by Asharq Al-Awsat | Feb 22, 2017 | Features
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...
by Asharq Al-Awsat | Mar 28, 2013 | World
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...
by Musa Mahdi | Mar 26, 2013 | Business
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...
by Asharq Al-Awsat | Mar 25, 2013 | World
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...
by Asharq Al-Awsat | Mar 23, 2013 | World
Nicosia, AFP—Cyprus reported “significant progress” in talks on Saturday with the EU and IMF aimed at clinching a EUR 10 billion (USD 13 billion) bailout to save the Eurozone member from looming bankruptcy. The Cypriot authorities are scrambling to raise...
