Moody’s Photo: EPA After a disastrous bailout of the Cypriot banking system, one of the world’s top rating agencies downgraded the sovereign rating of Cyprus. One of the concerns cited by Moody’s is the possibility of Cyprus leaving the eurozone…. Read More ›
EU Erosion
Luxembourg is the next Cyprus
Jean Asselborn, Minister for Foreign Affairs and Immigration of Luxemburg Photo: EPA The offshore countries of the European Union are gripped by fear. No one wants to repeat the fate of Cyprus but it seems that the European authorities are… Read More ›
World’s first bitcoin ATM in Cyprus?
By Poly PantelidesPublished on March 28, 2013 AN ENTREPRENEUR has announced he is keen to introduce in Cyprus the world’s first ATM for virtual currency, bitcoin, which is not regulated by a central bank but has instead been growing… Read More ›
Cyprus bank controls to last a month, minister says
EEV: Real News from Cyprus has become difficult to obtain. Search engines seem to have been re-prioritized for unknown reasons. * For those looking for accurate news from Cyprus, I recommend http://www.cyprus-mail.com/ – . Customers queue up outside… Read More ›
Defiant EU demands extra £9.5b to cover its budget
The European Union has defied Britain’s attempts to control its spending by demanding an extra £9.5 billion to tide it over until the end of the year. Members of the European Parliament Photo: AFP By Bruno Waterfield, Brussels 1:13PM… Read More ›
Money was already fleeing Cyprus while president fumbled bailout/ Bank of Cyprus — have units in London which remained open throughout the week and placed no limits on withdrawals
Annika Breidthardt, Luke Baker and Michele Kambas, Reuters | 13/03/26 | Last Updated: 13/03/26 1:26 PM ET More from Reuters Getty ImagesPeople withdraw money from Bank of Cyprus ATM’s while employees gather outside the bank’s headquarters in Athens Friday. BRUSSELS/NICOSIA… Read More ›
IMF/EU will steal €100m from the Church
Church says it will lose €100m Published on March 26, 2013 The Church stands to lose more than 100 million euros in the bailout deal reached with international creditors early Monday, its leader Archbishop Chrysostomos said. “The capital owned… Read More ›
Presidential anger leads to ashtray jibe: IMF Suggested a 60% Levy on Savings
Published on March 26, 2013 SOURCES with access to the Presidential Palace have confirmed that President Nicos Anastasiades at one stage did threaten to resign during tense negotiations with international lenders on Monday morning. Initial reports had Anastasiades telling International… Read More ›
EU Chief: Stealing from Bank Savings Accounts in Spain, Italy is next
Tuesday, 26 March 2013 Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced. The new policy will alarm hundreds… Read More ›
EU in “denial” that sick economy costs lives, health experts say
Wed, 27 Mar 2013 00:01 GMT Reuters * Financial crisis takes heavy toll on health, experts say * Austerity drive blamed for shredding social safety nets * Iceland shows alternative way as health standards hold up By Ben Hirschler LONDON,… Read More ›
Russian businessmen succeeded in getting their money out of Cyprus before the Levy
Russian oligarchs have outsmarted the EU © Flickr.com/ranil/cc-by-nc-sa 3.0 Judging by the russophobic rhetoric of the European authorities and the European media, the rationale behind the artificially created Cypriot crisis was to expropriate the money from “Russian accounts” held in… Read More ›
Three quarters of a million Britons living in Europe could see their savings raided to help save the European Union’s single currency following the Cyprus debt crisis.
