The International Monetary Fund will contribute about €1bn as part of a rescue programme for Cyprus that aims to stabilise the nation’s banks and reduce public spending, said Christine Lagarde, the IMF managing director.
Thu, 04 Apr, 2013
Cyprus’s finance minister resigned yesterday after concluding a €10bn bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses.
Wed, 03 Apr, 2013
Michael Sarris, the Cypriot finance minister, sought to muffle calls for the country to weigh a precedent-setting exit from the euro to ease the economic pain inflicted by its €10bn bailout.
Wed, 27 Mar, 2013
Moscow is heavily invested in Cyprus but is in no rush to help out, writes Felix Salmon
Mon, 25 Mar, 2013
Cypriots are struggling through a sorry saga while their leaders figure out a solution, even though potential EU and Russian saviours are keeping their cards hidden. It’s a situation Europe is all too familiar with, says Kyran Fitzgerald
Sat, 23 Mar, 2013
It is still unclear who is taking charge of talks to save Cyprus. Is it Europe or Russia, asks Mike Peacock
Fri, 22 Mar, 2013
Cyprus is racing to meet an end of June deadline to pump €1.8 billion into Cyprus Popular Bank — which is heavily exposed to Greek bonds — but will struggle to attract investors, as long as the outcome of the Greek election is unclear.
Thu, 07 Jun, 2012
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