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No new haircut for Cyprus depositors

April 12, 2013 12:02
The 23-billion-euro bailout for Cyprus does not mean that savers will be hit by a new "haircut" on deposits, the government spokesman said on Friday. "The European Commission's assessment ... raising the financing needs of Cyprus from 17.5 billion to 23.5 billion ... in no way indicates that a de facto new recapitalisation will be imposed on banks or any extra charges to depositors," Christos Stylianides told reporters. He said the extra 6 billion euros estimated by the European Commission puts no additional pressure on the eastern Mediterrranean island's economy.

Eurogroup statement on Cyprus

April 12, 2013 08:16
DUBLIN (Reuters) - Following is the text of the Eurogroup's statement on Cyprus following a meeting of euro zone finance ministers in Dublin on Friday. "The Eurogroup welcomes the staff-level agreement that has been reached between Cyprus and the Troika institutions on the policy conditionality underlying the macroeconomic adjustment programme. The agreement is fully in line with the parameters and key objectives set by the Eurogroup on March 25.

De Guindos rules out contagion but calls for "conclusive" accord

March 24, 2013 19:45
Brussels, Mar 24 (EFE).- Spain's economy and competitiveness minister, Luis de Guindos, on the weekend ruled out the possibility that the Cyprus financial crisis could result in wider contagion among European economies but he also warned of the risk if the Eurogroup does not forge a "conclusive" agreement on Sunday to resolve the island nation's economic troubles.

URGENT ¥¥¥ Eurogroup chair calls Cyprus meeting for 1700 GMT Sunday

March 23, 2013 11:45
Eurogroup head Jeroen Dijsselbloem announced that eurozone finance ministers will assemble in Brussels from 1700 GMT on Sunday, aiming to nail down a bailout for Cyprus and get the island's banks back open. "Eurogroup tomorrow 6pm will be in Brussels," the Dutch finance minister, who chairs the group's meetings, said on Twitter of face-to-face talks scheduled after a week of repeated conference calls over the crisis in Cyprus. rt/jhb

Cypriot parliament to debate levy only after Eurogroup meeting - official

March 23, 2013 04:45
NICOSIA (Reuters) - The Cypriot parliament will not debate a possible levy on bank deposits until after finance ministers of the 17-nation euro zone meet on Sunday, a senior lawmaker said on Saturday. "We will meet after the Eurogroup meeting. I don't know when," the lawmaker, who declined to be named, told Reuters. (Reporting by Michele Kambas; Writing by Matt Robinson; Editing by Pravin Char)

Eurogroup wants Troika to review Cyprus' "Plan B"

March 21, 2013 18:16
Brussels, Mar 21 (EFE).- Finance ministers from the euro zone nations said Thursday they are ready to look at an alternative proposal from Cyprus to resolve that country's financial crisis, but insisted the plan must be reviewed by the Troika. "The Eurogroup stands ready to discuss with the Cypriot authorities a draft new proposal, which it expects the Cyprus authorities to present as rapidly as possible," Eurogroup President Jeroen Dijsselbloem said after a conference call with the ministers.

Eurogroup says Cyprus to make bank-deposit levy more progressive

March 18, 2013 18:45
Brussels, Mar 18 (EFE).- Finance ministers from the 17 euro zone nations expressed unanimous support Monday for exempting people with less than 100,000 euros in their accounts from a bailout-linked levy on bank deposits in Cyprus. "The Eurogroup continues to be of the view that small depositors should be treated differently from large depositors and reaffirms the importance of fully guaranteeing deposits below EUR 100,000," Eurogroup President Jeroen Dijsselbloem.

Eurogroup seeks Cyprus bailout nearer 10 billion euro - Dijsselbloem

March 13, 2013 15:15
AMSTERDAM (Reuters) - The Cyprus bailout should be nearer 10 billion euros (8.6 billion pounds) and below 17 billion euros in size, the head of the Eurogroup of euro zone finance ministers told the Dutch parliament on Wednesday. Jeroen Dijsselbloem, who also is the Dutch finance minister, said he could not give an exact figure for the bailout when questioned in parliament about Friday's meeting of EU finance ministers. (Reporting by Thomas Escritt; Editing by Sara Webb and Michael Roddy)

REUTERS WORLD NEWS OUTLOOK

February 8, 2013 05:46
Following are some of the main world news events expected in the next week (all times GMT). Asterisks denote new listings. - - - - FRIDAY, FEBRUARY 8 ** MOSCOW - Russian President Vladimir Putin meets Kazakh President Nursultan Nazarbaev. ** ARLINGTON, VA - U.S. President Barack Obama attends ceremony for departing U.S. Defense Secretary Leon Panetta. HAVANA - Colombian government and FARC representatives to hold new round of peace talks (to Feb. 10). - - - -

REUTERS WORLD NEWS OUTLOOK

February 7, 2013 03:01
Following are some of the main world news events expected in the next week (all times GMT). Asterisks denote new listings. - - - - THURSDAY, FEBRUARY 7 BRUSSELS - European Council meeting (to Feb. 8). ** BRUSSELS - Poland's Prime Minister Donald Tusk meets with EU Commission President Jose Manuel Barroso (1230).
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