Topic: Euro Zone

Cash Withdrawal Limits Will Last Weeks More for Cypriots

AP

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

By Dashiell Bennett

Mar 28, 2013

All Is Calm as Cyprus Banks Re-Open After 12 Days

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.

Comments | 526 Views

By Dashiell Bennett

Mar 25, 2013

Cyprus Gets Its Late-Night Bailout

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.

Comments | 1,391 Views

By Dashiell Bennett

Mar 19, 2013

The Problem with Cyprus' New New Deal

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.

Comments | 517 Views

By Dashiell Bennett

Nov 27, 2012

New Debt Deal Solves the Greece Problem (For Now)

After a day of marathon talks that ran into Monday night, European finance ministers reached a deal that will allow Greece to receive more financial aid and temporarily stave off the chance of economic collapse.

Comments | 172 Views

By Dashiell Bennett

Nov 14, 2012

Striking Workers March All Across Europe to Fight Austerity

Large general strikes have hit countries spanning the entire European Union on Wednesday, as workers across the continent coordinated protests against government austerity measures

Comments | 862 Views

By Dashiell Bennett

Jul 11, 2012

Spain Raises Taxes as Its Banks Get a Bailout

As the Spanish government finishes negotiating the terms of its European bailout, Prime Minister Mariano Rajoy announced a new round of tax increases and spending cuts meant to satisfy the European powers who are rescuing them.

Comments | 554 Views

By Connor Simpson

Jun 17, 2012

Exit From Euro Unlikely After Greek Election

Pro-bailout parties in Greece have taken a little over 40 percent of the vote in the election on Sunday, calming global fears of a Euro exit, if they can form a government.

Comments | 883 Views

By Dino Grandoni

Dec 19, 2011

Britain Would Treat the Collapse of the Euro Like a Natural Disaster

The latest signal of how the situation in the eurozone's gone from bad to worse: Britain is writing up evacuation plans for expats in Spain and Portugal in case the European currency goes kaput.

Comments | 9,382 Views

By Dashiell Bennett

Dec 9, 2011

European Union Agrees to a New Financial Treaty, but Britain Stands in the Way

Most of the members of the European Union agreed to a new "intergovernmental agreement," with strict budget rules and financial safeguards, but the United Kingdom has effectively torpedoed the deal as a threat to its national sovereignty.

Comments | 1,281 Views

By Adam Martin

Dec 8, 2011

The Scariest Prediction Yet of What Happens if the Euro Collapses

The scariest prediction we've seen so far for what happens if the euro zone falls apart comes from Citigroup's Willem Buiter, who argues all that's at stake in the debt crisis is a global depression, war, and a European continent as divided as it's ever been since the fall of the Roman Empire.

Comments | 5,774 Views

By Alexander Abad-Santos

Dec 5, 2011

Cartoon

The Euro and Europe: Perfect Matches After All

Cartoonist Lisa Benson is down on the euro zone.

Comments | 510 Views

By Ted Mann

Nov 6, 2011

Greek Prime Minister Is Out As A New Government Is Formed

George Papandreou will resign as prime minister, and talks about the makeup of the new coalition government will continue Monday.

Comments | 2,267 Views

By Adam Clark Estes

Nov 4, 2011

The G20 Nations Just Put Italy in Time Out

The G20 meetings in Cannes have yielded plenty of verbal support for the ailing euro zone, but so far, nobody's willing to actually cough up any cash.

Comments | 1,684 Views

By Alexander Abad-Santos

Oct 19, 2011

Sarkozy Skipped His Daughter's Birth to Fix Europe's Debt Crisis

Want a sign of just how serious Europe's debt crisis is? French President Nicolas Sarkozy flew to Frankfurt to unstall bailout talks while his wife Carla Bruni gave birth to their first child.

Comments | 1,159 Views

By Alexander Abad-Santos

Oct 13, 2011

Slovakia Approves European Bailout Fund

Slovakia is the last of the 17 members to approve the $600 billion bailout

Comments | 172 Views

By Adam Martin

Sep 26, 2011

Investors Rally on the Idea of a Euro-Zone Bailout

Stocks up in Europe and the United States as a bailout extension is expected for Greece

Comments | 329 Views

By Adam Martin

Jun 24, 2011

Greece Secures a New $156 Billion Bailout

Today's Euro Zone package is roughly the same size as last year's

Comments | 833 Views

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