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Grexit: Greece Fails to Pay €1.6 Billion Debt to IMF
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Grexit: Greece Fails to Pay €1.6 Billion Debt to IMF

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Greece Crisis: Government Seeks Eurozone Approval of Fiscal Progress
Economy & Politics

Greece Crisis: Government Seeks Eurozone Approval of Fiscal Progress

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BES will be delisted from the stock market, with shareholders set to lose almost all their investment
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Banco Espirito Santo rescue plan unveiled by Portugal’s central bank

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The IMF has approved a $17.1 billion bailout for Ukraine to help the country's beleaguered economy
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Ukraine $17 billion bailout approved by IMF board

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Panicos Demetriades has resigned after being criticized for his handling of Cyprus' 10 bn-euro bailout
Business

Cyprus central bank governor Panicos Demetriades resigns

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Cyprus' parliament rejected a key part of the country’s bailout plan
Economy & Politics

Cyprus bailout jeopardized by parliament vote against privatization plan

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Ireland is to make a clean break from its 3-year 85 billion euro bailout programme in December, without seeking precautionary funding
Breaking News

Ireland to exit bailout in December, without seeking precautionary funding

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Greek Finance Minister Yannis Stournaras has said the country may need a third bailout but would not accept new austerity measures
Economy & Politics

Greece may need a third bailout package

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The IMF has admitted that it made mistakes in handling Greece's first international bailout
Business

IMF admits making mistakes in handling Greece bailout

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Portugal’s PM Pedro Passos Coelho announced new austerity measures from next year that would save 4.8 billion euros over three years
Economy & Politics

Portugal to cut 30,000 civil service jobs and to raise retirement age by one year to 66

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Cyprus says it is not seeking more bailout money, but is rather seeking help from EU to reduce the burden of the conditions to make the bailout possible
Business

Cyprus seeks help from EU to reduce burden of bailout conditions

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Eurozone finance ministers meet in Dublin to finalize Cyprus bailout amid news that it needs much more money than first thought
Business

Cyprus bailout to be finalized in Dublin eurozone finance ministers talks

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A draft document prepared by Cyprus' creditors shows that the country’s bailout cost has increased to 23 billion euros
Breaking News

Cyprus bailout cost rises to 23 billion euros

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Cyprus has decided to sell off much of its gold reserves to help finance part of its bailout
Business

Cyprus sells its gold reserves to finance bailout

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Portugal's PM Pedro Passos Coelho has said a court ruling striking down parts of his government's budget means it will have to make other deep spending cuts
Economy & Politics

Portugal: PM Pedro Passos Coelho announces alternative cuts to avoid second bailout

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Investigators have found that some key data about bond purchases by Bank of Cyprus is missing
Business

Bank of Cyprus key data about bond purchases missing

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ECB President Mario Draghi has said the initial plan to make small savers pay for the Cyprus bailout was not smart
Business

Cyprus initial bailout plan was not smart, says ECB President Mario Draghi

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Cyprus has agreed to a set of measures that will release a 10 bn-euro IMF-EU bailout
Business

Cyprus agrees on challenging rescue plan to release bailout

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The Central Bank of Cyprus has decided to ease some of the restrictions imposed as the country's banks reopened
Business

Cyprus eases some bank restrictions

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Cypriot banks opened on Thursday, March 28, for the first time in nearly two weeks amid severe new rules imposed as part of the bailout deal
Business

Cyprus has no intention of leaving euro currency

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Cyprus banks are to reopen on Thursday at noon, two weeks after they closed to prevent a bank run as a controversial bailout was negotiated
Business

Cyprus banks to reopen on Thursday at noon after two weeks of crisis

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Cyprus bank deposits over 100,000 euros could be cut by 40 percent
Business

Cyprus bank deposits over 100,000 euros could be cut by 40%

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Cyprus banks are to reopen on March 26, although Bank of Cyprus and Laiki will remain shut until March 28
Business

Cyprus banks to reopen on March 26 with temporary limits to be placed on financial transactions

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US and European markets fall despite Cyprus bailout deal after Jeroen Dijsselbloem’s remarks
Business

US and European markets fall despite Cyprus bailout deal after Jeroen Dijsselbloem’s remarks

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Asian markets have risen after EU officials agreed a bailout deal for Cyprus
Asia News

Asian markets rise following Cyprus bailout deal agreement

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