World news about “Cyprus” published by euronews.
Tackling corporate tax avoidance set to top Brussels summit agenda Concern at aggressive tax avoidance by some of the biggest global corporations looks set to sit high on the agenda at Wednesday’s European summit in… 22/05/2013
EU bank customers to contribute to bail-ins? Bank customers across the European Union are facing the prospect of a Cyprus style bail-in if a financial institution gets into trouble. The EU’s Economic… 21/05/2013
Cyprus banking reforms praised by EU ministers Efforts by cash-strapped Cyprus to restructure its banking systems have been praised at a meeting of Eurozone finance ministers in Brussels. The island has… 14/05/2013
EU finance ministers to talk tough on austerity The finances of Greece and Cyprus are set to come under the microscope at a Eurozone finance ministers meeting. The eurogroup has to decide whether to… 13/05/2013
Rehn accuses Cyprus of ignoring warnings over its finances Cyprus has been accused ignoring early warnings over its beleaguered finances. The charge was made by Ollie Rehn at an extraordinary meeting of the European… 08/05/2013
Cyprus gets longer to repay Russian loan Russia has agreed to push back the pay-back date on a 2.5 billion euro loan it made to Cyprus two years ago. It has also reduced the interest. That money… 06/05/2013
Cyprus approves bailout – just Cyprus’s parliament has approved an EU bailout which includes provisions to impose substantial losses on richer bank depositors and wind down the island’s… 30/04/2013
How precious is gold? The price of gold fell recently to its lowest level in two years, was it due for a correction or were discussions that Cyprus could sell much of its reserves… 19/04/2013
Northern Cyprus wants to talk The crisis in Cyprus could influence timing of any new talks between the two sides. The small island nation of Cyprus has been divided for almost forty… 19/04/2013
Berlin approves Cyprus bailout Germany’s lower house of parliament has overwhelmingly agreed to Cyprus getting a 10 billion euro bailout so that it does not go bankrupt and stays in the… 18/04/2013
Cyprus to offer citizenship deal to bailout losers Cyprus is to relax its citizenship rules for foreign investors who lost at least three million euros under the country’s EU-led bailout deal. The changes will… 15/04/2013
EU helps Cyprus, Portugal and Ireland over bailouts Eurozone ministers – meeting in Dublin – have given their backing to a 10 billion euro bailout plan for Cyprus. But they will not lend any more money to… 12/04/2013
EU approves Cyprus bailout As Europe’s finance ministers arrived for a meeting in Dublin, we learned that Cyprus does need more money for its bailout but that will not come from the … 12/04/2013
Cyprus tops agenda for eurozone finance ministers meeting With the size of the messy bailout for Cyprus increasing, the island’s fiscal fate tops the agenda as the eurozone’s 17 finance ministers gather in Dublin on… 11/04/2013
Slovenian PM says things are tough, but no bailout Slovenia’s prime minister has said her country will not need an international bailout to avoid going bankrupt. Alenka Bratusek made the statement during a… 10/04/2013
Jobless Europe overshadows Cyprus problems While Cyprus has been dominating the headlines in the eurozone , the monetary union faces another longer-term problem. The jobless rate in the 17 countries… 05/04/2013
Cypriot bank workers protest over pensions threat Bank workers in Cyprus took to the streets in protest over concerns for their pensions. Public shock at last month’s collapse of Popular Bank, the… 05/04/2013
Cypriot government sees sharper economic decline The Cypriot government on Thursday said the country’s economy may shrink by 13 percent this year, far more than than the 8.7 percent initially… 04/04/2013
Central banks respond to crisis challenge Japan is the latest central bank to take dramatic measures to boost a moribund economy. The Bank of Japan’s new governor, Haruhiko Kuroda, shocked markets… 04/04/2013
Strike shuts down Cyprus banks again Workers at Cypriot banks took part in a strike on April 4. They are fearful for pensions – after the country’s two largest lenders were hit with huge losses… 04/04/2013
