Sophisticated lessons in spycraft, explosives,and arms, detailed by a rare inside look at Hezbollah during a recent terror trial in Cyprus, are forcing the European Union to consider designating the Lebanese-based group as a terrorist organization.
It would have been hard to predict that one of the events that most clearly articulated the line between the Tea Party and other conservatives on economic issues would be the failure of two banks on a Mediterranean island.
As banks reopened in the beleaguered island nation of Cyprus Thursday, account holders were told daily limits on cash withdrawals would last only a week. But just kidding, according to the government, it could be a month before Cypriots are allowed full access to their bank accounts
Banks in Cyprus re-opened today for the first time in nearly two weeks, but the only "bank run" that has developed is the crush of reporters hoping to document the (non-existent) chaos.
A bomb went off Wednesday evening near the Acropolis in Athens, but the ancient tourist attraction wasn't the target — the scary incident in the middle of the Greek capital may have had more to do with the ongoing financial crisis in Cyprus.
A summary of the best reads found behind the paywall of The New York Times.
It took all weekend, but European finance chieftains finally clinched a deal that will keep Cyprus afloat—by taking a heavy toll from their wealthiest customers.
Russia turned down the offer to bail Cyprus out of a jam and now the island is going back to the drawing board to try and pull off a financial miracle.
The government of Cyprus has until Monday to figure out how raise 6 billion euros worth of emergency funds or the European Central Bank will pull the plug on their end of the bailout deal. And the one and only backup plan is in the hands of the one country you probably don't want to be in hock to: Russia.
After widespread anger over the plan to tax regular people's bank accounts to pay for a big bank bailout, Cyprus's government reworked to the deal to protect small savers. Unfortunately, the new tax plan is unlikely to change anyone's mind about the fairness of having their savings taken away.
A summary of the best reads found behind the paywall of The New York Times.
Global markets are on edge today after it was learned over the weekend that Cyprus would be getting a bank bailout from the European Central Bank, along with a very controversial provision that could hurt every citizen in the country.
The trial of a clandestine Hezbollah operative in Cyprus is shedding light on the inner workings of what many believe to be the organization's terrorist activities. But even being a terrorist has its perks.
The island of Cyprus became the fifth European country to request a bailout for its struggling banks, and the estimated 10 billion euros needed would amount to more than half its total economy.
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