Monday, March 18, 2013

Cyprus bailout deal

Chancellor Angela Merkel has defended the decision to impose a one-off levy on savers in Cyprus, saying this shifted part of the burden from other European taxpayers and made it easier for Germany to approve the deal.Daily Telegraph
 
LONDON, March 18 (Reuters) - Gold rose above $1,600 for the first time in more than two weeks on Monday as a radical bailout package for Cyprus threatened to trigger fresh turmoil in the euro zone, sending some …Reuters ·
 
In-depth coverage
 
The government says Cyprus has no choice but to accept the bailout with the levy on deposits ... If the Cypriot parliament votes the deal down, the euro zone would face a real risk of being dragged back into crisis. "It is …Reuters · ByMichele Kambas ·  
 
Click the chart for more stock market data. The Dow Industrial Average, the S&P 500 and the Nasdaq lost their grip on a 10-day winning streak on Friday. Despite that, all three indexes ended higher for the week, and …CNN Money · ByEmily Jane Fox ·  
 
Residents of Cyprus are angry their bank deposits are subject to a one-time tax levy as part of a bailout deal for the cash-strapped island. Eurozone finance ministers and the International Monetary Fund included the …Voice of America · 
 
LONDON (Reuters) - The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank ... The bloc struck a deal on Saturday to hand Cyprus rescue loans worth 10 billion euros ($13 billion), but …Yahoo! News · ByMarc Jones · 
 
Cyprus will be unable to exit recession for the next 20 years. Our children will pay for this mistake.” Anastasiades was Monday seeking the backing of MPs for the EU bailout deal that has also jolted global markets …DAWN Group ·
 
NICOSIA, Cyprus -- Cyprus' parliamentary vote on a levy on bank ... said Monday the delay is needed to give the government time to amend an international bailout deal agreed on last week. That deal includes a levy on …The Miami Herald ·  
 
In-depth coverage
 
As part of the bailout deal, Cyprus has agreed to an international anti-money laundering audit. Russia has come to Cyprus' aid in the past, providing a €2.5 billion loan in 2011 to shore up government finances, but its …click orlando ·  
 
The decision by the euro zone to force bank depositors in Cyprus to contribute towards the bailout is without precedent in the euro ... Airbus announced it had signed a 18.4-billion-euro deal ($24 billion) deal Indonesian carrier Lion Air for 234 single ...CNBC · 

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