ECB holds rates despite Cyprus As expected, the European Central Bank has kept the cost of borrowing unchanged at a record low of 0.75 percent. ECB President Mario Draghi and his… 04/04/2013
Cypriot investigator tells euronews of financial inquiry Michael Sarris might have stepped down from the Cypriot finance ministry, but he has not stepped out of the spotlight. The now-defunct Laiki Bank, which he… 02/04/2013
Cyprus finance minister quits, capital controls partly eased Cypriot Finance Minister Michael Sarris quit on Tuesday after concluding talks with foreign lenders on a bailout that forced the island to slap unprecedented… 02/04/2013
Cyprus President under fire as blame game kicks off An investigation is being launched into Cyprus’ banking crisis and President Nicos Anastasiades said it should start at the top: with him. The President’s… 02/04/2013
Cypriot President mulls casino entry After the debt crisis that engulfed the small Mediterranean island of Cyprus comes the painful task of economic restructuring by Cypriot President Nicos… 02/04/2013
Cyprus Aid gets massive response from public Some 50 Greek and Cypriot artists rallied round to play in Nicosia on Monday in a giant aid concert. The objective was to raise money and collect essentials… 01/04/2013
Cyprus: Anastasiades takes a bet on casinos April 1 is Cyprus National Day, an anniversary to commemorate the start of the campaign against British colonial rule. But this year, an economic struggle is… 01/04/2013
Fears of social unrest and further job losses in Cyprus As Cypriots grow increasingly concerned about their finances, there are fears of potential social unrest. Bank customers now face losing up to 60 percent… 31/03/2013
Cyprus: Big depositors will lose up to 60% of savings Bank of Cyprus customers will shed up to 60 percent of savings over 100 thousand euros, it has been revealed. The island’s Central Bank confirmed the… 30/03/2013
Cash-starved Cyprus no more tax haven Finally Cypriots could get into their banks, after two weeks of locked doors. When they reopened, in spite of anger over feelings that their accounts had been… 29/03/2013
Europe Weekly: EU in a spin after Cyprus bailout The ongoing uncertainty over the bailout of the Cypriot banking system dominated the headlines again this week. Euronews took a look at how eurozone… 29/03/2013
Cyprus: Financial crisis ‘contained,’ says president The Cypriot banking system may be in turmoil, but customers appear to be remaining calm in Nicosia. The island’s banks reopened on Thursday after an almost… 29/03/2013
Cypriot cash controls set to stretch into May Authorities in Cyprus say the capital controls, in force to prevent the flow of cash from the island, look set to remain beyond the initial seven day… 29/03/2013
Cypriots return to their banks but in an ugly mood Crowds, not queues outside Cypriot banks today, but while they may be open again, it’s far from business as usual. There was a limit on how much you could… 28/03/2013
Truckloads of cash stock up Cyprus banks Ahead of the re-opening of Cypriot banks on March 28, the Central Bank of Cyprus sent private security vans packed with cash to stock them up. The European… 28/03/2013
Cyprus: banks open but no free access to money People living in Cyprus are again able to use banks on the island for the first time in two weeks as they finally reopened today. Branches are open between… 28/03/2013
Cyprus banks braced for reopening The Cypriot government has imposed tight restrictions on access to funds as the banks prepare to open for the first time in nearly two weeks. Among the… 28/03/2013
Government, banks and EU taste Cypriot wrath Anger in Cyprus is on the rise, despite a deal being reached on a bailout package for the island. As measures come into force to prevent funds leaving the… 27/03/2013
Cypriot cash controls spark protests Cypriots have congregated outside the presidential palace in Nicosia in protest, after a Greek newspaper published the draft proposals on the island’s capital… 27/03/2013
Fresh fruit and veg sales halved as Cypriots feel the squeeze No sector of the Cypriot economy is immune from the banking crisis that is eroding morale and squeezing cash out of the system. Even sales at the cheaper… 27/03/2013
