Russia is getting close to Cyprus once again, despite their relationship being sorely tested when the island's banking system collapsed in 2013.» Read More
Cypriot Finance Minister Harris Georgiades talks about his country's faster-than-expected rebound.
Cyprus' debt has been upgraded just 9 months after a massive banking crisis on the tiny island nation. CNBC's Michelle Caruso-Cabrera provides insight on her interview with Cypriot Finance Minister Harrris Georgiades about the country's recovery, and bitcoin.
Harris Georgiades, Finance Minister of Cyprus, told CNBC's Michelle Caruso-Cabrera that S&P's move to upgrade the nation's sovereign debt was uplifting for Cypriots.
David Lascelles, chairman of the Independent Commission on the Future of the Cyprus Banking Sector, says that there has been no return of confidence to the Cypriot banking sector after the banking crisis last year.
Harris Georgiades, Cyprus's finance minister, says the country's resilience has exceeded expectations, as the island is now "out of the danger zone" and has entered a "stabilization phase".
Harris Georgiades, Cyprus' finance minister, underlines the progress Cyprus has made in implementing "hard but necessary decisions."
Gabriel Sterne, senior economist for Exotix and David Lascelles, chairman of the Independent Commission for the Cyprus Banking Sector, discuss how to fix Cypriot banks.
The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders.
Gerhard Schick, financial policy spokesman for the Green Party, tells CNBC why the handling of the Cyprus crisis was a disaster and why Europe needs an institution that can cope with the banks.
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.