Europe News


  • Cyprus Bank Tax Will 'Create Stampede': Politician  Tuesday, 19 Mar 2013 | 3:11 AM ET

    Efi Xzanthou, a member of Cyprus's Green Party and Parliamentary Finance Committee, tells CNBC that as soon as they open there will be a run on the banks as no depositor will feel safe.

  • Cyprus Levy 'Not Such a Bad Idea': Pro  Tuesday, 19 Mar 2013 | 3:00 AM ET

    Stephane Deo, global head of asset allocation at UBS, tells CNBC that taxing small savers in Cyprus is the wrong thing to do, and taxing big depositors is a better solution.

  • Experts Warn On Cyprus Bank Tax  Tuesday, 19 Mar 2013 | 2:38 AM ET

    The Cypriot parliament will today vote on the highly controversial levy on bank deposits, CNBC has been speaking to a number of market experts who all warn that the tax sets a dangerous precedent.

  • Cyprus Tax: 'Blowing Capitalism's Brains Out'  Tuesday, 19 Mar 2013 | 2:30 AM ET

    Steve Keen, professor of economics at the University of Western Sydney, argues that if you destroy the trust depositors have in their bank accounts then you destroy the oil of capitalism.

  • Berlusconi Threatens Protests, Italy Stalemate Deepens Tuesday, 19 Mar 2013 | 2:27 AM ET
    Silvio Berlusconi

    Former Italian Prime Minister Silvio Berlusconi promised a wave of protests if a center-left candidate was elected to succeed President Giorgio Napolitano.

  • How Do You Play the Cyprus Bailout?  Tuesday, 19 Mar 2013 | 2:00 AM ET

    Ashraf Laidi, chief global strategist at City Index, tells CNBC that investors, who want to play the Euro without the periphery, should play the Swiss Franc.

  • The Cyprus Conundrum: Too Many Unknowns  Tuesday, 19 Mar 2013 | 1:50 AM ET

    Ralph Silva, Research Director at SRN Research says the Cyprus deposit levy was unexpected and now there are too many unknowns.

  • Cyprus Not an Immediate Problem  Tuesday, 19 Mar 2013 | 1:05 AM ET

    Richard Martin, Managing Director at IMA Asia says the Cyprus controversy does not have an immediate impact on the real economy.

  • Russia to Play Hardball on Cyprus Loan: Pro Tuesday, 19 Mar 2013 | 12:29 AM ET

    Plans to tax Cypriot bank deposits as part of a bailout could push Russia, which accounts for about 30 billion euros in deposits in the island, to play "hardball" over renegotiating terms of a loan granted to Cyprus in 2011, says an expert.

  • Dirty Money From Russia?  Monday, 18 Mar 2013 | 7:44 PM ET

    Almost 40 percent of deposits in Cypriot banks belong to foreigners, with CNBC's Robert Frank; and Ken Rijock, financial crime consultant; Mark Hannah, Former Kerry & Obama Campaign Aide; and Chip Saltsman, Former Huckabee Campaign Manager, discuss.

  • Wall St. Worries Over Cyprus  Monday, 18 Mar 2013 | 7:15 PM ET

    Will the Cyprus crisis silence the bulls? Bob Doll, Nuveen Asset Management; Joe Lavorgna, Deutsche Bank; and Larry McDonald, Newedge, share their opinions.

  • Bank Levy a Last Resort Template for EU: Pro  Monday, 18 Mar 2013 | 7:07 PM ET

    John Calverley, Head of Macroeconomics at Standard Chartered, says the levy on bank deposits in Cyprus is unlikely to destabilize the euro zone but has added "another vulnerability."

  • Cyprus Bailout Crisis Shakes Investors  Monday, 18 Mar 2013 | 7:00 PM ET

    CNBC's Michelle Caruso-Cabrera reports for the first time ever in the European crisis, portions of bank accounts will be seized in order to pay for a bailout; and Charles Dallara, Americas of Partners Group weighs in.

  • Genesis of The Cyprus Crisis  Monday, 18 Mar 2013 | 6:12 PM ET

    Mujtaba Rahman, Senior European Analyst at Eurasia, talks about the root of the Cyprus' crisis and its potential impact on its ties with Moscow.

  • The Cyprus bailout chaos was came from a bad idea, Dennis Gartman says.

  • Trading the Cyprus Threat  Monday, 18 Mar 2013 | 5:00 PM ET

    CNBC's Julia Boorstin reports Electronic Arts CEO is stepping down; and dissecting today's trading session and the Cyprus threat, with the "Fast Money" traders and Paul Donovan, UBS.

  • Cyprus Reworks Divisive Bank Tax  Monday, 18 Mar 2013 | 4:30 PM ET

    Europe's debt crisis is taking a decidedly ugly turn in Cyprus as depositors are trying to avoid a surprise tax on their savings accounts, with CNBC's Robert Frank.

  • Will Cyprus End the Financials Rally?  Monday, 18 Mar 2013 | 2:45 PM ET

    Most of the banks are lower today. So will Cyprus end the rally in the financials? Paul Miller, FBR Capital Markets, weighs in.

  • Treasury: Monitoring Situation in Cyprus Closely  Monday, 18 Mar 2013 | 2:30 PM ET

    Treasury Secretary Lew has been speaking with European counterparts, reports CNBC's Eamon Javers.

  • The Euro Falls, What Now?  Monday, 18 Mar 2013 | 2:27 PM ET

    The euro is sliding on the Cyprus news, and the government of Cyprus hasn't even voted to approve the package yet. Andrew Busch, Andrewbusch.com, weighs in.

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