Cyprus: Leaving Larnaca searching for Eurozone’s FDR
The economic crisis in Cyprus is leading to a number of flights. Economics Editor Faisal Islam sees a parallel with the economic landscape of America in the 1930s.
As the banking crisis in Cyprus continues, what comes next? And what has happened to other EU countries that have been bailed out?
Amid cashpoint queues and rumours of bank closures, politicians scramble to reach a deal on how to raise 5.8bn euros before the Monday deadline imposed by the European Central Bank.
The economic crisis in Cyprus is leading to a number of flights. Economics Editor Faisal Islam sees a parallel with the economic landscape of America in the 1930s.
As the bank closure is extended until next week, Cypriot business leaders warn of a question of survival as the government struggles to find a way out of its financial crisis.
When George Osborne delivers his budget on Wednesday, the numbers will continue to be drenched in red, writes Faisal Islam, with “zombie economics” holding back lending, spending, and investment.
Cypriot politicians extend a national bank holiday by two days as they prepare to vote on a controversial tax on people’s bank deposits – a move it is hoped will secure much needed bailout funds.
Anger is growing among Cypriots as they queue at cashpoints to withdraw their savings due to the bailout.
As Cyprus prises itself from the jaws of bankruptcy, the island’s savers face a big bill to dig the island out of its financial mess, reports Faisal Islam.
President Obama failed to mention Europe in his inaugural speech last week. Should we read anything into it?
The decision of Greece’s government to invoke emergency powers to order public transport workers back to work is met by a “transportation blackout” from the unions.
“the outcome from the referendum decision and the speech this morning cannot in my view be positive for investment” top businessman Martin Sorrell tells Economics Editor Faisal Islam.
As David Cameron delivers a speech which could define his era as prime minister, Political Editor Gary Gibbon senses it leaves Germany rather nonplussed.
Sir Nigel Sheinweld, previously the UK’s most senior diplomat in Brussels, joins Jon Snow to discuss Britain’s place in Europe ahead of a key speech by Prime Minister David Cameron.
The presumption in Germany is that David Cameron will back down. If this is wrong, Britain could end up leaving the EU.
Gary Gibbon is in the Netherlands – where the PM’s party tells him that Mr Cameron won’t find any allies if he thinks Britain can opt out of Europe just to help its own taxpayers.