British expats in Cyprus face eurozone raids on their savings By Bruno Waterfield, in Brussels 9:43PM GMT 25 Mar 2013 A senior eurozone figure on Monday suggested the plan to save Cyprus could serve as a template for rescuing… Read More ›
Nicholas Papadopolous, chairman of the Cypriot parliament’s finance committee, said “They wanted to send a message that the Cypriot economy ought to be destroyed”
Russians aware Germany is stealing their money in Cyprus PDF Print E-mail Monday, 25 March 2013 Russia clashed with Germany today over a €10 billion bailout to rescue Cyprus from bankruptcy and stop a wider economic crisis. Russian Prime Minister Dmitry… Read More ›
Cyprus deal is model for future bailouts says top European official as banks are told to open
EEV: Second confirmation on the EU’s statements The deal will see investors with more than €100,000 in the nation’s largest banks forfeit a large chunk of their deposits Rob Williams Monday, 25 March 2013 A top European official… Read More ›
Cyprus bank restructuring deal should be considered a template for the rest of the single currency bloc
Dutch Finance Minister and President of the Eurogroup Council Jeroen Dijsselbloem gestures during a joint press conference after a Eurogroup Council meeting at EU headquarters in Brussels on March 25, 2013. Photo: AFP Head of the Eurogroup of eurozone finance… Read More ›
TIMELINE: Bailout deal reached Cyprus: May take as much as 40 per cent
TIMELINE: Bailout deal reached Published on March 24, 2013 President Nicos Anastasiades in Brussels UPDATED 2.58am Cyprus and international lenders reached a draft deal in the early hours of this morning, which had to be approved by the… Read More ›
THOSE responsible for the sorry state of the economy should be put on trial, Archbishop Chrysostomos II said yesterday
Archbishop: those who are to blame should be put on trial By Poly Pantelides Published on March 24, 2013 Cypriots light candles in Church yesterday THOSE responsible for the sorry state of the economy should be put on… Read More ›
Cyprus, Troika agree to 20% tax on deposits over 100,000 euros at Bank of Cyprus
EEV: Need 2n confirmation. This is the first story in Published time: March 23, 2013 18:31 Edited time: March 23, 2013 19:20 Bank workers shout slogans during a protest outside Cyprus presidential palace in Nicosia on March 23,… Read More ›
Tense in Cyprus, National Guard burns German Flags
Friday, 22 March 2013 Cypriot national guard soldiers have removed German flags from two building and burn them. The buildings housed German soldiers who are engaged in UN peace mission in Lebanon. Bank employees are protesting in Nicosia, earlier in… Read More ›
Cyprus considers taxing a quarter of big deposits at largest bank as president prepares to fly to Brussels to discuss eurozone bailout
Finance minister says ‘significat progress’ is being made with proposals expected as early as this evening Charlotte McDonald-Gibson, Nathalie Savaricas, Steve Anderson Saturday, 23 March 2013 Cyprus MPs are looking at seizing up to a quarter of the value of… Read More ›
Europeans set up financial blockade of Cyprus
Photo: EPA Jacques Sapir, PhD in economics, head of the Center for Studies of the Modes of Industrialization at the French Institute of Social Sciences, one of the leading French specialists in the area of defense economics, a specialist on… Read More ›
Cyprus allows capital controls, creates “solidarity fund”
Photo: EPA Cyprus MPs approved a bill Friday night, granting the government the right to restrict withdrawals from bank accounts in exceptional cases. The parliament in Cyprus also approved a “national solidarity fund” to help the state raise the necessary… Read More ›
EuroGroup insists Cyprus must tax deposits
Photo: EPA The EuroGroup has rejected the Cypriot plan to raise billions of euros for addressing debt problems by nationalizing pension funds and issuing bonds backed by the promise of massive oil and gas profits. 0Reports say it continues to… Read More ›
What if the real reason behind the whole Cyprus crisis is the desire to confiscate the country’s gold?
Could Cyprus’s gold reserves play a part in the crisis? Photo: RIA Novosti The Cyprus bailout proposal made by the Eurogroup is both economically and politically absurd. But what if the real reason behind the whole Cyprus crisis is the… Read More ›
Cyprus banks will not resume operation until Marсh 26
Photo: EPA Banks in debt-hit Cyprus will stay closed until at least Tuesday, a Central Bank official told AFP, after the authority issued a decree stating banks will not open their doors on Thursday and Friday. With Monday a scheduled… Read More ›
Cyprus rejects bailout deal leaving eurozone facing fresh crisis: May get Loan From Russia
Cash-strapped nation expected to seek funding lifeline from Russia after dramatic no vote in country’s parliament Angelique Chrisafis in Nicosia and Jill Treanor The Guardian, Tuesday 19 March 2013 A Cypriot protester outside the country’s parliament after hearing… Read More ›
New Zealand planning account seizures?
