A big audit of Cyprus's banks is due to start soon, a precondition for the euro zone's next and least essential bailout. The aim is to show nervous German parliamentarians that Cypriot bank deposits aren't nests for Russian... more ››
The eurozone staggers from crisis to crisis and bailout to bailout. But this time the finance ministers of the single currency nations have crossed the Rubicon. Forcing a government to take money from ordinary people’s... more ››
If Cyprus had done this on its own, the country would be in trouble, but the rest of the world would just emit a bemused sigh and move on. Now, however, this plan has the imprimatur of the EU stamped on it--and so people are... more ››
Cyprus measures 0.2 percent of the Eurozone economy. A proposed rescue package is only €17 billion, of which perhaps €9 billion will be used to recapitalize banks weighed down by bad loans and losses on the Greek... more ››
Because the election there was so close, questions have emerged about how cooperative Italy will be in the future. Not only does that threaten Merkel's own combined, European approach to dealing with this crisis; it also makes... more ››