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There has been widespread outrage at the proposed levy on bank deposits in Cyprus

Cypriot parliament rejects bank deposit levy

Cypriot lawmakers have overwhelmingly rejected a deeply unpopular tax on bank deposits, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse.

Business • 19 Mar 13

Anxious bank customers queued to withdraw money from one of the few operating ATMs in Cyprus (Pic: Will Goodbody)

Cypriot parliament rejects bank bailout proposal

Cypriot politicians have overwhelmingly rejected a deeply unpopular tax on bank deposits.

News • 20 Mar 13

There was nervousness around the Cypriot bailout in early trading

Oil price rebounds as fears abate over Cyprus

The price of oil has reversed sharp early losses as nervousness over a bailout plan in Cyprus abated.

Business • 18 Mar 13

The immediate focus will be on whether large amounts of funds are withdrawn from Cyprus this week

Small savers in Cyprus 'should be protected'

Eurozone ministers urged Cyprus to let smaller savers escape a levy on bank deposits, before a parliamentary vote that will either secure the island's financial rescue or threaten default.

News • 18 Mar 13

President Nicos Anastasiades told the country he had to accept the tax in return for international aid

Cyprus works on deal to soften bank levy

Cyprus is reportedly working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy imposed as part of an international bailout.

News • 17 Mar 13

Nicos Anastasiades said agreeing to the levy was a painful decision he had to make

Cypriot president defends €10bn bailout terms

The Cypriot president has said he had to agree to the controversial EU-IMF bailout terms, as the only alternative was the country going bankrupt.

News • 17 Mar 13

Finance Minister Michael Noonan speaks to Dutch Finance Minister and Eurozone President Jeroen Dijsselbloem ahead of the Cyprus talks

Finance ministers discussing Cyprus bailout

Eurozone finance ministers are locked in talks in Brussels tonight in an attempt to agree on a bailout package for Cyprus, which is expected to total around €10bn.

News • 16 Mar 13

Eurogroup Chairman calls extraordinary session for Friday in Brussels to discuss rescue loans for Cyprus

Special finance ministers meeting on Cyprus

The finance ministers of the 17 euro zone countries will hold a special meeting to discuss the planned bailout programme for Cyprus.

Business • 13 Mar 13

Cyprus may accept rise in corporation tax as part of bailout deal

Cyprus set to accept corporate tax hike in bailout

Cyprus will accept raising its low 10% corporate tax rate as part of an international bailout deal, a senior official said today.

Business • 12 Mar 13

Cyprus urgently needs up to €17 billion to stave off bankruptcy

Cyprus bailout talks resume

Senior officials from Cyprus' prospective international lenders are starting a new round of talks with Cypriot authorities.

Business • 06 Mar 13

Euro zone finance ministers meet on planned bailout for Cyprus

Euro meetings to focus on Cyprus, bonus cap

The Finance Minister will join his colleagues from the euro zone area in Brussels today for a meeting focused on agreeing a planned bailout for Cyprus.

Business • 04 Mar 13

Cyprus has been in grave financial difficulty for months because its banks were heavily exposed to Greek debt

Eurozone to discuss bank funding issues

Minister for Finance Michael Noonan has said the issue of the permanent EU bailout fund being used to directly recapitalize banks will be discussed at a eurogroup meeting in Brussels.

News • 04 Mar 13

Cyprus bailout talks make 'good progress'

Cyprus' potential international creditors said they have made "good progress" in negotiations on a possible bailout for the crisis-hit country.

Business • 23 Nov 12

Cyprus agrees bailout terms with EU and IMF

Cyprus has agreed a bailout package with the European Union and International Monetary Fund and expects the lenders to confirm the deal later today, the island's government spokesman said.

News • 23 Nov 12

Cyprus 'very close' to signing bailout deal

Cyprus is "very close" to signing an agreement with potential creditors for a bailout to support its troubled banks and pay its bills, the crisis-hit country's president said today.

Business • 22 Nov 12

Cyprus expects Troika bailout talks by next week

Cyprus's finance minister said today that he expected final negotiations to start with lenders on financial aid possibly by next week.

Business • 17 Oct 12

Cyprus president seeks backing on austerity

The President of Cyprus has asked trade union leaders to "act patriotically" and bite the bullet on the measures to stave off possible social unrest.

Business • 12 Oct 12

Barroso urges Cypriots to agree on austerity

EU Commission President Jose Manuel Barroso has urged political leaders in Cyprus to agree on austerity measures needed for a deal to bail out its banks

Business • 08 Oct 12

Anders Borg said the European Commission needed to scale back its proposals

Michael Noonan says ECB eager for Anglo debt deal

Minister for Finance Michael Noonan has said the European Central Bank appears to be more eager than ever to strike a deal with Ireland over €30bn of Anglo promissory notes.

News • 15 Sep 12

Ireland praised on progress in EU-IMF programme

The head of the eurogroup of finance ministers has congratulated the Government for the progress it has made in implementing the EU-IMF programme and re-entering the bond markets.

Business • 14 Sep 12

Michael Noonan held one-to-one meetings with various ministers

Spain under pressure to clarify economic strategy

Spain has come under pressure at a meeting of EU Finance Ministers in Cyprus to clarify its economic strategy and what financial assistance it may require.

News • 15 Sep 12

In June, the government became Laiki's main shareholder after buying nearly €1.8 billion in shares

Chairman of troubled Cyprus bank quits

The chairman of Cyprus' second-biggest bank Laiki Bank has resigned.

Business • 09 Aug 12

S&P keeps Ireland on negative outlook

Ratings agency Standard & Poor's has said it is affirming the 'BBB+' long-term and 'A-2' short-term sovereign credit ratings on Ireland, however, the outlook on the long-term rating remains negative.

Business • 02 Aug 12

IMF sending mission to Cyprus after aid request

The International Monetary Fund has said it plans to send a fact-finding mission to Cyprus next week after receiving a request for financial assistance.

Business • 28 Jun 12

Cyprus asks for IMF aid

The International Monetary Fund has confirmed that Cyprus has asked for financial aid amid the euro zone sovereign debt crisis.

Business • 27 Jun 12