Clik here to view.
Cyprus: cash, security control for banks reopening
NICOSIA, Cyprus (AP) — Cyprus will impose limits on money transfers and dispatch extra security guards to prepare for Thursday’s reopening of the banks, which have been shut for almost two weeks to...
View ArticleClik here to view.
Cyprus banks open after 12-day lockdown
Stiff transaction restrictions in place as Cypriots to gain access to bank accounts after closure due to bailout talks. Cyprus banks open after 12-day lockdown
View ArticleClik here to view.
Cyprus Postmortems: Economic Depression is the “New Normal”
Solutions worse than problems don’t resolve them. Cypriots face protracted hard times. Former IMF chief economist Michael Mussa explained three kinds of crises: liquidity, solvency and stupidity....
View ArticleClik here to view.
Cyprus tells its citizens how much money they can spend
Cyprus will be detached from the eurozone today as its government scrambles to stop money flooding out of the country. The Cypriot Central Bank last night announced a series of capital control...
View ArticleClik here to view.
Rest easy, Spain: Your money’s safe in a mattress safe
Europeans have tossed and turned at night since the continent’s sovereign debt crisis began three years ago. Right now it’s the Cypriots, surprised earlier this month by an announcement that some...
View ArticleClik here to view.
Cyprus banks reopen with transaction restrictions
Banks in Cyprus reopened to customers for the first time in nearly two weeks today, albeit with strict restrictions on transactions, after being closed to prevent people withdrawing all their savings...
View ArticleClik here to view.
Cyprus banks open for 2nd day amid tight controls
Banks in Cyprus are open for normal business for the second day, but with strict restrictions on how much money their clients can access, after being shut for nearly two weeks to prevent people from...
View ArticleClik here to view.
UK 2013: 4,000 queue in the hope of getting a job at a new shopping centre
Thousands of jobseekers gathered in the hope of securing employment at a new £84million shopping centre in Hampshire. Queues formed two hours before it started. UK 2013: 4,000 queue in the hope of...
View ArticleClik here to view.
Cyprus details heavy losses for major bank customers
By Karolina Tagaris NICOSIA (Reuters) – Major depositors in Cyprus’s biggest bank will lose around 60 percent of savings over 100,000 euros, its central bank confirmed on Saturday, sharpening the terms...
View ArticleClik here to view.
Bank of Cyprus big savers to lose up to 60%
A Central Bank official and a senior finance ministry technocrat says Bank of Cyprus savers with over €100,000 could take losses of up to 60 per cent. Bank of Cyprus big savers to lose up to 60%
View ArticleClik here to view.
Caught In The Cyprus Financial Crossfire: Small Businesses Suddenly With Zero...
One of the prevailing false conventional wisdoms about the Cypriot cash confiscation is that it primarily affected rich, tax-evading individuals of Russian origin. Alas, those same individuals are...
View ArticleClik here to view.
‘It’s robbery!’ New Cyprus bombshell as Britons are told they may lose...
British expats in Cyprus face a near-total wipe-out of any deposits over £85,000 as the full nightmare of the stricken island’s EU bailout became clear yesterday. Although it was known that the...
View ArticleClik here to view.
Unemployment in Euro Zone Reaches a Record High
PARIS — Unemployment in the euro zone rose to yet another record high in the first two months of the year, official data showed Tuesday, providing confirmation that the economy remains in a deep...
View ArticleClik here to view.
‘Lost generation’ fears for Europe’s youth as unemployment soars across...
New figures show that, for the first time since the single currency was created in 1999, the unemployment rate hit 12 per cent – compared with 7.7 per cent in Britain. ‘Lost generation’ fears for...
View ArticleClik here to view.
Bulgaria prays to end suicides
Bulgaria begins three days of special prayers requested by the country’s president because of national pessimism and a spate of suicides. The move comes after seven people set themselves on fire,...
View ArticleClik here to view.
Greece unemployment hits record high
New data shows that over 27 percent of Greeks are jobless, a rate that has tripled since debt crisis struck in 2009. Greece’s unemployment rate reached a new record of 27.2 percent in January, new...
View ArticleClik here to view.
Thousands attend anti-austerity protest in Dublin
Anti-austerity and property tax protesters have claimed the campaign against household charges is set to become more determined and militant in the coming weeks. Many of the estimated crowd of 5,000...
View ArticleClik here to view.
More Children in Greece Start to Go Hungry
Greece’s economic free-fall is reshaping the lives of families with children, many of whom arrive at school hungry, underfed or even malnourished. As an elementary-school principal, Leonidas Nikas is...
View ArticleClik here to view.
Greece launches manhunt after 200 immigrant farmworkers are shot at and...
The increasing severity of racist attacks in Greece is under renewed scrutiny after immigrant farmworkers in the west of the country were shot and wounded for demanding their back pay. Greece...
View ArticleClik here to view.
This Is the Reality of Austerity: Greek Children Are Starving
It’s not fair to blame Rogoff and Reinhart for the austerity craze that has gripped Europe. It is fair to say that their presentation of flawed data about the last half-century of growth and debt was...
View Article
