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    Mar 21, 2013 |Story| Los Angeles Times

  1. Cyprus faces Monday deadline to find $7.5 billion

    ATHENS -- The clock began ticking for Cyprus on Thursday when the European Central Bank warned the beleaguered country that it had until Monday to find $7.5 billion needed to qualify for a financial bailout.
    ATHENS -- The clock began ticking for Cyprus on Thursday when the European Central Bank warned the beleaguered country that it had until Monday to find $7.5 billion needed to qualify for a financial bailout. The stern ultimatum that the European Central...

    Tags: Central Bank, Dmitry Medvedev, Cyprus, Economy, Business and Finance, European Parliament

    2. Mar 24, 2013 |Story| Los Angeles Times

  2. Cyprus, creditors reach draft deal for avoiding economic collapse

    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency.
    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency....

    Tags: Nicos Anastasiades, International Monetary Fund, Cyprus, European Union, Nicosia (Cyprus)

    3. Mar 22, 2013 |Story| Los Angeles Times

  3. Cyprus scrambles to put together bailout package

    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating default.
    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...

    Tags: Central Bank, European Union, Chinua Achebe, Economy, Business and Finance, Religion and Belief

    4. Mar 20, 2013 |Story| Los Angeles Times

  4. Could tiny Cyprus trigger collapse of the Eurozone?

    It’s being marketed as a one-time tax -- a civic donation to the nation’s financial stability. But the people of Cyprus know it by another name: expropriation.
    It’s being marketed as a one-time tax -- a civic donation to the nation’s financial stability. But the people of Cyprus know it by another name: expropriation. A government plan to siphon as much as 10% from individual bank deposits to co-...

    Tags: Banking, Economy, Business and Finance, Nazi Party, Nicos Anastasiades, International Monetary Fund

    5. Mar 18, 2013 |Story| Los Angeles Times

  5. Cyprus shuts banks through Thursday amid fears of widening crisis

    ATHENS — Amid renewed fears of a widening economic crisis in Europe, Cyprus on Monday ordered its banks shut through Thursday, postponing for a second time in two days a crucial parliamentary debate on whether bank depositors on the Mediterranean island should pay a levy of up to 10% in exchange for a $13-billion international bailout.
    ATHENS — Amid renewed fears of a widening economic crisis in Europe, Cyprus on Monday ordered its banks shut through Thursday, postponing for a second time in two days a crucial parliamentary debate on whether bank depositors on the Mediterranean...

    Tags: Germany, European Union, Economy, Business and Finance, Vladimir Putin, Angela Merkel

    6. Feb 7, 2013 |Story| Los Angeles Times

  6. Ireland seals deal to ease crippling bank bailout costs

    LONDON — Ireland sealed a deal with the European Central Bank on Thursday to ease the crippling cost of its public bailout of failing banks, keeping the country on track to wean itself from international emergency loans.
    LONDON — Ireland sealed a deal with the European Central Bank on Thursday to ease the crippling cost of its public bailout of failing banks, keeping the country on track to wean itself from international emergency loans. By overhauling repayment...

    Tags: International Monetary Fund, Central Bank, Economy, Business and Finance, Mexico, Enda Kenny

    7. Jan 23, 2013 |Story| Los Angeles Times

  7. Investors say U.S. fiscal woes pose biggest risk to global economy

    WASHINGTON -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday.
    WASHINGTON -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday. More than a third of...

    Tags: John Boehner, Central Bank, European Union, Public Finance, U.S. Congress

    8. Dec 13, 2012 |Story| Los Angeles Times

  8. European officials move to unify banks, aid Greece

    LONDON -- European officials Thursday took two more steps in their fight against the region's lingering debt crisis, agreeing on a deal to put big banks under the oversight of a single supervisor and releasing desperately needed loans for Greece to pay its mounting bills.
    LONDON -- European officials Thursday took two more steps in their fight against the region's lingering debt crisis, agreeing on a deal to put big banks under the oversight of a single supervisor and releasing desperately needed loans for Greece to pay...

    Tags: Central Bank, European Union, Economy, Business and Finance, Business Institutions, France

    9. Sep 7, 2012 | Los Angeles Times

  9. Eurozone pulls back from the brink of catastrophe -- again

    World Now
    Global Focus: Europe's economic roller coaster slowed to a safe stop Thursday, after the latest white-knuckled plunge toward disaster, when European Central Bank President Mario Draghi vowed to control soaring interest rates that threaten to bankrupt...
    10. Aug 24, 2012 | Los Angeles Times

  10. Greek leader asks Germany for 'more room to breathe'

    World Now
    Greek Prime Minister Antonis Samaras asked for more time from Berlin on Friday to implement the deep austerity measures required of it under the terms of its financial bailout. German Chancellor Angela Merkel insisted that Athens stick to its commitments....
    11. Sep 6, 2012 | Los Angeles Times

  11. European Central Bank to buy bonds of several troubled nations

    World Now
    The European Central Bank announced Thursday that it would buy the bonds of financially flailing countries such as Spain and Italy in unlimited quantities if necessary to keep their borrowing costs down, in an unprecedented move to keep a lid on the...
    12. Sep 6, 2012 | Los Angeles Times

  12. Boat filled with Syrians, Iraqis sinks off Turkey; scores dead

    World Now
    A fishing boat packed with Syrian and Iraqi refugees struck rocks and sank off the coast of western Turkey, drowning scores of people, Turkish media reported....
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