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- 2012–2013 Cypriot financial crisis - WikipediaOn 25 March 2013, a €10 billion international bailout by the Eurogroup, European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) was announced, in return for Cyprus agreeing to close the country's second-largest bank, the Cyprus Popular Bank (also known as Laiki Bank), imposing a one-time bank deposit levy on all uninsured deposits there, and possibly around 48% of uninsured deposits in the Bank of Cyprus (the island's largest commercial bank).
- Cyprus will soon start repaying bailout loans withCyprus will soon start repaying bailout loans with money borrowed under more favorable terms, Finance Minister Harris Georgiades said on Tuesday. Cyprus recently repaid two years early the remaining 1.8 billion euros — part of a 2.5-billion-euro loan obtained from Russia in 2011 in a bid to avoid bailout by the Eurogroup.
- Cyprus watchdog imposes Commerzbank fine for deals of ...July 3 (Reuters) - Cyprus’s securities regulator on Friday imposed a 650,000 euro ($730,795.00) fine on Germany’s Commerzbank for transactions ordered by a now defunct local bank whose demise...
- Cyprus Bailout: Tax the Cypriot Account HoldersThe recent bailout for Cypriot banks dashes that concept as the Cyprus government makes a monumental money grab on all Cypriot accounts ranging from 6.7% to 9.9%. The European Union, in its desperation to maintain stable appearances, bails out another country: Cyprus.
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