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Cyprus financial troubles raise hopes for reunification

BRUSSELS — Very little has changed in North Nicosia ever since a Turkish invasion cleaved Cyprus in half nearly 40 years ago. Turkish Cypriots still live in international isolation, scraping by on handouts from Ankara. But just a short stroll across the border separating the world’s last divided capital is like entering another world, modern and prosperous. Or at least it has been until now.

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 banks reopen under armed guard

Bank tellers, who showed up early to work expecting a rush, pleaded with customers not to take out their frustrations when doors open at 12:00 p.m. local time for the first time in 12 days.

Chatter: Cyprus banks are back

Cyprus reopens its banks for the first time in 12 days, Nelson Mandela is back in hospital, the internet reels from "the biggest cyber attack in history," and does South Africa know what's in its burgers? (Hint: it's not horse.)
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Graphic. (Antler Agency/GlobalPost)
Cyprus reopens its banks for the first time in 12 days, Nelson Mandela is back in hospital, the internet reels from "the biggest cyber attack in history," and does South Africa know what's in its burgers? (Hint: it's not horse.)
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Cyprus: Another fine mess

BRUSSELS — Cypriot banks have reopened after being closed for nearly two weeks, and tension is mounting as account holders come up against the government's tight controls on their transactions — including a 300 euro cap on ATM withdrawals and other limits on debit and credit cards. Even by euro zone standards, analysts say, the handling of Cyprus' banking crisis has been a monumental mess.

Chatter: Cyprus gets bailed out

Cyprus agrees to pay a high price for an EU bailout, the US says bye bye to its infamous Bagram prison, Hong Kong's foreign maids lose their battle for residency, and Zimbabwe's jailed human rights lawyer is freed - for now.
ChatterEnlarge
Graphic. (Antler Agency/GlobalPost)
Cyprus agrees to pay a high price for an EU bailout, the US says bye bye to its infamous Bagram prison, Hong Kong's foreign maids lose their battle for residency, and Zimbabwe's jailed human rights lawyer is freed - for now.
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How to tell if Cyprus is a problem for the European banking system

The decline in European stocks and the euro today, post-Cyprus, is an obvious outward sign of nervousness.

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.
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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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