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Cyprus Expected To OK Bailout Deal

Cyprus’ lawmakers are voting April 30 on a bailout agreement aimed at preventing the country from going bankrupt that includes 10 billion euros ($13 billion) from international lenders but requires the government to find savings and revenue-raisers of another...

Anastasiades Wants More EU Aid For Cyprus

Rocked by news that he needs to find a way to generate another 6 billion euros ($7.8 billion) on top of 7 billion euros ($9.19) to trigger an international bailout, Cypriot  President Nicos Anastasiades said he’s going to ask...

Facing Austerity, Anastasiades Mulls Coalition

Still feeling the heat for approving a plan to confiscate up to 80 percent of big bank deposits in return for a 10 billion euros ($13 billion) international bailout, new Cypriot President Nicos Anastasiades said he is considering asking...

Anastasiades Says Cyprus Bank Probe Next

With fury in Cyprus that large account holders in the country's banks could face 80-100 percent losses and see their money confiscated by the government to meet demands of international lenders and trigger a 10 billion euros ($13 billion)...

While Anastasiades Fiddled, Money Fled Cyprus

Delays and indecision by newly-elected Cypriot President Nicos Anastasiades' government allowed a huge outflow of cash from the island's banks even though they were closed and limits were placed on most withdrawals, the news agency Reuters reported. In banknotes at...

Chrysostomos Urges Russians To Stay In Cyprus

Ahead of a deal in which Cyprus’ government agreed to confiscate up to 30 percent or more of bank deposits over 100,000 euros, Archbishop of Cyprus Chrysostomos said he would plead with Russian investors who hold more than $25...

Anastasiades Wins Round One In Cyprus

Right-wing leader Nicos Anastasiades won the Cyprus Presidential election balloting on Feb. 17, but without the 50 percent majority he needed to claim the office outright and will face the Communist-backed Stavros Malas in a run-off. The two were vying...

Schaeuble Will Meet Tsipras in Berlin

Alexis Tsipras, leader of Greece’s major opposition party Coalition of the Radical Left (SYRIZA) is scheduled to meet German Finance Minister Wolfgang Schaeuble on Jan. 14, officials said. Scheuble, after conferring with the Greek government, agreed to meet Tsipras,...

Boutaris The Turk, Ataturk's Brother

The beginning of the end of the Ottoman Occupation of Greece in 1821, which gave birth to the modern Greek state, and the fall of Smyrna in Asia Minor a century later in 1922 were the bookends for revolutions...

Cyprus Bailout Boon for Rich Russians

An international bailout of as much as $12.83 billion for Cyprus to prop up its banks pushed to the edge of insolvency by exposure to devalued Greek bonds, could wind up benefiting Russian oligarchs, wealthy business executives and gangsters...