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Wednesday 29 March 2023 Dublin: 14°C

# Cyprus

All time
# jobless numbers
Slight rise in EU unemployment rate
The biggest increases in unemployment were in Greece and Cyprus. Ireland is seventh worst out of the 28 EU members.
# loan
Cyprus gets €1.5bn from EU's emergency fund
The crisis-hit nation has now received half of the package it was pencilled to get from the ESM.
# tensions
Britain sends six Typhoon jets to Cyprus base
However, the country said they are not deploying them to take part in military action against Syria.
# Timely
Cyprus launches criminal investigation into banking crisis
The investigation will focus on possible offences between 2006 and 2013 committed by individuals who are potentially responsible for the economic crisis.
# Money Money Money
IMF gives the ok for €1 billion bailout loan for Cyprus
The IMF said the money is intended to stabilise the country’s ravage financial system.
Voices
Column: Who’s next in line to be consumed by the European crisis?
While other countries are showing signs of difficulty, it’s Spain’s deterioration which could bring the euro crisis to its most dangerous point, writes Tom McDonnell, who asks where Europe goes from here?
# Bailout
Cyprus eases controls on stricken banks - but keeps €300 withdrawal limit
The restrictions were imposed to prevent a run on the banks during the dramatic Cyprus bailout.
Voices
Aaron McKenna: While the Eurozone is floundering, the US is seeing growth - but why?
The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.
# Eurozone
ECB chief Draghi admits initial Cyprus bailout plan was 'not smart'
The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.
Voices
My Cyprus, changed forever
Tamer Fakahany, a deputy managing editor with Associated Press, recalls the displacement of Cypriots he witnessed as a boy – and why its present travails have inspired him to return with his young son.
# Adios
Cyprus finance minister resigns
Michalis Sarris had been chariman of Laiki Bank, whose failure was a major contributor to the island’s major financial problems.
# Cyprus
Bank of Cyprus customers could lose up to 60 per cent of savings
Senior Bank of Cyprus official Mario Skandalis confirmed the figures, although he said they had not been finalised and a final announcement was expected by Monday.
# Banking
Cyprus Central Bank eases domestic restrictions
The regulator made the announcement to clarify the capital control rules it introduced this week to prevent a run on the country’s banks.
# Cyprus
Cyprus president: Crisis is 'contained' and we won't leave eurozone
Nicos Anastasiades has also thanked the Cypriot public for their “maturity and collectedness” as the banks reopened.
Voices
Column: EU unity is little more than fiction in the wake of Cyprus being hung out to dry
The Cypriot case demonstrates that the European authorities are now prepared to cross the rubicon into the appropriation of deposits. It seems clear that this crisis has seen the Eurozone enter a new and dangerous phase, writes John O’Brennan.
# Cyprus
With limits on cash withdrawals, Cypriot banks reopen calmly
The restrictions on withdrawals, cashing of cheques and taking money abroad will be lifted within a month, the country’s foreign minister said today.
# Cyprus
Cyprus says banks to reopen tomorrow with tight controls
A limit of €300 will be placed on withdrawals.
# Cyprus
Fears of Cyprus-style hit on bank deposits 'scaremongering', says MEP
Fine Gael’s Sean Kelly says there’s “no connection whatsoever” between the situations in Ireland and in Cyprus.
# Cyprus
Updated: All banks in Cyprus will now stay closed until Thursday
Earlier it had been reported that all banks, aside from the country’s two biggest financial institutions, would reopen tomorrow.
Voices
Column: It's been an emotional upheaval but at least Cypriots are standing united
The people of Cyprus are no strangers to losing their belongings, as history has shown, writes Yiota Demetriou – who questions why her country is getting the short end of the stick.
# Dijsselbomb
Update: Eurozone head insists Cyprus deal not template for future bailouts
Jeroen Dijsselbloem had earlier said the Cyprus template – where depositors and bondholders are hit before governments – is the new model for how troubled banks will be handled. He has since clarified the remarks.
# Cyprus
Cyprus reaches last minute deal to avoid bankruptcy
A failure to reach a deal could have seen the country exit the Euro.
# Explainer
Explainer: Your 25-point crash course on what’s happening in Cyprus
Bailouts! Deposit levies! Leaving the euro? It’s all been happening in the last ten days.
# Cyprus
Noonan insists: 'We would never hit depositors in Ireland'
Speaking in Brussels ahead of crunch talks on a proposed bailout for Cyprus, Finance Minister Noonan said he expected to reach a deal but that it will be a long night.
# Cyprus
Eurozone finance ministers to meet in Brussels on Cyprus crisis
Ministers will hold a last-ditch meeting to decide whether Cyprus will get a bailout – or be forced to leave the euro.
# Cyprus
Merkel ally admits European authorities underestimated Cyprus 'mess'
Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.
# Cyprus
Cyprus president prepares for Brussels as parties debate 25pc deposit tax
The Troika are in Cyprus for intensive talks, while Nicos Anastasiades could yet lead a delegation to Brussels this afternoon.
# Not the News
Here is the week's news... skewed
Breaking via The Mire wire: RTE stars confused by Pope’s message of humility, and Office of Public Works ‘may never know’ the source of the Cork floods.
# On the brink
How the Cyprus bank closure is crippling business on the island
“We cannot buy, we cannot sell.”
# Cyprus
Cypriot parliament approves first EU bailout measures
MPs voted in favour of a national solidarity fund meaning the nationalisation of public and private sector pensions and of capital controls to prevent a run on banks.
# need to know
The Evening Fix... now with added chicks sniffing daffodils
The things we learned, loved and shared today…
# Cyprus
Cyprus parliament to vote on plans to 'armour the banking system'
Officials scramble to cement a revised plan to stop a possible collapse of the country’s banking system.
# Cyprus
Eurogroup ready to discuss new Cyprus proposal
The group reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU.
# need to know
The Evening Fix... now with added imaginary friends
The things we learned, loved and shared today…