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Switzerland extends freezing of assets of former Ukrainian officials for a year

The Federal Council of Switzerland has decided to extend by one year the freezing of all the assets in Switzerland of ousted presidents of Tunisia, …
Interfax-Ukraine

The Guardian: If the ‘outs’ get their way, we’ll end up like Ukraine, says EU

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Guardian

Bank documents portray Cyprus as Russia’s favorite haven

At least 3.6 billion euros ($4.67 billion) was removed in two weeks by big depositors, according to the documents. Though many companies listed …
Reuters

Eurozone inflation falls to 3-year low in April

Expectations were already high that the ECB would cut its main interest rate from its all-time low of 0.75 percent at its monthly policy meeting on …
Associated Press

Cyprus to limit president’s immunity from prosecution

Cypriots have been left in shock by a series of events which tipped the euro zone’s third smallest economy into a chaotic bailout last month, with …
Reuters

Analysis: Don’t underestimate Germany’s new anti-euro party

But the first congress of the “Alternative for Germany” (AfD) showed that the movement, launched only a few months ago by a group of renegade …
Reuters

Cyprus central bank chief calls for its independence to be respected

A rift between Governor Panicos Demetriades, appointed last May by the communist former administration, and the ruling centre-right government has …
Reuters

Analysis: Euro zone bank trouble spots don’t come down to size

Attracted by low taxes, high interest rates and light regulation, foreign deposits, largely from Russia and other former Soviet states, pumped up the …
Reuters

Bankers count on watered down EU trading tax

Their campaign against the tax, which will be imposed by 11 of the EU’s 27 countries, focuses on how much it would boost the cost of funding for …
Reuters

Anti-euro party a wildcard in German elections

 And it’s enough to make people like Berlin businessman Horst Freiberg, who never felt much love for the euro currency, pine more than ever for the …
Interns

Cyprus president to ask EU for more help

President Nicos Anastasiades said he will send letters to EU Commission President Jose Manuel Barroso and EU Council chief Herman Van Rompuy calling …
Associated Press

Cyprus bailout swells to $30 billion

The draft document, obtained by The Associated Press Thursday, says the country will have to find 13 billion euros ($17 billion) — an increase on the …
Associated Press

Bank of Cyprus big savers to lose up to 60 percent

Deposits of more than 100,000 euros ($128,000) at the Bank of Cyprus will lose 37.5 percent in money that will be converted into bank shares, …
Associated Press

Austerity threatens EU’s competitive edge in infrastructure

But thanks to austerity budgets that are slashing infrastructure spending just as other parts of the world are ramping it up, that may not be true for …
Reuters

Russians consider lawsuits over Cyprus losses

Big depositors – many of them Russian – face losses of up to 40 percent as the result of a so-called ‘bail-in’ to back 10 billion euros ($13 billion) …
Reuters

EU in ‘denial’ that sick economy costs lives, health experts say

Deep budget cuts and growing unemployment are tipping more people into depression, and falling incomes mean fewer people can see their doctors or …
Reuters

Cyprus deal boosts Merkel at home, deepens resentment abroad

But the agreement, struck in the early morning hours of Monday in Brussels, comes at a price. It is likely to fan resentment in southern Europe over …
Reuters

Top EU official: Cyprus bank rescue new template

Banks’ owners and investors must be held responsible “before looking at public money or any other instrument coming from the public side,” said …
Associated Press
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