All posts tagged Cyprus

  • Cyprus banks to remain closed until March 21
    March 19, 2013, by VOANews

    Cyprus banks will remain closed until Thursday to prevent a run on accounts as the Mediterranean island nation considers imposing a first-ever bank deposit tax. The proposed bank levy has […]

  • Cyprus in turmoil over bailout deal
    March 18, 2013, by VOANews

    Residents of Cyprus are angry their bank deposits are subject to a one-time tax levy as part of a bailout deal for the cash-strapped island. Eurozone finance ministers and the […]

  • Cyprus secures bailout from euro zone, IMF
    March 16, 2013, by VOANews

    Eurozone finance ministers and the International Monetary Fund have struck a deal to give cash-strapped Cyprus a bailout worth $13 billion to avoid bankruptcy. The deal was agreed upon early […]