Cyprus credit controls keeps cash in the country Cyprus is reportedly to limit the amount of cash individuals can take out of the country to 3,000 euros as details of the country’s capital controls… 27/03/2013
Uncertainty and frustration as Cyprus waits for banks to reopen The turmoil at banks in Cyprus is ongoing, as customers continue to wait for their reopening tomorrow. Following the resignation of the Bank of Cyprus… 27/03/2013
Cyprus shipping companies lose business as banks stay closed Businesses are feeling the strain with the closure of banks in Cyprus now in its second week. The island’s shipping industry contributes around five… 27/03/2013
Cyprus: blood boiling over the banks Protesters shouting “Troika go home!” marched though Nicosia’s old town on Tuesday calling on other citizens to join them. They were venting their anger… 27/03/2013
European markets at close: 26.03.2013 26/03/2013
Eurogroup chief under fire over Cyprus bailout Eurogroup chief Jeroen Dijsselbloem is under fire from fellow EU officials over comments he made about the Cyprus bailout deal. The Dutch Finance minister… 26/03/2013
Bank of Cyprus staff protest at Nicosia headquarters People working for the largest bank in Cyprus massed at the Nicosia headquarters in support of the bank’s chairman, who has resigned in the wake of the… 26/03/2013
Cyprus bank levy hits not only the super-rich Agreeing to a ten-billion euro bailout means that people with more than 100,000 euros in a Cypriot bank account will have some of it taken away. The… 26/03/2013
‘Troika Go Home’: angry students protest Cyprus bailout Answering a call put out on social networking site Facebook, thousands of young people in Cyprus took to the streets to protest against the bailout accepted… 26/03/2013
Bank of Cyprus chairman resignsAndreas Artemis, the 59-year-old chairman of the Management Board of the Bank of Cyprus, has submitted his resignation. Local media reported that Artemis… 26/03/2013
Cyprus banking chaos continues With banks in Cyprus closed until March 28 and restrictions in place on how much money can be transferred or withdrawn from accounts, the mood in Nicosia is… 26/03/2013
Bank re-opening delayed in Cyprus Cyprus’ banks will now remain shut until Thursday, following the island’s controversial bailout deal. Most of them had been expected to re-open today. The… 25/03/2013
President Anastasiades explains “painful” bailout decision in TV address Heralding the beginning of the bailout, Cypriot President Nicos Anastasiades addressed a nation braced for traumatic changes. The deal struck in Brussels… 25/03/2013
Cyprus: the ins and outs of the least worst option The deal Cyprus has agreed with the European Union and the International Monetary Fund to secure a 10 billion euro bailout loan includes major restructuring… 25/03/2013
Accusations fly in Cyprus bailout fallout The streets of Nicosia appear calm as the bailout fallout begins to hit home in Cyprus. Facing massive job losses and economic turmoil under the new loan… 25/03/2013
Moscow’s mixed messages over Cyprus After rejecting desperate pleas from Cyprus last week, President Vladimir Putin finally agreed to ease the terms of a 2.5 billion euros loan from Moscow… 25/03/2013
Greeks look nervously at Cyprus Today is normally a day of joyful celebration in Greece, remembering the push for independence from Turkey in 1821, with military parades and a public… 25/03/2013
Cyprus Foreign Minister defends bailout as only option to save the economy Cyprus had no choice but to accept the latest 10 billion euro bailout deal according to Foreign Minister Ioannis Kassoulides. Speaking at a ceremony… 25/03/2013
Cypriots wonder what future will hold The Cyprus bank clean-up has begun, but there is a throbbing hangover to deal with after the country’s worst crisis in nearly 40 years. It is back to the… 25/03/2013
Sarris insists ‘disaster avoided’ for Cyprus Disaster avoided for the many maybe, pain for the few for sure, and a palpable sense of relief on the podium as Cyprus’s Finance Minister promised the banks… 25/03/2013
