Middle-east Arab News Opinion | Asharq Al-awsat

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

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...

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)

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...

Media ID: 55296224
Caption:

A man pass by anticapitalist graffiti in dowtown of Nicosia, Cyprus, 19 March 2013. The Cyprus parliament is set to vote 19 March on ratification of a one-off tax on bank deposits, following a postponement to allow for consultation. Source: EPA/FILIP SINGER

Cyprus Proposes To Exempt Small Savers From Deposit Tax

by Asharq Al-Awsat | Mar 19, 2013 | World

Nicosia, Reuters—Cyprus’s government proposed on Tuesday to spare small savers from a divisive levy on bank deposits but said it expects parliament to reject the measure, needed to secure an international bailout and avoid default and a banking collapse. Unless...

Media ID: 55296106
Caption:

A cut-out image of Cypriot President Nicos Anastasiades decorates a DJ stand as part of carnival celebrations in Nicosia on March 16, 2013. (AFP PHOTO/HASAN MROUE)

Cyprus Delays EU Bailout Debate as MPs Baulk at Terms

by Asharq Al-Awsat | Mar 17, 2013 | World

Nicosia, AFP—Cyprus postponed an emergency debate in parliament on a controversial EU bailout on Sunday, threatening a prolonged closure of the island’s banks as MPs baulk at an unprecedented tax on savings. Fellow Eurozone countries and international creditors...

Media ID: 55295871
Caption:

A banner erected by protestors during a tripartite-social summit meeting at the EU Council building in Brussels on Thursday, March 14, 2013. Source: AP Photo/Virginia Mayo

‘Abolish austerity’ Brussels protesters tell EU leaders

by Asharq Al-Awsat | Mar 15, 2013 | World

Brussels, Reuters—Thousands of protesters, some dressed as ghouls and firing flares, demanded on Thursday that EU leaders meeting in Brussels put an end to government spending cuts blamed for mass joblessness and a growing social crisis in parts of Europe. Holding...