All posts tagged Cyprus

  • Europe pressures Cyprus to resolve debt crisis
    March 20, 2013, by VOANews

    Europe is pressuring Cyprus to offer new solutions to the island nation’s debt crisis after its parliament overwhelmingly rejected a bailout plan sanctioned by the country’s international lenders.The European Commission, [&helli ...

  • Cyprus rejects bailout deal, bank tax
    March 19, 2013, by VOANews

    The Cypriot parliament has overwhelmingly rejected a bailout plan demanded by international lenders that would have taxed the savings accounts of depositors at the island nation’s banks. No lawmaker voted […]

  • 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 […]