Tuesday, 19 March 2013 The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today. Open Bank… Read More ›
New EU Plan: Steal Bank Accounts from people
Monday, 18 March 2013 The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling…. Read More ›
Savers across Europe will look on in horror at the Troika’s raid on Cyprus
It’s now become clear: the threat to European savers and banks isn’t anti-austerity parties but the Troika Michael Burke The Guardian, Sunday 17 March 2013 13.06 EDT Account-holders withdraw money from a cash machine in the Cyprus capital,… Read More ›
Oil plunges as dollar gains on Cyprus news
March 18, 2013, 1:15 a.m. EDT By Michael Kitchen, MarketWatch LOS ANGELES (MarketWatch) — Crude-oil futures tumbled in electronic trading Monday, slapped lower by a surge in the dollar as worries spiked over a Cyprus bank levy and its implications… Read More ›
Asian markets fall amid fears over Cyprus bailout deal
Asian markets have dipped after Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis. The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn;… Read More ›
Cyprus may raise deposit levy to 12.5% for large accounts – report
Published time: March 17, 2013 21:29 Edited time: March 18, 2013 00:45 AFP Photo / Alex Mita Cyprus is currently deciding whether to raise the anti-crisis tax on savings larger than €100,000 to 12.5%, while reducing the levy on… Read More ›
Cyprus savings levy: questions and answers : Levy will be on Average Balance, withdrawing money will not save you
All the issues, causes and consequences of a forced levy on savers at Cypriot banks as part of the eurozone rescue package Graeme Wearden guardian.co.uk, Sunday 17 March 2013 10.06 EDT People try to withdraw money from a cashpoint… Read More ›
The decision to raid people’s savings to fund a bail-out for Cyprus sets a “worrying precedent” that could jeopardise the European economic recovery, financial experts have warned.
EU raid on savings to fund bail-out for Cyprus ‘threatens recovery’ By Robert Winnett, and Tom Whitehead 10:00PM GMT 17 Mar 2013 The island’s government has announced that, following pressure from finance ministers in the eurozone, it is introducing a… Read More ›
‘They took our money while we were sleeping’ WITH VIDEO
By Peter Stevenson Published on March 17, 2013 THE AIR of disappointment and rage on Ledra Street yesterday morning was almost tangible with groups of middle-aged men gathering to express their disbelief and fury about the haircut on deposits. Social… Read More ›
The Political Leaders of the EU, IMF, and Cyprus need to be audited.
EEV: I rarely offer commentary, but the Iron needs to be struck while hot. – The people of Europe need to know whether the political leaders of the Eurozone, including Cyprus, transferred money to safer havens prior to the proposed… Read More ›
Tomorrow, Cyprus could vote to leave the euro. This is political dynamite: “If Cypriot depositors are forced to pay today, why not Spanish ones tomorrow “
By Mats Persson Economics Last updated: March 17th, 2013 There are two ways to look at the hugely controversial bailout agreed for Cyprus in the early hours of Saturday morning, in which the small island nation – accounting for only… Read More ›
Only Jesus can save the eurozone: Deutsche Bank (2nd Confirmation)
Business Insider | 13/03/14 2:06 PM ET – Deutsche Bank‘s global head of FX strategy, Bilal Hafeez, recently gave a speech at the annual Deutsche Bank Mittelstand (small and medium-sized enterprises) FX conference in Hamburg, Germany. The bank’s research department… Read More ›
DEUTSCHE BANK: ‘Only Jesus can save Eurozone’
Sunday, 17 March 2013 Deutsche Bank‘s global head of FX strategy, Bilal Hafeez, recently gave a speech at the annual Deutsche Bank Mittelstand (small and medium-sized enterprises) FX conference in Hamburg, Germany.. . The bank’s research department transcribed Hafeez’s speech… Read More ›
Osborne says UK will help troops hit by EU raid on British savers in Cyprus
George Osborne: UK will compensate troops and government workers affected by Cyprus bailout levy Savers in Cypriot banks will be forced to hand over up to 10 per cent of their deposits to raise about €6bn James Legge Sunday 17… Read More ›
Cyprus Bail-Out Unfair, short-sighted and self-defeating: Will anyone ever put their savings in a Eurozone Bank again ?
