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  • Cyprus Finance Minister: We Hope People Believe Us Sunday, 17 Mar 2013 | 11:51 AM ET
    People withdraw money from an ATM in the Cypriot capital Nicosia. The Cyprus government postponed a planned emergency session of parliament on Sunday to debate a controversial EU bailout.

    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.

  • Will Cyprus Vote for Savings Levy? Sunday, 17 Mar 2013 | 3:18 AM ET
    Cypriot President Nicos Anastasiades

    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.

  • Cyprus Rescue Not a Fit for Other Countries Saturday, 16 Mar 2013 | 3:41 PM ET

    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.

  • Krugman Can't Admit He Was Wrong: Latvia PM Friday, 15 Mar 2013 | 12:56 PM ET

    Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.

  • Krugman Is Wrong: Latvia PM  Friday, 15 Mar 2013 | 12:35 PM ET

    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.

  • Euro Markets Decline on Recession Talk  Friday, 15 Mar 2013 | 12:30 PM ET

    European shares are lower as finance ministers prepare to discuss Cyprus bailout. CNBC's Simon Hobbs reports.

  • Cyprus Bailout Less Than Thought on Tax Boost Friday, 15 Mar 2013 | 11:50 AM ET
    Cyprus, Episkopi Bay

    A Cyprus bailout is likely to be close to 10 billion euros ($13 billion), or much lower than forecast thanks to tax measures that are likely to boost revenues.

  • Cracks Starting to Appear in Solid Italy Bond Market Friday, 15 Mar 2013 | 9:40 AM ET

    Chinks are showing in the Italian bond market's resilience to the political stalemate that followed last month's election.

  • Draghi Lectures Euro Zone Leaders About Labor Costs Friday, 15 Mar 2013 | 8:44 AM ET
    Mario Draghi

    European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasizing his concerns about low productivity and high labor costs hurting the euro zone's prospects.

  • Inflation pressures in the euro zone are easing, giving governments and central bankers a touch more leeway for stimulus as the region's leaders seek to shift their focus to reviving economic growth.

  • Could Hungary Be Thrown Out of the EU? Friday, 15 Mar 2013 | 7:55 AM ET
    Budapest, Hungary

    Hungary's increasingly aggressive moves against media, judiciary and central bank independence will be discussed by European Union heads of states on Friday.

  • Global Markets: EU Markets Open Slightly Higher  Friday, 15 Mar 2013 | 6:10 AM ET

    CNBC's Kelly Evans reports European shares were relatively unchanged in morning trading.

  • Nicosia, Cyprus

    EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day.

  • Private Equity to Fill Lending Gap?  Friday, 15 Mar 2013 | 5:30 AM ET

    Robin Doumar, managing partner at Park Square Capital says that private equity firms and institutional investors can fill the void left by a pullback in bank lending.

  • EU Finance Experts Burn Midnight Oil Over Cyprus Friday, 15 Mar 2013 | 4:29 AM ET
    Kakopetria in Solea Valley, Trodos, Cyprus

    EU and IMF officials planned to work on a rescue package for Cyprus through the night in Brussels to get an outline of a bailout program to euro zone finance experts.

  • No Threat to Democracy Here: Hungary PM Friday, 15 Mar 2013 | 4:14 AM ET
    Hungarian Prime Minister Viktor Orban

    Hungarian Prime Minister Viktor Orban dismissed criticism that changes his government has made to the constitution are anti-democratic.

  • Crisis-Hit EU States Get Wiggle Room on Deficits Friday, 15 Mar 2013 | 4:13 AM ET

    European leaders meeting in Brussels on Thursday hinted that some countries could be given more time to meet their deficit goals as they address high unemployment and seek to ease the pain of tough austerity measures.

  • European Market Opens Slightly Higher  Friday, 15 Mar 2013 | 4:00 AM ET

    European shares opened slightly higher on Friday, with some focus on a European Union (EU) summit and finance ministers meeting in Brussels where Cyprus is expected to be high on the agenda.

  • Guernsey Tax Deal: Report Unpaid Tax or Face Penalty Friday, 15 Mar 2013 | 3:15 AM ET

    British citizens using Guernsey to keep their money from the prying eyes of the taxman will have to declare their assets to the Treasury under an agreement designed to combat tax evasion. The Financial Times reports.

  • Martin Schulz, president of the European Parliament, tells CNBC that the EU needs a combination of budgetary discipline and strategic investment in growth to relaunch the economy, and should work hard in regaining citizens' trust.

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