Tag: Cyprus

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 1974. Proclaimed unilaterally in 1983, the so-called Turkish […]

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 online transactions to the big markets, like energy […]

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 […]

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 via its online peer-to-peer community. Jeff Berwick, founder […]

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 — As new President Nicos Anastasiades hesitated over […]

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 by the Church, which was over 100 million […]

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 […]

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 financial system. In Nicosia, the country’s biggest bank […]

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 […]