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On Location Cyprus: Crisis for peace (VIDEO)

KONDEA TURKMENKOY, North Cyprus — Turkish Cypriots hope economic crisis prompts a peace agreement.

Cyprus leader invites family firm probe

Cyprus president Nicos Anastasiades has urged judges investigating the country's banking disaster to examine transactions handled by his family law firm as "a priority" in a bid to defuse public anger over last-minute transfers by well-connected Cypriots, Russians and Ukrainians who thereby avoided a "haircut" on their uninsured deposits.

Cyprus: did president urge in-laws to withdraw bank deposits before bailout?

Cyprus’ finance minister, Michalis Sarris, said the government knew in advance that the Eurogroup planned to impose a “haircut” on bank deposits of more than 100,000 euros, Haravgi reported, according to RT Network.

Cyprus banks to reopen Thursday

Doors will open between noon and 6 p.m. local time, with customers limited to withdrawing 300 euros ($383) a day to prevent them from leaving with their savings.

Cyprus bailout agreement prevents euro zone exit

German Chancellor Angela Merkel said she was "very pleased" with the outcome of the negotiations on Monday.

Crucial Cyprus bailout package vote looms

The European Central Bank is pushing Cyprus to reach a deal quickly or it will risk Cypriot banks losing their financing.

Why Cyprus matters, and how it can rattle the world's markets

The reason that such a small country has sparked economic rumblings across the world markets is the precedent being set in the bailout deal.

Why a ‘small’ bailout for little Cyprus is a big deal

Commentary: Letting one member fail can be contagious for the rest of the euro zone.
Cyprus bailout 252013Enlarge
People walk past closed shops in the old town of Nicosia, Cyprus, on Jan. 26, 2013. The bailout of Cyprus is garnering much less attention than did the help provided to other struggling euro zone members. (Patrick Baz/AFP/Getty Images)
The bailout of Cyprus is garnering much less attention than did the help provided to other struggling Euro Zone members. Cyprus is tiny, and rescue or no rescue, the euro will remain largely unaffected. Or so the argument goes.
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Cyprus: Man arrested in connection with plot against Israeli tourists

The Israeli government believes that Hezbollah is behind a suspected plot against Israeli tourists in Cyprus.

Another bailout in Europe, this time for Cyprus

Finland doesn’t get the white-hot attention Germany does, but it should because it could be the driving force behind a breakup of the Eurozone. And it fired another shot: It demanded collateral for its share of the billions of euros that Cyprus would receive from the bailout Troika.
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