Cypriot Finance Minister Resigns
Michalis Sarris resigned after announcing the final terms of a bailout for the nation’s banking system that imposed heavy losses on bank depositors in return for aid.read more
View ArticleIMF will contribute 1 billion euros to Cyprus bailout
The International Monetary Fund will contribute 1 billion euros ($1.29 billion) over three years to the 10 billion euro bailout for Cyprus, IMF Managing Director Christine Lagarde said in a statement...
View ArticleInsight: After Cyprus, is Slovenia next euro zone domino?
Successive Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage...
View ArticleKey Bank of Cyprus data missing
Some key data about bond purchases by Bank of Cyprus - now the focus of a controversial EU-IMF bailout - is missing, investigators have found. The gaps were found in computer records studied by a...
View ArticlePain bites into Portuguese life as crisis deepens
Serving a frugal lunch in their kitchen not much bigger than a bathroom, Pedro and Elena Baptista spoon stewed chicken feet onto their boiled potatoes and leave the slightly meatier wings for their...
View ArticlePortugal, Ireland Win Bailout Concessions
EU finance ministers agreed to allow Portugal and Ireland to repay their bailout loans later than initially agreed, in a bid to help the two governments wean themselves off bailout money in the coming...
View ArticleIMF trims global growth forecast, sees bumpy recovery
The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the United States and the latest...
View ArticleGerman parliament backs Cyprus bailout
Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and keep it...
View ArticleCyprus 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.
View ArticleSpain 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.read more
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