The situation in Cyprus is at crisis point, as The Banker goes to press, with banks closed to prevent a run in what analysts are calling the eurozone’s muddiest crisis so far. How did it come to this?
Western Europe
Latest articles from Cyprus
Germany must share Cyprus' pain
March 22, 2013Germany cannot duck its responsibility for the mismanagement of a eurozone system from which its own exporters have benefited greatly.
State bail outs are still with us
January 28, 2013While regulation says that bondholders should be the ones to lose out when banks fail, the reality is that such write-downs are rarely forced.
Cyprus looks to break from Greek contagion
April 2, 2012The exposure of Cypriot banks to the Greek economy has prompted rating downgrades for the country. But with some of the island's banks boasting high liquidity and interest from foreign investors, the long-term prospects look brighter.
Anticipating acceptance
December 1, 2007Despite international embargoes that restrict their operations, Northern Cyprus banks are making preparations in the hope that eventually they will be included in the EU. Nick Kochan reports.
The Cyprus dimension
November 5, 2007Thierry Gigant, managing director at BNP Paribas in Cyprus, tells The Banker what Cyprus has to offer financial institutions and how regulations, EU accession and joining the euro affect business.
Bullseyes and targets in sight
November 5, 2007Michael Sarris, Cyprus’s minister of finance, outlines the ambitious plans his ministry has for the country’s future and emphasises Cyprus’s regulatory alignment with the EU.
In the bidding labyrinth
March 5, 2007Are the Bank of Cyprus’s days numbered? Nick Kochan reports on the rival predators’ struggle for the bank, and the opposing forces of regulators and nationalists.
Cyprus benefits from safe-haven reputation
October 2, 2006Location has always proved crucial to Cyprus’s prosperity, and the recent crisis in Lebanon highlighted its role as a safe place to do business for banks, corporates and private investors. Nick Kochan reports.
Positive outlook for growth
June 5, 2006The Republic of Cyprus has an optimistic economic growth story in shipping, services and tourism but faces a tighter labour market and political stalemate.
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