Middle-east Arab News Opinion | Asharq Al-awsat

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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...

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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
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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...