Some Savers In Cyprus May Lose 60 Percent

Cyprus is struggling to comply with the conditions that Europe is demanding of it before it gets a desperately needed 10 billion euro loan.

Sections:  news   world   
RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
BING NEWS:
  • Large Bank of Cyprus savers lose access to deposits
    Substantial savers in the Bank of Cyprus, the island’s largest, have lost access to 100 per cent of their deposits, giving rise to fears that the economy could contract by as much as 20 per cent.
    03/31/2013 - 9:05 pm | View Link
  • Bank of Cyprus big savers to lose up to 60%
    Bank of Cyprus savers with over 100,000 euros could take losses of up to 60% Deposits over 100,000 euros will lose 37.5% of their value after being converted Island nation agreed to deposit losses to ...
    03/30/2013 - 12:29 pm | View Link
  • Bank of Cyprus big savers to lose up to 60 percent
    NICOSIA, Cyprus (AP) — Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the ...
    03/30/2013 - 8:04 am | View Link
  • Some savers at Bank of Cyprus could lose up to 60% of deposits
    NICOSIA, Cyprus -- Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country ...
    03/30/2013 - 8:01 am | View Link
  • Bank of Cyprus big savers to lose up to 60 percent
    Deposits of more than 100,000 euros ($128,000) at the Bank of Cyprus will lose 37.5 percent in money that will be converted into bank shares, according to a central bank statement. In a second raid on ...
    03/30/2013 - 1:03 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News