UK customers escape bank levy
Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.
Cyprus central bank to limit money movement temporarily
Cyprus will introduce capital restrictions to prevent an outflow of money when its banks reopen this week but the measures will be "very temporary," President Nicos Anastasiades said this evening.
"The central bank will implement capital controls on transactions," he said in a televised address to the nation.
"I want to assure you that this will be a very temporary measure that will gradually be relaxed."
Anastasiades said the bailout deal reached overnight in frantic talks with the island's partners in the eurozone was "painful" but the best under the circumstances.
-
Cyprus rescue deal spreads fear beyond its shores
Cyprus' rescue deal has sent shivers through southern Europe after a key eurozone figure said it would be a model for future bailouts.
-
Unclear future for Cypriots after 'painful' bailout deal
The future is uncertain for the people who must live with the consequences of Cyprus' "painful" bailout deal.
-
Cyprus 'bail-in' not a special case after all
The Dutch Finance Minister has said the bank levy 'bail-in' on large depositors "pushes back the risks" from the rest of the eurozone.