Cyprus faces substantial risks to its economic outlook and its recession could be deeper than forecast, the country's central bank governor said in a prepared speech on Wednesday.» Read More
Cyprus faces substantial risks to its economic outlook and its recession could be deeper than forecast, the country's central bank governor said in a prepared speech on Wednesday.
Harris Georgiades, the Cyprus Finance Minister, tells CNBC that there greatest priority remains doing away with the capital restrictions and they are eager to repair their relationship with Brussels.
Harris Georgiades, Cyprus finance minister, comments on Cypriot reforms, discussions with Russia, capital controls and why he expects the first installment of the bailout shortly.
Anastasios Economou, founder of iGroup and YPO (Young Presidents' Organization) member, tells CNBC the Cyprus crisis has led to CEO confidence in the core European countries hitting its lowest level, as indicated by the YPO Global Pulse.
Charles Beazley, CEO of Nikko Asset Management, tells CNBC that we are coming to the end of a cycle of economics and the financial sector driving politics.
Efi Xanthou, International press relations for the Green Party in Cyprus, tells CNBC that she continues to oppose the euro zone bailout as it will destroy Cyprus's financial sector which made up 40 percent of GDP.
Bitcoin likely has a long way to go before regulators start controlling the market, and once it does get there it may not be for the right reasons.
Jean-Michel Six, MD and Chief EMEA Economist, tells CNBC that the handling of the Cyprus crisis is very typical European process.
The governor of Cyprus's central bank failed to regulate its banking system effectively, the island's president Nicos Anastasiades told ECB chief Mario Draghi.
Malta's banking sector is seven-times the size of its economy and proportionally bigger than that of Cyprus, but Fitch Ratings said although it is less at risk in the short-term, it could still fall foul of EU leaders' crackdown on outsized and offshore bank sectors.
Bob Parker, senior advisor at Credit Suisse, tells CNBC that in the very long-term Cyprus will be able to find the money for its share of its bailout deal.
Peer Steinbruck, chancellor candidate for the Social Democrat Party, tells CNBC that there is excessive austerity in countries like Greece and Portugal.
The new finance minister of Cyprus Harris Georgiades has told CNBC he country is in for a "rough ride" following the agreement of a bailout for his country.
Anders Borg, Sweden's finance minister, tells CNBC that its difficult to assess the bailout costs for Cyprus and these costs could rise.
Olli Rehn, vice president of the European Commission, explains why the Cyprus growth forecasts are being revised.
Claus Vistesen, editor at Variant Perception and James Ashley, senior economist at RBC Capital Markets, discuss gold prices and how the news that the Bank of Cyprus might sell its gold reserves has impacted the market.
The financial situation in the tiny island nation is high on the agenda of the euro zone's finance ministers, reports CNBC's Michelle Caruso-Cabrera.
Reports circulating in Europe say the president of Cyprus planned to ask the European Union for "extra assistance," but not an increase in bailout loans, says CNBC's Julia Chatterley.
Peter Spiegel, Brussels bureau chief for the Financial Times, discusses what is on the agenda at the Eurogroup meeting taking place in Dublin.
Harris Georgiades, Cypriot finance minister, tells reporters in Dublin, that Cyprus will make the existing bailout deal work and doesn't need additional funding.