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Banks in Cyprus reopen | Journal
Banks have reopened in Cyprus but it's not entirely business as usual just yet. Security is tight as customers line up to access their accounts for the first time in nearly two weeks.
published: 28 Mar 2013
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Quest: Why the Cyprus bank bailout?
CNN's Richard Quest explains why Cyrpus' banking sector is unlike any other in the region.
published: 19 Mar 2013
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Cyprus Financial Crisis Worries Global Markets
ABC's Nick Schifrin reports from Cyprus where worry and anger is rampant.
*More: http://abcn.ws/WQmILA
published: 22 Mar 2013
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Cyprus big depositors to lose up to 60%
Subscribe to our channel http://bit.ly/AJSubscribe
Subscribe to our channel http://bit.ly/AJSubscribe
Savers at the Bank of Cyprus will see 37.5 percent of their deposits of more than $130,000 turned into shares. But a further 22.5 percent of savings would be held by the government until it can satisfy the terms of the EU bailout. Al Jazeera's Peter Sharp reports.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldw...
published: 30 Mar 2013
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European Central Bank / Cyprus
Money on the agenda: MEPs review the performance of the ECB and criticise the European Commission over the Cyprus banking bailout.
Comment on European Parliament Facebook page: http://www.facebook.com/europeanparliament
EuroparlTV video ID: 3fcf3de7-8d81-492e-bbd3-a1a30125c4d0
published: 18 Apr 2013
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Cyprus banks stay shut as crisis deepens
In Cyprus, banks are set to stay closed all week: until next Tuesday in fact, as the hunt continues for a bailout which Cypriots will accept, to stave off bankruptcy.
published: 20 Mar 2013
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Bank of Cyprus 18-25 Youth Pack
published: 18 Jun 2019
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Ross questioned about role with Bank of Cyprus
Jake Tapper questions commerce Secretary Wilbur Ross about his involvement with the Bank of Cyprus
published: 02 Apr 2017
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Cyprus bank levy backtrack underway
http://www.euronews.com/ Having been part of the EU bailout decision to tax all of Cyprus's bank account holders - rich and poor - the International Monetary Fund has now said it supports the Cypriot government's efforts to ease the pain for smaller depositors.
IMF head Christine Lagarde, speaking at a financial conference in Germany, added her voice to the chorus of backtracking.
"We are also obviously extremely supportive of the Cypriot authorities' intentions to introduce more progressive rates in the one-off levy or deposit-share swap within the agreed financial envelope of 5.8 billion (euros)," she said.
The fact that smaller account holders would have money taken from them has been widely criticised as unfair, leading French finance minister Pierre Moscovici to comment: "There wa...
published: 19 Mar 2013
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Can bank crisis unite a divided Cyprus?
CNN's Ivan Watson talks to Turkish Cypriots who feel sympathetic about the crisis facing their Greek Cypriot neighbors.
published: 26 Mar 2013
1:29
Banks in Cyprus reopen | Journal
Banks have reopened in Cyprus but it's not entirely business as usual just yet. Security is tight as customers line up to access their accounts for the first t...
Banks have reopened in Cyprus but it's not entirely business as usual just yet. Security is tight as customers line up to access their accounts for the first time in nearly two weeks.
https://wn.com/Banks_In_Cyprus_Reopen_|_Journal
Banks have reopened in Cyprus but it's not entirely business as usual just yet. Security is tight as customers line up to access their accounts for the first time in nearly two weeks.
- published: 28 Mar 2013
- views: 344
2:03
Quest: Why the Cyprus bank bailout?
CNN's Richard Quest explains why Cyrpus' banking sector is unlike any other in the region.
CNN's Richard Quest explains why Cyrpus' banking sector is unlike any other in the region.
https://wn.com/Quest_Why_The_Cyprus_Bank_Bailout
CNN's Richard Quest explains why Cyrpus' banking sector is unlike any other in the region.
- published: 19 Mar 2013
- views: 5373
2:04
Cyprus Financial Crisis Worries Global Markets
ABC's Nick Schifrin reports from Cyprus where worry and anger is rampant.
*More: http://abcn.ws/WQmILA
ABC's Nick Schifrin reports from Cyprus where worry and anger is rampant.
*More: http://abcn.ws/WQmILA
https://wn.com/Cyprus_Financial_Crisis_Worries_Global_Markets
ABC's Nick Schifrin reports from Cyprus where worry and anger is rampant.
*More: http://abcn.ws/WQmILA
- published: 22 Mar 2013
- views: 7108
1:38
Cyprus big depositors to lose up to 60%
Subscribe to our channel http://bit.ly/AJSubscribe
Subscribe to our channel http://bit.ly/AJSubscribe
Savers at the Bank of Cyprus will see 37.5 percent of ...
Subscribe to our channel http://bit.ly/AJSubscribe
Subscribe to our channel http://bit.ly/AJSubscribe
Savers at the Bank of Cyprus will see 37.5 percent of their deposits of more than $130,000 turned into shares. But a further 22.5 percent of savings would be held by the government until it can satisfy the terms of the EU bailout. Al Jazeera's Peter Sharp reports.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts
https://wn.com/Cyprus_Big_Depositors_To_Lose_Up_To_60
Subscribe to our channel http://bit.ly/AJSubscribe
Subscribe to our channel http://bit.ly/AJSubscribe
Savers at the Bank of Cyprus will see 37.5 percent of their deposits of more than $130,000 turned into shares. But a further 22.5 percent of savings would be held by the government until it can satisfy the terms of the EU bailout. Al Jazeera's Peter Sharp reports.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts
- published: 30 Mar 2013
- views: 3310
1:39
European Central Bank / Cyprus
Money on the agenda: MEPs review the performance of the ECB and criticise the European Commission over the Cyprus banking bailout.
