Streams

Joanna Kakissis

Joanna Kakissis appears in the following:

After 2-Week Closure, Cypriot Banks Reopen

Thursday, March 28, 2013

The Mediterranean island nation's leaders are hoping to prevent a bank run. Customers could see limits on cash withdrawals that could last for months. The terms of the bailout deal are a shocking outcome for a country which built itself on its banking industry.

Comment

Cypriots Question EU's Motives Behind Bailout

Monday, March 25, 2013

Cyprus has secured a $13 billion package of rescue loans in tense, last-ditch negotiations. Some in Cyprus question whether the European Union wanted Cyprus' recently discovered natural gas reserves or big bank deposits to go to German banks.

Comment

Cypriot Parliament Faces Bankruptcy Deadline

Friday, March 22, 2013

The tiny Mediterranean island-nation of Cyprus is teetering on the edge of insolvency after rejecting a tax on bank deposits imposed by the E.U. and IMF in exchange for a bailout. Cyprus has until Monday to approve a new bailout plan.

Comment

Cyprus's Lawmakers Reject Bank Deposit Tax, Tangling Bailout Negotiations

Tuesday, March 19, 2013

In Cyprus, the parliament is wrestling with a European Union-imposed plan that would seize at least 10 percent of the bank savings of wealthy people and possibly 7 percent from everyone else, to help defray the cost of bailing out Cypriot banks. On Tuesday, lawmakers voted against a modified version of the plan.

Comment

Cyprus Proposes Exempting Smaller Deposits From Tax

Tuesday, March 19, 2013

The government of Cyprus is trying to ease fears over a proposed tax on bank deposits. Newly proposed legislation would exempt savers with smaller accounts. It's part of a bailout plan for that Mediterranean country, negotiated with the E.U. and IMF over the weekend.

Comment

E.U. Tax Proposal On Cypriot Bank Deposits Riles Russia

Tuesday, March 19, 2013

There has been angry reaction in Russia and Cyprus to the E.U.'s proposal to seize nearly 10 percent of large deposits in Cypriot banks, and roughly 7 percent of smaller deposits. That would force Russian oligarchs and ordinary citizens to bear much of the cost of the bank bailout in Cyprus.

Comment