The Central Bank of Cyprus has decided to ease some of the restrictions imposed as the country’s banks reopened, following the bailout deal. Debit and credit cards can be used normally for domestic payments. Cyprus’ central bank said it would review the curbs on a daily basis and try to “refine or relax” them when… Continue reading Cyprus eases some bank restrictions
Category: Europe News
Europe news
Good Friday: Pope Francis Lying on the Floor in Prayer During Service in Saint Peter’s Basilica
Pope Francis was pictured lying on the floor during Good Friday service in Saint Peter’s Basilica at the Vatican. Presiding over his first Easter week as pope, Pope Francis lay prostrate, praying to God before the famous church’s alter atop a rug with his arms resting on a pillow. The position of worship was adopted… Continue reading Good Friday: Pope Francis Lying on the Floor in Prayer During Service in Saint Peter’s Basilica
Silvio Berlusconi rejects technocratic government idea
Former prime minister and centre-right leader Silvio Berlusconi says he is against the idea of a new technocratic government for Italy like that led by Mario Monti. Instead, Silvio Berlusconi said he was ready to back a coalition with centre-left leader Pier Luigi Bersani, to end the deadlock since the February election. However, Pier Luigi… Continue reading Silvio Berlusconi rejects technocratic government idea
Cyprus has no intention of leaving euro currency
Cyprus President Nicos Anastasiades says his country has no intention of the leaving the European single currency. Nicos Anastasiades said: “In no way will we experiment with the future of our country.” The president said the financial situation was “contained” following the 10 billion euro bailout deal with the EU and IMF. Cypriot banks opened… Continue reading Cyprus has no intention of leaving euro currency
Maundy Thursday: Pope Francis washes and kisses prisoners feet at youth detention centre
Pope Francis has washed and kissed the feet of 12 detainees in a youth detention centre near Rome as part of the Maundy Thursday service. The Christian ritual takes place on the Thursday before Easter to commemorate Christ’s Last Supper. Thousands of pilgrims and tourists are arriving in Rome to attend ceremonies during the holy… Continue reading Maundy Thursday: Pope Francis washes and kisses prisoners feet at youth detention centre
IMF board backs Christine Lagarde despite French inquiry into alleged abuses of power
The International Monetary Fund has said it continues to have “confidence” in its managing director Christine Lagarde despite a French inquiry into alleged abuses of power. An IMF spokesman said the fund’s board backed Christine Lagarde. The probe relates to Christine Lagarde time as French finance minister and her involvement in the payment of compensation… Continue reading IMF board backs Christine Lagarde despite French inquiry into alleged abuses of power
Vladimir Putin orders large military drills in Black Sea region
President Vladimir Putin has ordered surprise military exercises in the Russian Black Sea region, to test the armed forces’ battle readiness. Vladimir Putin’s spokesman said the exercises would involve 36 ships and up to 7,000 troops. He added that Russia was not obliged to give warning of exercises involving fewer than 7,000 personnel. Russia moved… Continue reading Vladimir Putin orders large military drills in Black Sea region
Cyprus banks reopen amid tension over possible large scale withdrawals
Cyprus banks have reopened after a two-week closure sparked by the EU-IMF bailout negotiations, amid tension over possible large scale withdrawals. Branches were replenished with cash overnight and police and private security guards deployed amid fears of a run on the banks by customers. Banks customers face strict controls on the amount they can withdraw… Continue reading Cyprus banks reopen amid tension over possible large scale withdrawals
Boris Berezovsky death inquest begins
An inquest into Boris Berezovsky’s death has heard he was found lying on his bathroom floor with a “ligature around his neck”. Boris Berezovsky, 67, was discovered at his Berkshire home in UK on Saturday. A post-mortem examination found Russian tycoon Boris Berezovsky’s death was consistent with hanging, but further tests are being carried out… Continue reading Boris Berezovsky death inquest begins
Cyprus banks to reopen on Thursday at noon after two weeks of crisis
Cyprus banks are to reopen on Thursday at 12:00 p.m. local time, two weeks after they closed to prevent a bank run as a controversial bailout was negotiated. Banks will open their doors between 12:00 and 18:00 local time, the Cypriot central bank said. Customers will also be limited to withdrawing 300 euros ($383) a… Continue reading Cyprus banks to reopen on Thursday at noon after two weeks of crisis
April Jones search to end in few weeks
The search for missing 5-year-old April Jones in UK is expected to end in a few weeks, according to Dyfed-Powys Police. Officers from around the UK have been searching for April Jones since she disappeared from near her home in Machynlleth, Powys, in October 2012. Searches of specific areas of land will continue but they… Continue reading April Jones search to end in few weeks
Yiannis Kypri, Bank of Cyprus Group CEO, ousted by central bank governor
Yiannis Kypri, chief executive of Bank of Cyprus, the biggest bank in the country, has been ousted by the central bank, state media has said. Yiannis Kypri was forced out by central bank governor Panicos Demetriades, who has himself come under fire for his handling of Cypurs’ banking crisis. Yiannis Kypri’s removal came on the… Continue reading Yiannis Kypri, Bank of Cyprus Group CEO, ousted by central bank governor
Pope Francis renounces grand papal apartment in favor of two-room residence
Pope Francis has renounced the grand papal penthouse on the top floor of the Vatican’s Apostolic Palace in favor of a modest two-room residence. The Pope’s spokesman said he was “trying out this type of simple living” in a communal building with other priests. In doing so Pope Francis has broken a tradition which is… Continue reading Pope Francis renounces grand papal apartment in favor of two-room residence