‘Disaster avoided’ as Cyprus agrees EU bailout deal Cyprus has clinched a last minute deal with international lenders to secure a 10 billion euro bailout and avoid financial meltdown. A casualty of the… 25/03/2013
Protest amid Cyprus/Brussels talks As Cypriot politicians held talks in Brussels trying to secure a last minute bailout dozens of people in Cyprus marched in protest. The Mediterranean… 25/03/2013
Last minute bid to save Cyprus from financial collapse European finance ministers arrived in Brussels on Sunday for last-ditch talks, aimed at averting financial meltdown in Cyprus. The European Central Bank is… 24/03/2013
Cyprus seeks last minute deal in Brussels to avert crisis The President of Cyprus Nicos Anastasiades is in Brussels today to seek an 11-th hour deal to prevent the country’s financial collapse. It is a race against… 24/03/2013
Cyprus bailout talks move to Brussels Cypriot President Nicos Anastasiades will be taking part in Sunday morning bailout talks in Brussels as negotiations reach a delicate stage. Earlier… 24/03/2013
An Irish view on the banking crisis in Cyprus Not for the first time in history of the eurozone is a country paralysed by a banking crisis. In Ireland in 2007 the housing bubble burst, house prices… 24/03/2013
Cyprus closes in on EU bailout deal Cypriot leaders are in Brussels for last ditch talks to avert the country’s financial collapse. It comes after its parliament voted to restructure the… 23/03/2013
MPs approve vital measures to keep Cyprus afloat MPs in Cyprus have voted to create a ‘national solidarity fund’, to restructure the island’s banks and to give the government power to impose capital… 23/03/2013
Cyprus votes to create ‘national solidarity fund’ The Cypriot parliament has voted to create ‘national solidarity fund’ to pool state assets – as it races to find a way to raise 5.8 billion euros to secure an… 22/03/2013
Cypriots anxiously await government decision Cyprus and Europe are waiting. The financial vacuum is being filled with fear and anger. Will it be financial meltdown and a euro exit or will there be an… 22/03/2013
Cyprus time-bomb Protests in the streets and closed banks after Cyprus’s financial time-bomb exploded. The island has been asking Europe for help for some time, but the… 22/03/2013
Europe Weekly: Cyprus rejects Eurogroup plan but leaves Moscow empty-handed Cyprus is at risk of having to leave the euro after rejecting the proposal put forward by the Eurogroup. Despite two days of talks in Moscow, Russia offers no… 22/03/2013
More gloom from Germany German business morale fell in March, for the first time in five months. The Ifo economic think tank’s monthly survey of some 7,000 companies reflected… 22/03/2013
Cypriots on life without money: ‘It’s as if we’re at war’Five days after Cyprus’ panicked leaders ordered banks to close their doors, the fate of the financial system hangs in the balance and credit cards are going… 22/03/2013
Bemused Cypriots wonder what has hit them Siege mentality has gripped Cyprus, with banks closed, people on a drip feed of limited daily funds, and the looming possibility of a bank crash hanging over… 22/03/2013
Cyprus: the long weekend before Panic MondayCyprus Central Bank Governor Panicos Demetriades leaves the presidential palace in Nicosia. The European Central Bank set Cyprus a Monday deadline to agree a… 22/03/2013
Next few hours crucial for Cyprus, as bailout deadline looms With the clock ticking until the EU’s Monday deadline, the pressure is on Cyprus to find a solution to the impending meltdown of its banking system. With… 22/03/2013
Panic protests outside the Cypriot parliament Panic, anger and fear surround the Cypriot parliament – as protesters took to the streets to keep up the pressure on their politicians. The government has… 21/03/2013
Cypriots feel ‘on hold and held up’ Cypriots were almost holding their breath, their banking system like a house of cards on Thursday. They felt on the edge of a precipice, many said, having… 21/03/2013
Tough talking over Cyprus as Russia smells opportunity Russian Prime Minster Dmitry Medvedev has called for all interested parties to be involved in a deal for Cyprus. He made that statement as EU Commission… 21/03/2013
