Cyprus bailout: In depth news,commentary and analysis from the Financial Times

Cyprus financial rescue

Cyprus has reached a €10bn rescue deal with international lenders that avoids a controversial levy on bank accounts and reduces the risk of a meltdown of the debt-laden island’s financial sector but has resulted in some capital controls

From WORLD May 12, 2013

Cyprus trauma hurts EU bank bail-in plans

©Getty

Reform held up amid dispute over who should pay to wind up a bank

Comment

Cyprus and gold: vaulting ambition

A Cypriot national flag flies alongside a European Union flag outside the Cypriot embassy building in Moscow, Russia

©Bloomberg

Could other countries use reserves as collateral for bond issues?

– Lex

More leaked Cyprus documents: first tranche €3bn

ESM aid payment will be divided into two separate disbursements

– Brussels blog

Cyprus reaches end of a long and sleazy road

The island’s collapse is not really the result of a random lurch or shift in axis

– David Gardner

©Getty From WORLD Apr 30, 2013

Cyprus parliament backs €10bn bailout

Move given narrow approval of 29 votes to 27

From WORLD Apr 29, 2013

Cyprus to crack down on graft

Steps announced ahead of bailout vote to reform political system

From WORLD Apr 18, 2013

German parliament backs Cyprus bailout

Rescue passed by large majority, though with misgivings

A woman walking past a branch of the Bank of Cyprus branch in Nicosia, Cyprus 27 March 2013 as the country's banks remain closed. Cyprus banks will are expected to open early 28 March. Temporary measures will be placed on transactions when they do re-open despite the EU/IMF bailout deal which will see larger depositors lose money.

©EPA From COMPANIES Apr 17, 2013

Forex brokers look to hire Cyprus bankers

Platforms say job cuts offer an opportunity to ‘grab talent’

From WORLD Apr 16, 2013

Germany set to approve Cyprus aid

Public support for bailouts seen to ebb

©AFP From GLOBAL ECONOMY Apr 16, 2013

Cyprus leader attacks central bank chief

President takes aim at alleged errors of supervision

Analysis

Cyprus: A poor diagnosis, a bitter pill

Anti-bailout protesters raise their open palms showing the word "No" after Cyprus's parliament rejected a proposed levy on bank deposits in Nicosia...Anti-bailout protesters raise their open palms showing the word "No" after Cyprus's parliament rejected a proposed levy on bank deposits in Nicosia March 19, 2013. Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailou

©Reuters

The EU underestimated ties between the Cypriot government and the island’s banks

Cyprus's new Finance Minister Haris Georgiades looks over during his brief ceremony oath affirmation at the presidential palace in Nicosia on April 3, 2013

©AFP From GLOBAL ECONOMY Apr 15, 2013

Cyprus finance minister shuns blame game

Islanders themselves caused crisis, says Haris Georgiades

From WORLD Apr 11, 2013

Cyprus warned not to sack bank governor

ECB head Mario Draghi says a dismissal would be subject to review

From MARKETS Apr 10, 2013

Cyprus to dive into its gold reserves

Bail-in of depositors to raise €10.6bn rather than €5.8bn

Brussels blog

An insider’s look at the EU’s foreign and economic policies including the fortunes of its political leaders

FT Alphaville

Cyprus coverage from the FT’s daily market news and commentary service

From WORLD Apr 10, 2013

Pressure mounts on Cypriot central banker

Calls for Demetriades, governor, to quit as accusations fly

From WORLD Apr 5, 2013

Cyprus rescue hurts banks, says Putin

Russian president attacks ‘expropriation of investors’

From GLOBAL ECONOMY Apr 5, 2013

Cyprus to probe Greek bond purchases

Central bank responds to public anger over Laiki collapse

From COMPANIES Apr 4, 2013

Cyprus crisis to hit European banks hard

Barclays report says higher interest rates would help lure clients

From GLOBAL ECONOMY Apr 4, 2013

ECB draws bail-in lessons from Cyprus

Question raised of ‘bailing in’ depositors in case of bank insolvency

From GLOBAL ECONOMY Apr 3, 2013

Cyprus to receive €1bn from IMF

Three-year loan is part of €10bn bailout deal

From WORLD Apr 2, 2013

Cyprus leader invites family firm probe

Judges sworn in to investigate island’s financial sector

From WORLD Apr 2, 2013

Cyprus finance minister quits after talks

EU, ECB and IMF call for deep cuts and structural reforms

From UK Apr 2, 2013

Regulator shields Laiki’s UK deposits

Savers’ money transferred to Bank of Cyprus UK

From WORLD Apr 1, 2013

Cyprus bank chief seeks to allay fears

Demetriades promises steady lifting of capital controls

From WORLD Apr 1, 2013

Northern Cyprus watches neighbour’s anguish

Crisis may aid settlement of Greek-Turkish dispute

From GLOBAL ECONOMY Mar 31, 2013

Cyprus seeks to find people behind bank crisis

Crisis likely to have consequences for island’s relationship with EU

From WORLD Mar 31, 2013

Church of Cyprus wins bailout lawsuit

Lawyers backed by influential figures already winning victories