Berlin Wall’s East Side Gallery stretch removed by developer amid protests
Parts of a historic stretch of the Berlin Wall have been removed by a German property developing firm amid heavy police presence, despite a week of protests. Four segments of the so-called East Side Gallery stretch have been removed by builders on Wednesday morning to open access to a building site for blocks of flats.… Continue reading Berlin Wall’s East Side Gallery stretch removed by developer amid protests
Dog Attack: Jade Anderson, 14, found dead in Atherton after out of control dogs attack her
Jade Anderson, a 14-year-old girl from UK, has been found dead at a house where a number of dogs were “out of control”. Jade Anderson’s body was discovered by police on Tuesday, March 26, at a property in Atherton, near Wigan, at about 14:00 GMT after someone saw the girl unconscious in the house. Police… Continue reading Dog Attack: Jade Anderson, 14, found dead in Atherton after out of control dogs attack her
Austria: 100 cars pile-up on snow-hit A1 motorway
At least one person died in a pile-up involving about 100 vehicles on snow-hit Austrian motorway A1. Emergency officials said the crash scene on the west-bound A1 west of Vienna stretched for more than 2 km (1.2 miles). Six regional fire departments have been at the scene with ambulances and an emergency services helicopter, broadcaster… Continue reading Austria: 100 cars pile-up on snow-hit A1 motorway
Cyprus bank deposits over 100,000 euros could be cut by 40%
Cypriot Finance Minister Michalis Sarris has confirmed that the depositors with less than 100,000 euros in their accounts “will not be hit”. People with more than 100,000 euros in their accounts could see about 40% of their deposits converted into bank shares, Michalis Sarris said. “The exact percentage is not… yet decided but it is… Continue reading Cyprus bank deposits over 100,000 euros could be cut by 40%
Amanda Knox and Raffaele Sollecito face Meredith Kercher murder retrial in Italy
Amanda Knox and her former boyfriend Raffaele Sollecito face a retrial over the 2007 killing of Briton student Meredith Kercher, Italy’s highest court has ordered. Amanda Knox and Raffaele Sollecito spent four years in jail in Italy for murder but were freed on appeal in October 2011, largely on the grounds DNA evidence was flawed.… Continue reading Amanda Knox and Raffaele Sollecito face Meredith Kercher murder retrial in Italy
Cyprus banks remain closed until March 28
All Cyprus banks will remain closed until Thursday, March 28, the central bank has announced. Temporary measures will be placed on transactions when they reopen despite an EU/IMF bailout deal. Earlier, the Cypriot authorities said all but the biggest two, Bank of Cyprus and Laiki Bank, would open on Tuesday, March 26. The central bank… Continue reading Cyprus banks remain closed until March 28
Boris Berezovsky died by hanging, post-mortem examination finds
Russian tycoon Boris Berezovsky’s death was “consistent with hanging”, a post-mortem examination has found. Boris Berezovsky, 67, was found dead by an employee on Saturday on a bathroom floor at his home in Berkshire. The post-mortem examination found nothing to indicate a violent struggle. More tests are to be carried out on the body. Thames… Continue reading Boris Berezovsky died by hanging, post-mortem examination finds
Cyprus banks to reopen on March 26 with temporary limits to be placed on financial transactions
Cyprus banks are to reopen on Tuesday, March 26, although the two at the centre of the crisis, Bank of Cyprus and Laiki, will remain shut until Thursday, March 28. President Nicos Anastasiades has said temporary limits will be placed on financial transactions after a bailout deal imposing a tax on bank deposits. He said… Continue reading Cyprus banks to reopen on March 26 with temporary limits to be placed on financial transactions
US and European markets fall despite Cyprus bailout deal after Jeroen Dijsselbloem’s remarks
European and US stock markets have fallen again after the head of Eurogroup suggested that the Cyprus model, which involves a tax on bank deposits, could form a template in any future bailout. On Monday morning, hopes the deal would solve the crisis lifted shares. By 15:30 GMT, all major European markets had fallen into… Continue reading US and European markets fall despite Cyprus bailout deal after Jeroen Dijsselbloem’s remarks
Cyprus bailout deal agreed by Eurogroup with Laiki Bank to be wound down
Eurogroup have agreed a deal on a 10 billion-euro bailout for Cyprus to prevent its banking system collapsing and keep the country in the eurozone. Laiki (Popular) Bank – Cyprus’ second-biggest – will be wound down and holders of deposits of more than 100,000 euros will face big losses. However, all deposits under 100,000 euros… Continue reading Cyprus bailout deal agreed by Eurogroup with Laiki Bank to be wound down
Boris Berezovsky’s death remains unexplained with no evidence of third party involvement
British police say there is no evidence so far that a “third party” was involved in the death of exiled Russian tycoon Boris Berezovsky in London. Earlier today, Boris Berezovsky ‘s house in Berkshire was given the all-clear after it was searched by police for chemical, biological and nuclear material. Thames Police said Boris Berezovsky,… Continue reading Boris Berezovsky’s death remains unexplained with no evidence of third party involvement
Cyprus crisis: Nicos Anastasiades bailout talks with troika leaders delay Eurogroup meeting in Brussels
A key meeting of Eurogroup (eurozone finance ministers) to finalize a crucial bailout for Cyprus has been delayed as talks to hammer out an agreement overran. Cypriot President Nicos Anastasiades is locked in bailout talks with EU, European Central Bank and IMF leaders in Brussels. The finance ministers must decide on Sunday whether or not… Continue reading Cyprus crisis: Nicos Anastasiades bailout talks with troika leaders delay Eurogroup meeting in Brussels