Crisis talks in Cyprus: state investment fund under discussion The Cypriot government is scrambling to find a new way to raise 5.8 billion euros to secure a10 billion euro bailout from the European Union and the… 21/03/2013
Eurozone economic downturn deepens The eurozone’s economic downturn deepened this month, even before Cyprus’ bailout troubles, according to first results from surveys of thousand of… 21/03/2013
EU admits errors over Cyprus but backs bail-in plan Jeroen Dijsselbloem, the new chairman of the Eurogroup of finance ministers, has backed the plan for a savers raid to rescue Cypriot banks, but… 21/03/2013
Moscow talks on alternative deal to prevent Cyprus going broke Talks continue in Moscow as the government of Cyprus tries to put together a deal to prevent the country’s bankruptcy by the next week. The European… 21/03/2013
Cyprus to present new bailout plan The government of Cyprus said ministers must agree a “Plan B” for funding the island’s bailout on Thursday morning. The controversial levy on the deposits… 21/03/2013
EU begins its soul searching on Cyprus The soul searching in Brussels is underway after Cyprus became the first member state to reject the conditions of EU assistance. Liberal MEP Guy Verhofstadt… 20/03/2013
Cyprus shops around for ‘best’ bailout Financial officials from Cyprus have been discussing the Mediterranean island’s money troubles in Moscow. The European Union is not comfortable with one of… 20/03/2013
Mixed European leaders reaction to Cyprus crisis European leaders have given their reaction to the rejection of the tax on credit bank accounts by the Cyprus parliament. There was a unity of feeling that… 20/03/2013
Ukraine relatively unworried by Cyprus crisis In the Cyprus banking crisis, almost all the focus has been on Russian money in account there, but Ukraine also has strong business and financial ties with… 20/03/2013
Leaders attend a flurry of meetings to sort out Cyprus crisis Every option is being considered as political and financial leaders in Cyprus rush from meeting to meeting to solve the bailout crisis. President Nicos… 20/03/2013
Cyprus: mixed reactions among islanders to bailout chaos Their savings may have been protected by last night’s parliament vote, but how do Cypriots feel, knowing their country is teetering ever-closer towards… 20/03/2013
Crisis talks underway to find plan B for Cyprus Emergency meetings are being held between political and financial leaders in Cyprus in a frantic bid to find a solution to its bailout crisis. It has been… 20/03/2013
Cyprus looks to Russia for help The Cypriot finance minister has gone to Moscow to ask the Russians for help to get through the current financial crisis. Michael Sarris reported there had… 20/03/2013
Eurozone in disarray after Cyprus rejects bank levy Cypriot ministers voted down the proposed levy on the island’s bank deposits on Tuesday, thrusting the eurozone into further difficulties. Bowing to… 20/03/2013
Greek paper claims government cronies emptied accounts to avoid Eurozone savings levy The resonating phrase of this financial crisis, “We’re all in it together”, appears just as fragile in Cyprus, where one newspaper, “Phileleftheros” has… 19/03/2013
Cyprus rejects Eurogroup’s savings levy and bailout deal The Cypriot parliament has rejected the EU/IMF bailout for the country’s banks. Support for the deal, which would have involved a one-off charge on all… 19/03/2013
Greek bank blues Greek style problems on a smaller scale led to the need for the controversial, part saver funded bailout of Cyprus’s banks. They lent out too much money to… 19/03/2013
Cyprus parliament rejects bailout conditions in vote Members of Cyprus’ parliament have voted against highly controversial plans to tax bank deposits. 36 MPs voted to reject the plan while 19 abstained. The… 19/03/2013
Cyprus bank levy backtrack underway Having been part of the EU bailout decision to tax all of Cyprus’s bank account holders – rich and poor – the International Monetary Fund has now said it… 19/03/2013
Work continues to shield Cypriot small savers Popular protests are now a regular occurrence on the streets of Greece and Spain. But there are now demonstrations outside the parliament buidling in… 19/03/2013
