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...
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... [ Forum ]
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...
SPIEGEL ONLINE
- April 15, 2013
After being forced to impose a levy on bank deposits above 100,000 euros under the terms of its bailout, Cyprus is looking for ways to preserve the country's attractiveness to foreign investors. The government may soon offer EU citizenship to Russians hit by the one-time tax. more...
SPIEGEL ONLINE
- April 12, 2013
Euro-zone finance ministers are set to agree on a bailout package for Cyprus on Friday, but news this week that the country will need to raise an additional 5.5 billion euros has raised new questions. Germany's parliament is likely to approve the aid, but many are calling for conditions to be imposed. more... [ Forum ]
SPIEGEL ONLINE
- April 03, 2013
The euro-zone bailout of Cyprus exposed deep divides within Europe and also brought back the specter of the euro crisis. In addition to harming the island nation's economy, errors made in negotiating the deal will ultimately be a setback to strategic EU interests as well. A Commentary by Jeffrey Stacey more... [ Forum ]
SPIEGEL ONLINE
- April 02, 2013
Cypriots are paying a high price for the collapse of their banking system. A leading lawyer, a real estate broker and a bar owner have already begun the process of searching for a future -- for themselves, their companies and their country. By Ralf Hoppe more... [ Forum ]
SPIEGEL ONLINE
- April 01, 2013
Several Cypriot companies were allegedly able to move millions out of the country ahead of tight capital restrictions imposed as part of the recent bailout. President Anastasiades has been accused of passing on insider information to relatives to help them avoid losses. By Georgios Christidis in Thessaloniki more... [ Forum ]
SPIEGEL ONLINE
- April 01, 2013
Should the Cypriot bailout become a model for the future? The mere suggestion sent markets tumbling last week. But increasing numbers of European politicians would like to see bank shareholders and investors bear a greater share of crisis risk. The EU may be changing its strategy. By SPIEGEL Staff
more... [ Forum ]
SPIEGEL ONLINE
- March 29, 2013
In Luxembourg, leaders are warning that applying the Cypriot bailout model -- a levy on bank deposits -- to other crisis-plagued countries could lead to a flight of investors from Europe. But the EU is considering the option anyway. more...
