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  • July 13, 2014
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Results 1 - 10 of 14 for euro

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  1. News - World - Cyprus

    Foreigners who lost 3m euros or more in Cypriot bailout to get passports

    Posted Apr 16th 2013, 12:00am by AFP

    ... than €100,000 at the Mediterranean country's two largest banks. Russians have billions of euros parked in Cyprus, with estimates ranging from €5 billion to €31 billion. Moscow was angered ...

  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 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 as a condition for a desperately needed 10-billion-euro (US$13 billion) bailout. Conservative President Nicos Anastasiades needs to get the legislation ratifying the deal through parliament before banks ...

  4. 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 ...

  5. 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 ... financial sector. Fiona Mullen, an economist specialising in Cyprus, said that while the deal had prevented an overnight exit from the euro, many Cypriot citizens would wonder if it would be better ...

  6. 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 ...

  7. 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 ...

  8. News - World - Cyprus

    Cyprus girds for run on banks after sealing bailout

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

    ... “very temporary” capital controls to stem a run on the island’s banks. Returning on Monday from fraught overnight negotiations in Brussels, President Nicos Anastasiades said the 10-billion euro ... 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 ...

  9. 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 to be debated including a tax of up to 15 per cent on bank deposits of 100,000 euros (US$129,000) and more. MPs flatly rejected the levy in slightly different form last Tuesday. Three days later, ...

  10. 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 c ...




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