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Monday 2 October 2023 Dublin: 11°C

# Cyprus

All time
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.
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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.
Eurogroup ready to discuss new Cyprus proposal
The group reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU.
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Bank of Cyprus urges bailout deal to save island from ruin
The bank said in a statement that the next move “may prove its salvation or destruction”.
UPDATE: Cyprus to create ‘solidarity fund’
The country’s president said a decision must be made today. Meanwhile, the Finance Minister remains in Russia for negotiations.
Cyprus president demands bailout decision on Thursday
Earlier today the European Commission said it is up to the Cypriot government now to present an alternative scenario for the bailout.
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Irish Government 'will not be targeting bank deposits like Cyprus'
Simon Coveney said that from a government point of view, it will not be targeting bank deposits for any purpose.
Brussels: 'It's up to Cyprus to come up with a revised bailout deal'
The European Commission says there’s nothing else it can do if the Cypriot parliament won’t approve the bailout it offered.
Cyprus minister: Troika rejects our Plan B, and banks might never re-open
The interior minister says the Troika has rejected alternative options put forward by Cyprus for securing its €10 billion loan.
Cyprus turns to Russia for help after MPs reject deposit tax
While President Nicos Anastasiades meets party leaders at home, the finance minister heads to Moscow with cap in hand.
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Cyprus MPs overwhelmingly reject tax on deposits
Thirty six voted against it, while there were 19 abstentions.
British military plane takes €1 million to Cyprus
The defence ministry said the cash cargo flight is a “contingency” plan in case banks in the country stop giving out money.
Cyprus to exempt small savers from deposit tax ahead of crucial vote
Accounts with balances under €20,000 will be exempted from a controversial levy if it is approved by MPs today.
Ireland not impacted by Cyprus' bailout deal - Kenny
Banks in Cyprus remain closed as discussions continue on the terms of the proposed bailout deal.
Poll: Is Cyprus right to tax people's savings?
Cyprus is trying to push ahead with the EU bailout deal which will see people’s savings taxed – but is this fair?
Cyprus postpones crucial vote on unpopular bailout until Tuesday
The president is trying to get parliamentarians to back the bailout deal that slaps a hugely unpopular levy on bank savings.
Cypriot president: Bank deposits levy the 'least painful option'
“The solution we came to is certainly not the one we wanted, but its the least painful under the circumstances,” president Nicos Anastasiades said in a televised address to Cypriots this evening.
Cyprus may call extra bank holiday to get time to pass unpopular bailout deal
The president needs to get the legislation ratifying the deal through parliament before banks reopen on Tuesday – or face a run on accounts.
Bank deposits hit as EU/IMF bailout for Cyprus agreed
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
Eurozone finance ministers consider Cyprus bailout
The meeting of finance ministers will follow day two of a summit by EU leaders which will focus on the Syrian crisis.
Cyprus holds presidential election following heated campaign
The campaign was focused on rescuing the recession-hit EU member state from bankruptcy.
Cyprus close to deal on becoming fourth bailed-out Eurozone country
The finance minister of Cyprus says the last few difference on a Troika bailout are “bridgeable”.
VIDEO: Ugly scenes as exploding flare is thrown at injured player in Cyprus
The club is using video footage to try and track down the fan that threw the object. Watch…
Noonan confident about bank debt deal
The Finance Minister said the ECB seem to be “more eager” to move forward.
European-wide bank supervision plans ruled out by Sweden
Meanwhile, mass anti-austerity protests have filled central Madrid.
Quest for bank debt deal to continue at Cyprus ministers' meeting
Michael Noonan will meet his counterparts from around Europe in Cyprus today, hoping to make progress on shedding Ireland’s bank debts.
Ireland will 'probably fail' to get bank debt deal by October - Bloomberg
The Department of Finance has said that the forthcoming meetings between European leaders are important to meet the end of October deadline the government has set but it isn’t looking good.
Michael Noonan set to meet with EU finance ministers
The Finance Minister is expected to discuss plans to ease austerity on bailout countries in meetings in Paris, Berlin and Rome next week.
Here's all you need to know about tonight's international action
The Irish team’s group rivals, Germany, are in action, as they take on Argentina.