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bailout | ASHARQ AL-AWSAT English Archive 2005 -2017
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Media ID: 55367943
Caption:

People line up as they wait to enter a soup kitchen run by the Orthodox church in Athens, Greece, February 15, 2017. REUTERS/Alkis Konstantinidis


Greeks Sink Deeper in Poverty

Greeks Sink Deeper in Poverty

Athens- Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month. At 73, Dimitra – who herself once helped the hard-up as a Red Cross food...
Media ID: 55297186
Caption:

A woman sweeps as people, right, wait outside a branch of Bank of Cyprus in Nicosia, Cyprus, Thursday, March 28, 2013. (AP Photo/Petros Karadjias)


Cyprus Reopens Banks Under Tight Restrictions

Cyprus Reopens Banks Under Tight Restrictions

Nicosia, Reuters—Cypriots queued calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy. Banks were shut almost...
Media ID: 55296980
Caption:

A man passes an empty closed branch of Bank of Cyprus in central capital Nicosia, Cyprus, Sunday, March 24, 2013. (AP Photo)


Arab Economists Play Down Impact of Cypriot Crisis

Arab Economists Play Down Impact of Cypriot Crisis

London, Asharq Al-Awsat—Despite the recent bailout agreement between the Cypriot government and the EU and International Monetary Fund (IMF), the scale of the financial crisis facing the small island state means that it is nowhere near over yet, and the aftershocks...
Media ID: 55296839
Caption:

EU and IMF officials struck a last-minute deal with Cyprus early on March 25 to resurrect a bailout for the island. Source: AFP PHOTO / JOHN THYS


Cyprus Bailout Deal Prompts Investors Relief

Cyprus Bailout Deal Prompts Investors Relief

London, AP — Investors breathed a sigh of relief Monday after Cyprus clinched a bailout deal with international creditors that will prevent it becoming the first country to ditch the euro — a prospect that could have worsened the crisis afflicting Europe’s...
Media ID: 55296744
Caption:

Cyprus lawmakers vote on key bills aimed at securing a broader bailout package from international creditors in parliament in capital Nicosia, Cyprus, late Friday, March 22, 2013. (AP Photo/Petros Karadjias)