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  • The Italian populist’s movement helped a center-left candidate become speaker of the Senate, perhaps previewing further cooperation. Europe,Angela Merkel,Beppe Grillo,Berlin,Cyprus,Five Star,Five Star Movement,Giorgio Napolitano,Italy,Pier Luigi Bersani,Renato Schifani,Rome,Silvio Berlusconi,Matt Taylor

  • Protesters hold up their hands as they protest outside the parliament in capital Nicosia, Cyprus, Monday, March 18, 2013.

    Under a new draft bill discussed in Parliament's finance committee Tuesday, deposits below €20,000 ($25,900) would be exempt from any charge.

    LAST UPDATE : Mar 19, 2013, 6:20 AM EDT
  • BANGKOK (AP) — The price of oil slid Monday as investors grew worried about possible fallout from a plan to pay for a bailout for cash-strapped Cyprus by slapping a tax on deposits in the country's banks.

    Benchmark oil for April delivery was down 97 cents to $92.48 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 42 cents to end at $93.45 per barrel on the Nymex on Friday.

    LAST UPDATE : Mar 18, 2013, 3:44 AM EDT
  • Asian stock markets and the euro tumbled as a plan to fund a bailout for Cyprus by taxing its bank deposits raised worries it could spark an exodus of capital from fragile European economies.

    LAST UPDATE : Apr 04, 2013, 8:22 AM EDT
  • Euro zone ministers struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion) to stave off bankruptcy. Under the programme, the island’s debt should fall to 100 percent of economic output by 2020. Here are the outlines of the financial package: Nicosia will impose a 9.9 percent one-off levy on deposits above 100,000 euros in Cypriot banks… Europe,Reuters Comment
    Published Date : Mar 16, 2013, 8:08 AM EDT
  • Though the German chancellor continues to express official skepticism, Turkey’s own reforms and progress on peace talks with Kurds are keeping its European Union dreams alive. Europe,Abdullah Öcalan,Angela Merkel,Ankara,Cyprus,Erdoğan,European Union,France,Gerard Schroeder,Germany,Kurdistan Workers' Party,Recep Tayyip Erdogan,Turkey,Matt Taylor
    Published Date : Feb 25, 2013, 6:37 PM EST