'An Historic Opportunity': Turkish Cypriot Minister Says Reunification Deal Pending

'An Historic Opportunity': Turkish Cypriot Minister Says Reunification Deal Pending

SPIEGEL ONLINE - April 01, 2014

Negotiations to end the division of Cyprus have been ongoing for years. Now, Northern Cyprus Foreign Minister Özdil Nami tells SPIEGEL that a deal is close. And he wants Germany to help with reunification. Interview by Susanne Koelbl more... Comment ]

A Fresh Start in Europe: Is a Milder Merkel in the Cards?

A Fresh Start in Europe: Is a Milder Merkel in the Cards?

SPIEGEL ONLINE - September 24, 2013

Angela Merkel's tough-nosed euro policies have divided the Continent and earned her a reputation for coldness. Now that the election has strengthened her hand and freed her of pesky partners, she has a chance to reshape her stance. A Commentary by Stefan Kaiser more... Comment ]

Threat to Reforms: EU Criticizes Cyprus for Lack of Consultation

Threat to Reforms: EU Criticizes Cyprus for Lack of Consultation

SPIEGEL ONLINE - September 09, 2013

The European Commission has criticized Cyprus for announcing policies that will boost public spending. The country needs to consult its creditors in the future to minimize the impact of its measures on reform progress, the Commission said in a draft report. more... Comment ]

Cypriot President: Troika Conditions 'Are Stifling Our Economy'

Cypriot President: Troika Conditions 'Are Stifling Our Economy'

SPIEGEL ONLINE - June 25, 2013

Cypriot President Nicos Anastasiades, 66, discusses "unfair" and "bitter" conditions linked to his country's bailout that he says are "stifling" the economy. Despite her austerity drive, the leader says he supports German Chancellor Angela Merkel's re-election. more... Comment ]

Letter from Nicosia: Cyprus Says It Needs More Help from EU

Letter from Nicosia: Cyprus Says It Needs More Help from EU

SPIEGEL ONLINE - June 19, 2013

In a letter to euro-zone leaders, Cypriot President Nicos Anastasiades has asked that the bailout package for his country be revisited. The effects on the island nation's economy have been much greater than expected, he writes. EU leaders are "puzzled." more... Comment ]

Merkel Maligned: IMF Board Attacks Euro Crisis Management

Merkel Maligned: IMF Board Attacks Euro Crisis Management

SPIEGEL ONLINE - June 03, 2013

The EU's bailout of Cyprus has elicited unusually frank and vehement criticism from the finance experts grouped in the IMF's Executive Board. Their damning indictment at an IMF meeting in May reflects global skepticism, especially in emerging economies, about the euro zone's crisis management.  By Markus Dettmer and Christian Reiermann more... Comment ]

Insufficient Efforts: Report Faults Cyprus on Money Laundering

Insufficient Efforts: Report Faults Cyprus on Money Laundering

SPIEGEL ONLINE - May 17, 2013

A recent inquiry suggests that Cyprus isn't doing enough to combat money laundering, a precondition for obtaining a bailout package. The banks know little about their customers and are ill-equipped to identify suspicious transactions. more... Comment ]

Prospects for Peace: 'The Differences Lie Between Turkey and Cyprus'

Prospects for Peace: 'The Differences Lie Between Turkey and Cyprus'

SPIEGEL ONLINE - May 01, 2013

In a SPIEGEL ONLINE interview, Cypriot Foreign Minister Ioannis Kasoulides discusses prospects for fresh talks on a peace and reunification deal with Northern Cyprus and the growing humanitarian catastrophe in nearby Syria. more...

Divided Cyprus: Banking Crisis Awakens Hopes for Reconciliation

Divided Cyprus: Banking Crisis Awakens Hopes for Reconciliation

SPIEGEL ONLINE - May 01, 2013

The Greek half of Cyprus has been hard-hit by the banking crisis -- and now hopes are growing in the Turkish north for reconciliation. If the two populations could resolve their dispute, they could likely access large natural gas reserves estimated to be worth hundreds of billions of euros. By Ulrike Putz in Gemikonagi more... Comment ]

Broad Majority: German Parliament Approves Cyprus Bailout

Broad Majority: German Parliament Approves Cyprus Bailout

SPIEGEL ONLINE - April 18, 2013

The Bundestag, Germany's parliament, voted Thursday to approve a 10 billion euro European Union and IMF bailout for Cyprus. Legislators also voted in favor of seven-year extensions for crisis loans provided to Ireland and Portugal. more...