Cyprus Bailout Swells to $30 Billion

(BRUSSELS) — The cost of bailing out Cyprus has swollen to euro 23 billion ($30 billion), with the crisis-hit country having to take on the lion's share of the...

Debt Inspectors Reach Agreement with Greece

(ATHENS, Greece) — International debt inspectors have reached an agreement with Greece on the country's economic reforms, including the firing of civil servants,...

Cyprus Bank Workers to Protest Looming Job Cuts

(NICOSIA, Cyprus) — Bank employees in Cyprus will walk off the job for two hours and march toward parliament to protest against looming job and benefit cuts...

Cyprus Bailout Prompts Muted Relief in Markets

(LONDON) — The rally in stock markets in the wake of the Cypriot bailout deal proved short-lived Monday as investors remained cautious following a crisis that...

Cyprus Lawmakers Approve Key Bills For Bailout

(NICOSIA, Cyprus) — Cyprus lawmakers have approved three key bills aiming to secure a broader bailout package and stave off imminent bankruptcy. The bills...

Cyprus Turns to EU in Last-Ditch Bid For Bailout

(BRUSSELS) — Cypriot politicians turned to the European Union on Sunday in a last-ditch effort to help their island nation forge a viable plan to secure an...

Cypriot Officials: Plan B Drawn Up to Get Bailout

(NICOSIA, Cyprus) — Searching for a way out of a crippling financial crisis, officials in Cyprus on Wednesday pursued a new bailout strategy that could include a...

Cyprus President Tries to Amend Bailout Plan

(NICOSIA, Cyprus) — Cyprus' president said Sunday that he is trying to amend an unpopular euro zone bailout plan that would tax deposits in the country's banks...

Cypriot Officials Revising Bailout Plan

(NICOSIA, Cyprus) — Cypriot financial officials are working on a revised plan to secure an international bailout that will ease the pain on small bank account...

Cyprus Banking Crisis: Will Russia Ride to the Rescue?

The Cyprus government is scrambling to find alternative ways to fund its part of a European Union bailout, including asking for help in Moscow, after the...