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"[W]e are saying [to international lenders] that if you think that by doing this you are fixing things, by...destroying our economy...then we have to say 'no,'" one Cyprus politician said.
In 2004, former Goldman secretary was convicted of embezzling over $7 million from her investment banker bosses. Guess where she hid the money?
Russia could avenge the loss of billions of dollars in Cyprus by cutting Germany's energy supply, one analyst said.
French Budget Minister Jerome Cahuzac has resigned after being implicated in a tax fraud investigation.
French prosecutors opened a formal tax fraud investigation on Tuesday into allegations that Budget Minister Jerome Cahuzac held a secret bank account in Switzerland.
Britain said on Tuesday it had sent one million euros ($1.30 million) in cash to Cyprus aboard a military plane for its troops on the island in case cash machines and debit cards stop working.
A proposal to impose a tax on bank deposits in Cyprus sets an "incredibly dangerous precedent" and undermines confidence in Europe, the head of a global banking association says.
The European Union's markets watchdog has criticized the world's top three credit ratings agencies for a lack of transparency over how they evaluate banks and demanded more robust internal reviews of their methods.
Proposals to force depositors in Cyprus to contribute towards a euro zone bailout has shaken the very nature of banking to its roots, according to Dennis Gartman, editor of "The Gartman Letter", who has labeled Cyprus's recently elected President Nicos Anastasiades a "fool".
Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P's Germany head Torsten Hinrichs told a newspaper.
The decision to force bank depositors in Cyprus to contribute towards a euro zone bailout could mean the country's economy could shrink by 15 percent over the next two years, investment bank Nomura said.
As the Cypriot parliament decides on a deposit levy, the shadow of Russian money in the island looms large.
U.K. finance minister George Osborne, facing a double whammy of higher borrowing and lower growth, should announce an extra 10 billion pounds ($15 billion) of capital spending when he unveils his budget on Wednesday, an influential group of economists said.
It just may be that Cyprus' bailout deal raises more issues than it settles. Pimco CEO Mohamed El-Erian looks at the controversy.
Cyprus Finance Minister Michael Sarris told CNBC that there will be no capital restrictions and that people will be able to move their money out of the country on Tuesday after banks re-open. But he acknowledged people may doubt this.
Cyprus's parliament on Sunday postponed an emergency session to discuss a levy on bank savings imposed to partially fund an international bailout.
Cyprus's parliament will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.
A Cyprus bailout is likely to be close to 10 billion euros ($13 billion), or much lower than forecast thanks to tax measures that are likely to boost revenues.
Chinks are showing in the Italian bond market's resilience to the political stalemate that followed last month's election.