Euro begins to crash, Eurozone now considering a Negative Deposit Rate of -0.1%
ECB is reportedly considering a negative deposit rate, meaning eurozone lenders would have to pay the ECB to deposit money with it. <!-- remove the...
EU getting ready to destroy the banks yet again?
Draghi: 'please don’t destroy Europe’s banks yet again' By Ambrose Evans-Pritchard Economics Last updated: October 22nd, 2013 El Pais has obtained the devastating letter by...
Brussels fears European ‘industrial massacre’ sparked by energy costs
Europe's industry is being ravaged by exorbitant energy costs and an over-valued euro, blighting efforts to reverse years of global manufacturing decline. Mr Tajani warned...
Ex Cyprus president walks out on public enquiry
Friday, 23 August 2013 Former Cyprus president Demetris Christofias walked out of a public enquiry into the causes of the island's financial crisis Thursday,...
Bank of Cyprus cuts deposits over 100K-euro by 47.5%
29 July, 16:49 (ANSAmed) - NICOSIA, JULY 29 - The Cypriot government on Monday announced depositors at the country's biggest lender will lose 47.5% of...
Greece: 2,000 public high school teachers laid off / Next School guards, then city police
60.6% of Greeks in favor of drastic public sector cuts ? (ANSAmed) - ATHENS - A first wave of 2,000 technical public high school...
France ends Austerity measures
Tuesday, 07 May 2013 Finance Minister Pierre Moscovici says French austerity measures are at an end, instead opting for growth. This further complicates the...
Charities, insurers to be included in Cyprus bail-in: 27.5% of Savings will be taken violating previous arrangement
Mon, 22 Apr 2013 04:22 GMT Reuters NICOSIA, April 22 (Reuters) - Cypriot insurance companies and charity organisations will be affected by a bail-in on...
Cyprus bail-out vote stirs fresh jitters as slump fears grow in Europe
Cyprus has stunned EU officials by ordering a vote in its parliament on the terms of the EU-IMF Troika bailout for the country, risking a...
What Exactly Is Inside Cypriot Banks? / Almost all Money
[youtube http://www.youtube.com/watch?v=i9lwSyU4FLg] Published on Mar 27, 2013 March 27 (Bloomberg) -- On today's "Single Best Chart," Scarlet Fu looks at assets inside Cypriot banks. She...
‘Risk of a euro exit by Cyprus is substantial’ – Moody’s
Moody's Photo: EPA After a disastrous bailout of the Cypriot banking system, one of the world’s top rating agencies downgraded the sovereign rating of Cyprus....
World’s first bitcoin ATM in Cyprus?
By Poly PantelidesPublished on March 28, 2013 AN ENTREPRENEUR has announced he is keen to introduce in Cyprus the world’s first ATM for virtual...
Cyprus bank controls to last a month, minister says
EEV: Real News from Cyprus has become difficult to obtain. Search engines seem to have been re-prioritized for unknown reasons. * For those looking for...
Money was already fleeing Cyprus while president fumbled bailout/ Bank of Cyprus — have units in London which remained open throughout the week and placed no limits on withdrawals
Annika Breidthardt, Luke Baker and Michele Kambas, Reuters | 13/03/26 | Last Updated: 13/03/26 1:26 PM ET More from Reuters Getty ImagesPeople withdraw money from...
IMF/EU will steal €100m from the Church
Church says it will lose €100m Published on March 26, 2013 The Church stands to lose more than 100 million euros in the bailout...
Presidential anger leads to ashtray jibe: IMF Suggested a 60% Levy on Savings
Published on March 26, 2013 SOURCES with access to the Presidential Palace have confirmed that President Nicos Anastasiades at one stage did threaten to resign...
EU in “denial” that sick economy costs lives, health experts say
Wed, 27 Mar 2013 00:01 GMT Reuters * Financial crisis takes heavy toll on health, experts say * Austerity drive blamed for shredding social safety...
Cyprus bank restructuring deal should be considered a template for the rest of the single currency bloc
Dutch Finance Minister and President of the Eurogroup Council Jeroen Dijsselbloem gestures during a joint press conference after a Eurogroup Council meeting at EU...
Cyprus bailout: Kremlin ‘could punish Europe’ in reprisal for bank levy
Fears mount that Russia could act against European companies if charge on deposits hits €30bn Russian investments Helena Smith in Nicosia, Simon Goodley and...