Comment on European Parliam...
Money on the agenda: MEPs review the performance of the ECB and criticise the European Commission over the Cyprus banking bailout.
Comment on European Parliament Facebook page: http://www.facebook.com/europeanparliament
EuroparlTV video ID: 3fcf3de7-8d81-492e-bbd3-a1a30125c4d0
https://wn.com/European_Central_Bank_Cyprus
Money on the agenda: MEPs review the performance of the ECB and criticise the European Commission over the Cyprus banking bailout.
Comment on European Parliament Facebook page: http://www.facebook.com/europeanparliament
EuroparlTV video ID: 3fcf3de7-8d81-492e-bbd3-a1a30125c4d0
- published: 18 Apr 2013
- views: 252
3:03
Cyprus banks stay shut as crisis deepens
In Cyprus, banks are set to stay closed all week: until next Tuesday in fact, as the hunt continues for a bailout which Cypriots will accept, to stave off bankr...
In Cyprus, banks are set to stay closed all week: until next Tuesday in fact, as the hunt continues for a bailout which Cypriots will accept, to stave off bankruptcy.
https://wn.com/Cyprus_Banks_Stay_Shut_As_Crisis_Deepens
In Cyprus, banks are set to stay closed all week: until next Tuesday in fact, as the hunt continues for a bailout which Cypriots will accept, to stave off bankruptcy.
- published: 20 Mar 2013
- views: 1061
1:42
Ross questioned about role with Bank of Cyprus
Jake Tapper questions commerce Secretary Wilbur Ross about his involvement with the Bank of Cyprus
Jake Tapper questions commerce Secretary Wilbur Ross about his involvement with the Bank of Cyprus
https://wn.com/Ross_Questioned_About_Role_With_Bank_Of_Cyprus
Jake Tapper questions commerce Secretary Wilbur Ross about his involvement with the Bank of Cyprus
- published: 02 Apr 2017
- views: 7481
1:18
Cyprus bank levy backtrack underway
http://www.euronews.com/ Having been part of the EU bailout decision to tax all of Cyprus's bank account holders - rich and poor - the International Monetary Fu...
http://www.euronews.com/ Having been part of the EU bailout decision to tax all of Cyprus's bank account holders - rich and poor - the International Monetary Fund has now said it supports the Cypriot government's efforts to ease the pain for smaller depositors.
IMF head Christine Lagarde, speaking at a financial conference in Germany, added her voice to the chorus of backtracking.
"We are also obviously extremely supportive of the Cypriot authorities' intentions to introduce more progressive rates in the one-off levy or deposit-share swap within the agreed financial envelope of 5.8 billion (euros)," she said.
The fact that smaller account holders would have money taken from them has been widely criticised as unfair, leading French finance minister Pierre Moscovici to comment: "There was a feeling, perhaps, that we were breaking a taboo. That's why members of the Eurogroup held a tele-conference yesterday to say that we are ready to consider a progressive tax, if the Cypriot government and parliament decides that deposits of less than 100,000 euros are exempt."
With their original decision to impose the levy on all Cypriot savers, the Eurogroup of eurozone finance ministers created a crisis, but their backtracking has not made it any easier to reach a resolution.
The problem is that if the smallest savers are excluded - that is those with less than 20,000 euros in their accounts - the amount raised would not be enough.
The alternative would be to take a higher percentage levy from the accounts with deposits higher than 100,000 euros, but the Greek government is worried about reaction from Russia investors who make of the bulk of non-EU and non-Cypriot account holders.
Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews
https://wn.com/Cyprus_Bank_Levy_Backtrack_Underway
http://www.euronews.com/ Having been part of the EU bailout decision to tax all of Cyprus's bank account holders - rich and poor - the International Monetary Fund has now said it supports the Cypriot government's efforts to ease the pain for smaller depositors.
IMF head Christine Lagarde, speaking at a financial conference in Germany, added her voice to the chorus of backtracking.
"We are also obviously extremely supportive of the Cypriot authorities' intentions to introduce more progressive rates in the one-off levy or deposit-share swap within the agreed financial envelope of 5.8 billion (euros)," she said.
The fact that smaller account holders would have money taken from them has been widely criticised as unfair, leading French finance minister Pierre Moscovici to comment: "There was a feeling, perhaps, that we were breaking a taboo. That's why members of the Eurogroup held a tele-conference yesterday to say that we are ready to consider a progressive tax, if the Cypriot government and parliament decides that deposits of less than 100,000 euros are exempt."
With their original decision to impose the levy on all Cypriot savers, the Eurogroup of eurozone finance ministers created a crisis, but their backtracking has not made it any easier to reach a resolution.
The problem is that if the smallest savers are excluded - that is those with less than 20,000 euros in their accounts - the amount raised would not be enough.
The alternative would be to take a higher percentage levy from the accounts with deposits higher than 100,000 euros, but the Greek government is worried about reaction from Russia investors who make of the bulk of non-EU and non-Cypriot account holders.
Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews
- published: 19 Mar 2013
- views: 3804
2:37
Can bank crisis unite a divided Cyprus?
CNN's Ivan Watson talks to Turkish Cypriots who feel sympathetic about the crisis facing their Greek Cypriot neighbors.
CNN's Ivan Watson talks to Turkish Cypriots who feel sympathetic about the crisis facing their Greek Cypriot neighbors.
https://wn.com/Can_Bank_Crisis_Unite_A_Divided_Cyprus
CNN's Ivan Watson talks to Turkish Cypriots who feel sympathetic about the crisis facing their Greek Cypriot neighbors.
- published: 26 Mar 2013
- views: 2209