Cyprus news and stories by mail.com

Cyprus

Cyprus allows limited bank-to-bank money transfers
Cyprus' finance ministry further loosened restrictions on access to accounts in the debt-ridden country's two biggest lenders on Friday by allowing ...
Cyprus bank workers to protest looming job cuts
Bank employees in Cyprus will walk off the job for two hours and march toward parliament to protest against looming job and benefit cuts being taken ...
IMF agrees to its part of Cypriot bailout
The International Monetary Fund said Wednesday it will contribute 1 billion euros to an overall financial rescue package of 10 billion euros ($12.
ECB to face Cyprus questions at rate meeting
European Central Bank President Mario Draghi will try Thursday to reassure markets that Cyprus's chaotic bail-out won't worsen the euro currency ...
AP Essay: My Cyprus, changed forever
Nicosia, Cyprus, 1973: Riding with my parents and two elder siblings in a taxi, the kind of large Mercedes favored in the Middle East. The driver ...
Cypriot finance minister resigns amid crisis probe
Finance minister Michalis Sarris resigned Tuesday after less than five weeks in the job, as the government begins an investigation into how the ...
Euro area unemployment at record 12 percent
The eurozone economy has passed another bleak milestone. Official figures Tuesday showed that unemployment across the 17 European Union countries that ...
Turkish Cypriots: Solidarity tinged with relief
Barbed wire-topped walls stretch across the narrow, twisted streets of Nicosia's walled medieval city, where abandoned buildings extend across a ...
Cyprus appoints judges to probe economic crash
Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt. President Nicos ...
Cyprus gains more time to achieve surplus
Cyprus has been granted an extra year — until 2017 — to achieve a targeted budget surplus of 4 percent as part of bailout negotiations with ...
Bank of Cyprus big savers to lose up to 60 percent
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue ...
Little Cyprus thumbs its nose at EU 'bullies'
The moment word broke that Cypriot lawmakers in Parliament had voted down a bailout deal that would have raided everyone's savings to prop up a ...
No restrictions on local Cyprus card transactions
Cyprus' central bank tried to kickstart spending in a country left reeling by a 10-day bank closure and financial near-collapse by telling Cypriots ...
Israel faces geopolitical tangle with natural gas
Recent discoveries of massive offshore natural gas deposits, set to begin flowing in the coming days, are turning into a mixed blessing for Israel.
President urges Cyprus to 'share the burden'
Cyprus's president called on the country to "share the burden" of solving its financial crisis Friday as banks opened for normal business for the ...
Cyprus looks to its past for economic reboot
As it grapples with the prospect of years of economic pain, Cyprus will try to draw strength from its not-so-distant experience of invasion — and the ...
Cypriots anxious as banks reopen with limits
Anxious Cypriots patiently waited in long lines to get at their accounts on Thursday after banks opened for the first time in nearly two weeks, ...
Cyprus: cash withdrawals capped at 300 euros
Banks in Cyprus are to open for the first time in more than a week on Thursday, operating for six hours from noon (10:00 GMT), but restrictions will ...
Turkish Cypriots: Crisis could delay settlement
Cyprus' financial woes may further delay prospects for a settlement to the island's nearly 40-year ethnic division, the leader of the breakaway ...
ECB, Eurogroup at odds over Cyprus rescue as model
Europe's leading institutions clashed in a rare sign of public discord Tuesday over what shape future financial rescues will take following the ...
Cyprus businesses hurt as banks stay shut
Cypriot businesses were under increasing strain to keep running on Tuesday after financial authorities stretched the country's bank closure into a ...
Piraeus to pay $678 million for Cypriot bank units
Greece's Piraeus Bank reached an agreement Tuesday to buy the Greek operations of three Cypriot banks for 524 million euros ($678 million), as stock ...
Cyprus' banks to remain closed until Thursday
Cyprus ordered banks to remain closed for two more days over fears of a run by customers trying to get their money out, after striking a pre-dawn ...
US stocks fall on broad concern about Europe
Stocks reversed an early rise on Wall Street Monday as traders returned to worrying about the European economy. Optimism about a deal to prevent ...
Top EU official: Cyprus bank rescue new template
Inflicting losses on banks' shareholders, bondholders and even large depositors should become the 17-country eurozone's default approach for dealing ...