Unfair, short-sighted and self-defeating Mar 16th 2013, 14:54 by A.P. IT IS not a fudge, but it is still a failure. The euro zone’s bail-out of Cyprus, which was sealed in the early hours of Saturday, did get the bill… Read More ›
Factbox: Outlines of Cyprus’ bailout by the euro zone
EEV: Even though this is being reported through a major news organization, it still needs validation. Meetings were out of the public view, so there currently is no way to determine what has actually been agreed to. Confiscation of a peoples… Read More ›
Greece seeks buyers for local units of Cypriot banks
ATHENS | Sat Mar 16, 2013 3:20pm EDT ATHENS (Reuters) – Athens has started exploring local lenders’ interest in taking over the Greek units of Cypriot banks, as part of the island’s international bailout agreed earlier on Saturday, Greece’s finance… Read More ›
Cyprus: panic as savings levy is imposed
Cypriots rush to ATMs before savings are docked as part of a bailout deal agreed in Brussels Paul Gallagher and Helena Smith guardian.co.uk, Saturday 16 March 2013 15.14 EDT Cyprus’s rightwing leader Nicos Anastasiades believes his country will default following… Read More ›
Spain protesters accuse EU of servility to markets
16 Mar 2013 MADRID (AFP) Thousands of protesters marched Saturday in Madrid and other cities in Spain against European Union leaders’ handling of the financial crisis, condemning “an EU that belongs to the markets”. The marches, organised by Spain’s “indignados”… Read More ›
20,000 Swiss civil servants protest austerity
AFPMarch 17, 2013, 2:52 am AFP © 20,000 Swiss civil servants protest austerity GENEVA (AFP) – Some 20,000 teachers, police, hospital workers and other civil servants gathered in the Swiss capital Saturday to protest austerity measures and demand better working… Read More ›
A look at Cyprus’ decision to tax depositors : Euro and the IMF resorts to absolute theft
By SARAH DiLORENZO AP Business WriterAssociated Press Posted: 03/16/2013 09:16:15 AM PDT March 16, 2013 7:15 PM GMTUpdated: 03/16/2013 12:15:23 PM PDT PARIS—People with bank accounts in Cyprus were shocked Saturday to learn that as part of an … Read More ›
Cyprus people ‘shocked’ with bailout terms: EuroGroup wants to tax Bank Deposits
Please refer to Update: Latest Update: It is apparent that Reuters is running a similar story that is there is no run on the banks, and foreigners accounts are safe. Cyprus parliament to vote on savings levy The following… Read More ›
French first lady accused of ’embezzlement’ for funding lavish lifestyle with taxpayers’ money… despite not actually being married to president
Valerie Trierweiler is accused of being just Francois Hollande’s ‘mistress’ Accusations made in criminal court complaint by millionaire Xavier Kemlin He claims she makes France the ‘laughing stock of all heads of state’ Says tax shouldn’t ‘house, feed, fund woman… Read More ›
Could Germany spark another war? I fear it’s all too possible
EEV Warning: Some Imagery will be found offensive. These articles are becoming more common, and being printed with a greater and greater frequency. By Dominic Sandbrook PUBLISHED: 18:56 EST, 12 March 2013 | UPDATED: 03:53 EST, 13 March 2013 The… Read More ›
Engineering Evil 