Cyprus Finance Minister and top bankers are in Moscow searching financial help after the EU proposal implying private savings levy was rejected by parliament.
WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on
So, a quick summary: The Germans don't want a Cyprus collapse / exit from the euro, but they also don't want the spectacle of German taxpayers bailing out Russian money-launderers. So what they did instead was blackmail
NICOSIA, Cyprus â€" Scrambling to placate international lenders, Cyprus late Wednesday proposed to nationalize pension funds from state-run companies and conduct an emergency bond sale to help raise the €5.8 billion the indebted country needs to
COULD A full-blown European financial crisis begin in tiny Cyprus, with a population of just more than 1 million and a gross domestic product of only $23.6 billion? The idea is only slightly stranger than the notion that this Mediterranean offshore
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