Cyprus
OpenCalais Metadata: Latitude: 
35.2251198413
OpenCalais Metadata: Longitude: 
33.6124411111
  • The European Central Bank warned that it would pull the plug on the country's banks at the start of next week if no bailout deal is agreed.

    People queue at an ATM outside a closed Laiki Bank branch in capital Nicosia, Cyprus, Thursday, March 21, 2013.
    LAST UPDATE : Mar 21, 2013, 2:00 PM EDT
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  • Cyprus' President Nicos Anastasiades center, takes part in a meeting with various party leaders and the governor of the Central Bank of Cyprus Panicos Demetriades, second right, at the Presidential Palace in Nicosia, Wednesday, March 20, 2013.

    Meeting underway at central bank to discuss an alternative plan for raising funds, but also for reducing the 5.8 billion euros that must be found domestically.

    LAST UPDATE : Mar 20, 2013, 11:44 AM EDT
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  • 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
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  • 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
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  • 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
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  • Cyprus is negotiating a bailout mostly to rescue its banks, but can only get a bailout if it is deemed to have a realistic chance at repaying the rescue loans.

    LAST UPDATE : Jan 22, 2013, 6:32 AM EST
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