05.03.2014 13:19 Russia’s Federation Council is preparing a bill that provides for the confiscation of property, assets and accounts of European and American companies, including private ones, should the United States decide to impose sanctions against Russia. The author of… Read More ›
Cyprus
Cyprus: arrest warrant issued for former Central Bank head
27 September, 14:39 (ANSAmed) – NICOSIA, SEPTEMBER 27 – An arrest warrant has been issued against a former Governor of the Central Bank of Cyprus who failed to show up at a court hearing this morning, ad Famagusta Gazette online… Read More ›
Ex Cyprus president walks out on public enquiry
Friday, 23 August 2013 Former Cyprus president Demetris Christofias walked out of a public enquiry into the causes of the island’s financial crisis Thursday, declining to answer questions before he had his say. The walkout was criticised by the… Read More ›
Bank of Cyprus cuts deposits over 100K-euro by 47.5%
29 July, 16:49 (ANSAmed) – NICOSIA, JULY 29 – The Cypriot government on Monday announced depositors at the country’s biggest lender will lose 47.5% of their accounts over the 100,000-euro insurance limit. Government spokesman Victoras Papadopoulos announced the figure as… Read More ›
Turkey: protest spreads to Northern Cyprus
Students in Turkish-occupied sector rally against Erdogan 04 June, 17:22 (ANSAmed) – NICOSIA, JUNE 4 – The violent anti-government protests ongoing in several Turkish cities spread on Saturday to Northern Cyprus, which has been under Turkish occupation since… Read More ›
INSIGHT-Why did Cypriot banks keep buying Greek bonds? ” Within minutes, 28,000 files were erased “
Source: Reuters – Tue, 30 Apr 2013 05:30 AM Author: Reuters By Michele Kambas, Stephen Grey and Stelios Orphanides NICOSIA, April 30 (Reuters) – One day last October, a memory stick containing special software for deleting data was placed into… Read More ›
Charities, insurers to be included in Cyprus bail-in: 27.5% of Savings will be taken violating previous arrangement
Mon, 22 Apr 2013 04:22 GMT Reuters NICOSIA, April 22 (Reuters) – Cypriot insurance companies and charity organisations will be affected by a bail-in on deposits in an attempt to minimize the broader impact on savers, the island’s central bank… Read More ›
Cyprus bail-out vote stirs fresh jitters as slump fears grow in Europe
Cyprus has stunned EU officials by ordering a vote in its parliament on the terms of the EU-IMF Troika bailout for the country, risking a rejection by angry lawmakers and a fresh eruption of the crisis. The Cypriot parliament threw… Read More ›
EMU plot curdles as creditors seize Cyprus gold reserves
By Ambrose Evans-Pritchard Economics Last updated: April 11th, 2013 Cyprus has agreed to sell gold reserves to raise around €400m. (Photo: Alamy) First they purloin the savings and bank deposits in Laiki and the Bank of Cyprus, including the… Read More ›
Eurozone faces new challenge as Portugal blocks cuts
The eurozone crisis threatens to flare up again this week after Portugal’s constitutional court blocked the country’s planned austerity programme. Portugal’s Prime Minister Pedro Passos Coelho addresses the nation from his official residence at Sao Bento palace in Lisbon on… Read More ›
‘Mass deletion of data’ on former Bank of Cyprus execs’ computers
By George PsyllidesPublished on April 5, 2013 DELETION of data allegedly took place on computers belonging to senior Bank of Cyprus (BoC) executives, according to the leaked findings of a probe into the circumstances that forced the island’s biggest lenders… Read More ›
Co-op rumour spreads panic : Cyprus
Co-op rumour spreads panic By Stefanos EvripidouPublished on April 6, 2013 THE GOVERNMENT, Central Bank and Cooperative Movement rushed to calm fears of a new raid on bank deposits yesterday after rumours, texts and reports circulating spread panic… Read More ›
Cyrpus : Friday saw a run on the country’s cooperative banks – Trust in the system may not return
Cypriot presidency in calm call © Photo: Peter Nicou for the Voice of Russia The Cypriot authorities including the Central Bank and the presidency have called on the people to ignore financial panic mongers and stay calm. Friday saw a run… Read More ›
132 companies ( All Listed ) reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million
Cyprus bailout inside info? 132 companies pull out over $900mn in deposits Published time: April 02, 2013 12:20 One hundred and thirty-two companies reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million in… Read More ›
Cypriot president withdrew $21m days before Bank Seized Accounts : Treason
Monday, 01 April 2013 News that the Cypriot President’s family moved 21 million euros to London days before the bank accounts of his people were looted as part of the bailout deal serves as another reminder that while the media… Read More ›
What Exactly Is Inside Cypriot Banks? / Almost all Money
Published on Mar 27, 2013 March 27 (Bloomberg) — On today’s “Single Best Chart,” Scarlet Fu looks at assets inside Cypriot banks. She speaks on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg) — For more “Bloomberg Surveillance” videos: http://bloom.bg/LGz8Mc — Subscribe… Read More ›
Bitcoin transactions enter the real estate market
© Flickr.com/Ricky Leong/cc-by-nc-sa 3.0 So far, the world’s first independent and decentralized digital currency, Bitcoin, has been mostly used for small transactions. There are pundits who predict that Bitcoin will never be able to make the leap from servicing small… Read More ›
Savers in Cyprus’ largest bank face losing a far worse-than-expected 60pc of their deposits over €100,000 as part of a €10bn EU bail-out deal struck this week.
Cypriot authorities confirm raid on big depositors By Nick Squires, Denise Roland, and agencies 9:13PM GMT 29 Mar 2013 Under the arrangement, depositors in Bank of Cyprus will receive shares in the lender worth 37.5pc of any savings over €100,000,… Read More ›
24th Bulletin: Exclusively the “hot” list of loan write-offs
Published on Wednesday, March 27, 2013 17: 50 Written by 24 h. com. cy The first online news bulletin of the 24th bulletin revealed the list of politicians, their relatives and trade unionists who deleted all or part of… Read More ›
‘We did not have loans written off’ : Former President and MP’s on the List
By George Psyllides Published on March 30, 2013 THE government yesterday reaffirmed its intention to fully investigate the banking sector, as a list surfaced with names of current and former state officials who allegedly had their… Read More ›
Cyprus banks wrote off millions of euros to politicians
List of names published by newspaper, sent to Parliament 29 March, 18:33 The Laiki bank (ANSAmed) – NICOSIA – A list of Cypriot companies and politicians that allegedly had millions of euros in loans written off by the three… Read More ›
‘Risk of a euro exit by Cyprus is substantial’ – Moody’s
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 ›
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 ›
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 bailout: Kremlin ‘could punish Europe’ in reprisal for bank levy
Fears mount that Russia could act against European companies if charge on deposits hits €30bn Russian investments Helena Smith in Nicosia, Simon Goodley and Toby Helm The Observer, Saturday 23 March 2013 15.20 EDT A pressure valve on a Russian… 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 Keeps Banks Closed indefinitely
Friday, 22 March 2013 Russia rebuffed Cypriot entreaties for aid on Friday, leaving the island’s increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its… 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 ›
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… 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 ›
Engineering Evil 