A victorious Syriza is in talks to find an ally to build a new Greek government but the left-wing party faces more immediate and pressing problems.» Read More
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.
STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600 jobs.
As the Cypriot parliament decides on a deposit levy, the shadow of Russian money in the island looms large.
European Markets Open Sharply down.
Chris Weston, institutional dealer at IG Markets, says there have been a lot of sell orders but he hasn't seen a panic yet on Cyprus's deposit levy.
Clem Chambers, CEO at ADVFN says the levy on Cyprus banks is unprecedented and signals your money isn't safe. He also says that EU, ECB and IMF have torn up the rule book and they can do it again.
Adarsh Sinha, Head of Asia Pacific G10 FX Strategy at BofA Merrill Lynch Global Research says the Cyprus bailout offer of levying bank deposits came as a surprise and he's bearish on the euro-dollar.
Mikio Kumada, Executive Director & Global Strategist at LGT Capital Partners says the Cypriot banks are funded by a huge deposit base and the levies are a one off event.
Cyprus' finance minister, Michael Sarris, tells CNBC why he defends the controversial tax on bank deposits.
Kelvin Tay, Regional CIO at UBS Wealth Management, gives advice following the controversial bank bailout news from Cyprus.
Susan Schwab, currently a member of the Governing Board at the LKY School of Public Policy, gives her initial reaction to the news from Cyprus from the perspective of a former U.S. trade negotiator.
Gregorio Saichin, Head of Emerging Markets & High Yield Fixed Income Funds at Pioneer Investments, explains how the situation in Cyprus will play out in the sovereign bond markets in the long-term.
Richard Jerram, Chief Economist at Bank of Singapore discusses the threat of other debt-riddled nations following Cyprus' unusual bailout proposal.
Cyprus' president was in talks to ease the terms of a bailout as he tried to scrape together support for the deal, the FT reports.
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 will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
Europe's rescue of Cyprus, partly funded by bank deposits, is not applicable to other euro zone countries, according to an economy ministry source in Spain.
Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.
Valdis Dombrovskis, prime minister of Latvia, said Paul Krugman is wrong in his criticism of Latvia's austerity measures and that his country will join the euro on January 1 next year.
European shares are lower as finance ministers prepare to discuss Cyprus bailout. CNBC's Simon Hobbs reports.
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Michael Pettis, finance professor at Peking University, says the reforms China needs to implement to rebalance its economy will cause it to "slow significantly".
Former deputy finance minister of Greece Petros Doukas, says Syriza will not be able to deliver its promises regarding the renegotiation of debt.
Speaking after Syriza won the Greek election, Geoffrey Yu, senior foreign exchange strategist at UBS, discusses what the result means for the euro.