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TIMELINE: Bailout deal reached
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 Eurogroup.Details of the deal were sketchy but involved heavy...
View ArticleFrom solidarity to bile and vitriol
How the world viewed the deal that will finally lead to Cyprus’ bailout “We got what we always wanted, a bail-in that shrinks the over-sized banking sector in Cyprus”German Finance Minister Wolfgang...
View ArticleAfter Cyprus, eurozone faces tough bank regime
Author: Luke Baker THE rescue programme agreed for Cyprus on Monday represents a new template for resolving eurozone banking problems and other countries may have to restructure their banking sectors,...
View ArticleESM grants stability support to Cyprus
Author: Stefanos Evripidou CYPRUS IS on track to get €3 billion by the end of June after the Board of Governors of the European Stability Mechanism (ESM) yesterday decided to show “solidarity” and...
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Dijsselbloem: Cyprus to blame
Author: Poly Pantelides THE HEAD of the Eurogroup, the eurozone’s finance ministers who negotiated Cyprus’ bailout deal, was yesterday grilled by members of the European parliament (MEPs) over...
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