Cyprus' finance minister Michalis Sarris has resigned after an investigation was announced into how the country ended up nearly bankrupt.

Cyprus averted panic withdrawals as banks opened yesterday for the first time in almost two weeks, with government controls on access to cash leading to orderly lines rather than runs on deposits.

Unlike the difficulties Cyprus encountered when trying to levy bank deposits, our Government’s raid on pension funds here was carried out almost without incident, writes Joe Brennan

The other day, a European politician suggested the integrity of the euro was being called into question by the troika’s response to the crisis in Cyprus.

Cypriot state media is reporting that the chairman of the Bank of Cyprus has resigned over the country's bailout deal.

Cyprus and its international creditors have agreed on the key elements of an agreement that paves the way for the nation to receive a €10 billion bailout.

Moscow is heavily invested in Cyprus but is in no rush to help out, writes Felix Salmon

MPs in Cyprus are expected to vote on a new proposal to radically restructure the island's banking sector, as it teeters on the brink of financial collapse.

Cyprus has four days to agree on a new plan to raise funds to avoid bankruptcy after 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.