Tag: Cypriot

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 set to destroy the “business model” of the […]

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 Medvedev condemned a move to seize up to […]

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, 2013. (AFP Photo / Patrick Baz) Cyprus and […]

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 the integration of France into the Eurozone, comments […]

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 insist that Cyprus must impose a hefty one-off-levy […]

Cyprus rescue in chaos as MPs reject bail-out

Nation could face bankruptcy within weeks after terms of £10bn package are voted down Charlotte McDonald-Gibson, Nathalie Savaricas Tuesday, 19 March 2013 Cyprus stood on the brink of bankruptcy tonight after its parliamentarians voted down a bailout deal that would have taxed ordinary savers. The decision sets up […]