Cyprus

Source: ThinkstockWorrying about the creditworthiness of a small nation like Cyprus just feels so February and March now. Don’t tell that to Fitch Ratings today. The credit ratings agency has now...
Source: ThinkstockFor journalists and commentators who have nothing better to do, at least to attract readers, some have come up with the notion that the United States is something like Cyprus in...
Source: ThinkstockCyprus will open its banks, which have been shuttered for days as the nation set a deal with the European Union, European Central Bank and International Monetary Fund for a bailout....
Source: thinkstockFitch Ratings has put Cyprus’s long-term foreign debt on a ratings watch with a possible negative outcome. The ratings agency has also capped its ratings on the ratings of all...
Source: ThinkstockCyprus’s Finance Minister Michael Sarris told the BBC that large depositors with money in the nation’s banks could lose up to 40% in taxes and levies, much more than has been...
Source: ThinkstockCyprus has reached a bailout deal that will keep the tiny island nation in the European Union. As we pointed out, those with bank deposits of less than 100,000 euro apparently will...
A plan to tax savings accounts, rejected by the Cypriot parliament, is again part of last-ditch discussions of how to secure an aid package from the European Union, International Monetary Fund and...
Source: ThinkstockCyprus is in the midst of trying to keep capital in the country, as smart individuals, companies and investors pull money from the troubled nation. The notion that savings could be...
Source: ThinkstockEuropean Business ActivityCyprus is not the only major concern for the European Union. The purchasing managers index (PMI) for the region plunged in March as more evidence came in...
Source: ThinkstockThe debate over what will happen to Cyprus quickened as a rescue by the European Union, European Central Bank and International Monetary Fund appeared to fall apart after the small...
Source: ThinkstockJ.P. Morgan Management DowngradeJ.P. Morgan Chase & Co. (NYSE: JPM) suffered another blow to its reputation, as a government agency downgraded its rating of the financial firm’s...
The Cypriot parliament has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news as it sends a message to the European Union that...
Source: ThinkstockThe government of Cyprus has drafted another plan to submit to the country’s parliament today that will exempt small savings account holders from the proposed raid on all deposits...
Source: ThinkstockThe parliament in Cyprus may block the government’s attempt to seize money from the savings accounts of its citizens as a way to raise money to get access to bailout funds. If so,...
Source: ThinkstockThis morning we went on record calling the European proposal to make depositors face a Cyprus bailout tax on their bank deposits as being nothing short of theft. A levy, tax, fee,...