital controls

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

    ... would be allowed to withdraw no more than 300 euros (US$380) a day. Yiangos Demetriou, head of internal audit at the Central Bank, said on state television that the controls would allow unlimited use of credit cards within Cyprus, but set a limit of 5,000 euros per month abroad. He said the measures would last four days but could be reviewed. Other details of the controls had yet ...

  6. News - World - Cyprus

    Cyprus approves first EU bailout measures as clock ticks

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

    ... to rescue an EU bailout ahead of a Monday deadline. But with the clock ticking down to a crunch Sunday evening meeting with euro zone finance ministers, more contentious issues remained ... demonstrated outside parliament through the day. EU sources have said the bloc is ready to eject Cyprus from the euro zone to prevent contagion of other debt-hit members such as Greece, Spain ...

  7. 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 ...

  8. Business - Economy - Cyprus

    Cyprus bailout cost jumps in threat to teetering economy

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

    ... euros to 10.6 billion euros.” Cyprus is already in recession, with unemployment at around 15 per cent and expected to grow sharply this year and next. The euro zone Cyprus assessment ... 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 ...

  9. News - World - Cyprus

    Cyprus to present redrafted bailout 'Plan B'

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

    ... for the near-bankrupt euro zone member must be made on Thursday, the official CNA news agency reported. “A decision on a Cyprus rescue must be made on Thursday at the latest,” CNA quoted Anastasiades as saying 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. 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 ...




SCMP.com Account