MADRID — Portugal was once seen as a role model in the euro debt crisis, as its conservative government stuck to the stringent terms of a €78 billion bailout negotiated with international creditors ... Read more
LONDON — Two of the most senior executives at Bank of Cyprus may have deleted crucial e-mail documents last year relating to what proved to be a disastrous decision to invest heavily in Greek government ... Read more
FRANKFURT — The head of the European Central Bank said Thursday that the recent bailout of Cyprus showed the bank’s determination to shore up the euro, though he acknowledged that an initial decision ... Read more
BRUSSELS — The International Monetary Fund said Wednesday that it would contribute €1 billion, or about 10 percent, of a bailout package for Cyprus, but stipulated that the country would need to take ... Read more
BRUSSELS — The International Monetary Fund said on Wednesday it would contribute €1 billion, or about 10 percent of a bailout package for Cyprus in exchange for widespread reforms of the Cypriot ... Read more
PARIS — While the euro zone has been transfixed lately by the Cyprus meltdown, another and potentially bigger European crisis has continued to simmer: record-high unemployment. Spending cuts ... Read more
NICOSIA, Cyprus — An air of orderly, if edgy, resignation pervaded the streets of Cyprus on Thursday, the first day in nearly two weeks banks here were open. Having waited since March 16 ... Read more
NICOSIA — Shaking his head in disgust, Stavros Agrotis, an independent financial executive here, peered Thursday morning at the stock chart of Bank of Cyprus on his computer screen — a bright red ... Read more
NICOSIA — Banks in Cyprus opened Thursday for the first time in almost two weeks, giving depositors access to their money with strict controls imposed by international lenders to prevent a bank run in the ... Read more
NICOSIA, Cyprus — With time running out until Cyprus’s devastated banks must reopen their doors to the public, Cypriot and European officials are scrambling to put in place a set of measures that ... Read more