Middle-east Arab News Opinion | Asharq Al-awsat

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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

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...

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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

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...

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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

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...

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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

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...

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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)

Cyprus Says ‘Significant Progress’ in Bailout Talks

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...