×

Economic Regions The European Union

  • Cyprus Reaches Bailout Deal

    The EU and IMF officials struck a last minute deal with Cyprus, which includes a levy on uninsured deposits over 100,000 euros in the nation's second largest bank, reports CNBC's Michelle Caruso-Cabrera.

  • The Root Cause of Credit Woes in Cyprus

    Harry Wilson, MAEVA Group chairman & CEO; and Howard Ward, GAMCO Investors CIO, discuss what the Cyprus deal means for the markets and the rest of the euro zone.

  • Global Markets: EU Shares Higher on Cyprus Deal

    CNBC's Ross Westgate reports a last-minute deal reached with the island nation's European partners, prevented a collapse of its troubled banking sector.

  • Michael Sarris, Cyprus's finance minister, listens during a news conference following the Eurogroup meeting in Brussels, Belgium, on Monday, March 25, 2013.

    An eleventh-hour deal in Cyprus helped Asian and European markets higher on Monday, but analysts warn that "risk-on" may be short lived, with downside risks remaining.

  • Cyprus Reaches Bailout Deal

    CNBC's Michelle Caruso-Cabrera and Kelly Evans report the EU and IMF officials struck a last minute deal with Cyprus. The proposal includes a levy on uninsured deposits over 100,000 euros.

  • Silvio Berlusconi repeated a demand on Monday to be included in any new Italian government, but there was no sign his center-left rival would renege on a promise not to ally with the tycoon as a way out of political stalemate.

  • Trouble in the Troika Paradise?

    CNBC's Squawk Box discusses whether the messy Cyprus deal will cast doubt over future Troika deals.

  • Positive Europe Outlook With Cyprus Deal Reached

    Christian Schultz, Senior Economist at Berenberg Bank says Cyprus is too small for markets to be worried about.

  • Cyprus is Toast

    Clem Chambers, CEO at ADVFN says Cyprus's economy is based on finance and no one will be going into that sector going forward, even with the deal agreed upon.

  • Cyprus Avoids Disorderly Default

    Jesper Bargmann, Head of G11 SPOT FX, Asia Pacific at RBS Global Banking & Markets says while Cyprus has avoided a default, there are plenty of issues in Europe that could cloud the outlook for the single currency.

  • Cyprus Finance Minister: Russia is Disappointed

    In an exclusive interview, CNBC's Julia Chatterley asked Cypriot Finance Minister Michael Sarris what the island's bailout deal means for Russia.

  • Preventing Capital Flight Out of Cyprus

    Seng Wun Song, Regional Economist at CIMB and Gary Dugan, CIO, Asia & Middle East, Coutts talk about capital controls just as Cyprus reaches a bailout deal with its international lenders.

  • Eurogroup Will Do Best To Keep Cyprus In Group: Pro

    Marc Lansonneur, Regional Head of Investment and Market Solutions at Societe Generale Private Banking, Asia Pacific, discusses why he thinks the Eurogroup will do its best to keep Cyprus as a member of the bloc despite its size.

  • China's Economic Rebalancing Act

    Michael Spence, Professor of Economics at the Stern School of Business at New York University, explains why he thinks China may unveil a set of fairly large system reforms in the next few months as the country attempts to rebalance its economy.

  • Cypriots line up at a Laiki Bank ATM to withdraw their money.

    It appears the fight is no longer about whether both of Cyprus large banks will get smaller — they will. The only question is how. Bankers, politicians, and bureaucrats are throwing around all kinds of bank restructuring phrases.

  • Riot police in Cyprus stand on guard as protesters near by protest the governments handling of the banking crisis.

    The assessment of officials and bankers on the Mediterranean island suggest the bulk of the billions of euros of Russian money in Cyprus comes from smaller firms and middle-class savers, and not the super-wealthy.

  • If Cyprus Defaults, Should Investors Care?

    Discussing whether a Cypriot default is reason for investors to worry in addition to winners & losers in this market, with the Fast Money team. Meanwhile Axel Merk, Merk Investments, says the bull rally will correct at some point, but Cyprus will not be the catalyst.

  • Cypriots line up at a Laiki Bank ATM to withdraw their money.

    Cyprus is expected to take some dramatic measures this weekend to secure an EU bailout, including approving some type of tax on big savers.

  • The Chancellor is under pressure after the UK lost its AAA credit rating last month and the lack of growth in the economy, is predicted to reveal plans to continue with his austerity strategy to cut the UK's deficit.

    Fitch ratings agency warns that they may cut the UK's AAA credit rating due to the country's deep economic problems.

  • Cyprus' lawmakers geared up to vote on a series of bills put forward in a renewed effort to strike a bailout deal with European partners on Friday after talks with Russia collapsed.