Finance minister quits after investigation announced

Finance minister quits after investigation announced

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

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Cyprus banks reopen; some customers call it 'chaos'

Cyprus banks reopen; some customers call it 'chaos'

Banks in Cyprus have reopened to customers for the first time in nearly two weeks, with people now able to access their accounts, albeit with strict restrictions on transactions.

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Cyprus banks to open with €300 cash curb

Cyprus banks to open with €300 cash curb

Banks in Cyprus will open today for the first time in more than a week – with tough restrictions to prevent people from draining their accounts.

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MEP Childers: Cyprus bailout an 'incompetent mess'

MEP Childers: Cyprus bailout an 'incompetent mess'

A Labour MEP has branded the bailout deal for Cyprus an "incompetent mess" and says that it has destabilised the Eurozone.

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Bank of Cyprus sacks CEO

Bank of Cyprus sacks CEO

The chief executive of Bank of Cyprus has been sacked by the central bank governor as part of an international bailout deal.

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Cyprus making 'superhuman efforts' to open banks

Cyprus making 'superhuman efforts' to open banks

Cypriot businesses are under increasing strain to keep running after financial authorities stretched the country’s bank closure into a second week in a bid to stop depositors rushing to drain their accounts.

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Trade hit as Cyprus banks stay shut

Trade hit as Cyprus banks stay shut

Banks across Cyprus remain firmly padlocked after financial authorities extended the country’s blanket closure, fearing worried depositors will rush to drain their accounts.

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Sarris: Cyprus has avoided 'disastrous exit from eurozone'

Sarris: Cyprus has avoided 'disastrous exit from eurozone'

Cyprus has clinched a last-minute solution to imminent financial meltdown by agreeing to take up to almost half of the bank savings of the wealthiest, and avoided a disastrous exit from the eurozone, according to the country's finance minister.

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Medvedev attacks Cyprus bank deal

Medvedev attacks Cyprus bank deal

Russia’s prime minister has slammed the deal that saves Cyprus from bankruptcy but forces big losses on many bank deposits, a large chunk of which are held by Russians.

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Depositors with more than €100k in Cyprus banks may lose 40% of money

Depositors with more than €100k in Cyprus banks may lose 40% of money

Cyprus secured a €10bn package of rescue loans in tense negotiations early today, saving the country from a banking system collapse and bankruptcy.

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High-level EU meeting seeks last-minute seal on Cyprus deal

High-level EU meeting seeks last-minute seal on Cyprus deal

The European Union said today a top official will chair a high-level meeting on Cyprus in a last-ditch effort to seal a deal before finance ministers decide whether the island nation gets a €10bn bailout loan to save it from bankruptcy.

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Accounts with more than €100k in Cyprus to be hit with levy

Accounts with more than €100k in Cyprus to be hit with levy

It has been confirmed that savings accounts in Cyprus holding more than €100,000 will be hit by a controversial levy.

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Race on to complete Cyprus rescue plan

Race on to complete Cyprus rescue plan

Politicians in Cyprus are racing to complete an alternative plan to raise the funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away.

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Bills passed in Cyprus bailout bid

Bills passed in Cyprus bailout bid

Cyprus lawmakers have approved three key bills aiming to secure a broader bailout package and stave off imminent bankruptcy.

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Cyprus has next few hours 'to settle fate'

Cyprus has next few hours 'to settle fate'

Cypriot MPs are due to vote today on a raft of new measures they hope will qualify the country for a bailout package and avoid financial ruin next week. But officials in Brussels and Berlin gave no indication it would be enough.

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Cyprus politicians reject tax on bank deposits

Cyprus politicians reject tax on bank deposits

Cypriot politicians have agreed to set up an investment fund as part of a 'Plan B' to secure a bailout deal and they have ruled out a tax on bank deposits that sank an earlier deal.

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ECB gives Cyprus four days to come up with plan to avoid bankruptcy

ECB gives Cyprus four days to come up with plan to avoid bankruptcy

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.

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Cyprus seeks rescue support; ECB to hold emergency aid in place until Monday

Cyprus seeks rescue support; ECB to hold emergency aid in place until Monday

Cyprus’s president is meeting party leaders to secure their support for a revised plan to raise €5.8bn that international creditors have demanded in exchange for a larger rescue package that would prevent the country’s bankruptcy.

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Cyprus to present plan B; ECB may step in

Cyprus to present plan B; ECB may step in

Cypriot leaders are to decide today on a newly drawn-up plan aimed at securing a bailout for the near-bankrupt eurozone member, after parliament rejected a controversial tax on savings.

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Cypriot minister warns that two main banks may remain closed

Cypriot minister warns that two main banks may remain closed

A senior member of the Cypriot government is warning that the country's two biggest banks may never open again.

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Cyprus tries to produce plan B as banks remain closed

Cyprus tries to produce plan B as banks remain closed

Cyprus is trying to come up with an alternative plan to stave off bankruptcy after parliament rejected a scheme to seize up to 10% of people’s bank savings.

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Cyprus cleric offers church assets to aid country

Cyprus cleric offers church assets to aid country

The head of Cyprus’s influential Orthodox Church says he will put the church’s assets at the country’s disposal to help pull it out of a financial crisis, after politicians rejected a plan to seize up to 10% of people’s bank deposits to secure an international bailout.

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Gazprom denies offering Cyprus deal

Gazprom denies offering Cyprus deal

The Cypriot President has called an emergency meeting of party leaders in a frantic effort to put together a plan B after MPs rejected the terms of an EU bailout aimed at saving the country from bankruptcy.

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