Cyprus scrambles as ECB readies ax

Mar 23, 2013

Cyprus scrambles as ECB readies ax

The eurozone, a centerpiece of Europe’s efforts to knit its far-flung nations into a coherent whole, edged toward rupture Thursday as the European Central Bank said it was ready to pull the plug on Cyprus. The stark ultimatum came in a terse statement Thursday ...

Mar 19, 2013

Eurozone urges Cyprus to shield small savers

The eurozone told Cyprus on Monday to ditch the part of a hugely controversial €5.8 billion ($7.5 billion) grab on savings that stung even the smallest of account holders in exchange for a €10 billion sovereign bailout deal, according to a statement issued after ...

Mar 19, 2013

Cyprus president desperately seeks to stop bank run

Amid fears of a run on bank accounts in Cyprus, President Nicos Anastasiades is trying to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings. Anastasiades, in an address to the nation Sunday night, said that rejecting the ...