Cyprus Deal Protects Smaller Depositors

Cyprus struck a last-minute bailout deal in the early hours of Monday morning, aimed at preventing the island becoming the first country forced out of the single European currency. The deal spares all amounts in bank accounts below  ...

Cyprus Drops Tax on Savings – But What Happens Now?

The banking crisis in Cyprus continues - with banks there staying closed until at least next Tuesday . Original plans to levy a tax of upto 9.9% on deposit accounts have been dropped after a vote in Parliament ...

Deposit Accounts in Cyprus hit with €5.8 Billion Levy

If you think our Property Tax is bad - wait until you hear what European finance ministers have done to savings accounts in Cyprus. The EU ministers have agreed a  €10 billion  bailout for the banks in Cyprus  ...