Cyprus

Cyprus reunification talks seek to curb Russian influence in Mediterranean

By John Vassilopoulos, 18 January 2017

A request to attend by Russia, which has strong economic links to Cyprus and naval access to its ports, was not taken up.

Syriza-led Greek government takes its place in US war drive alongside Israel

By John Vassilopoulos and Jean Shaoul, 20 February 2016

The pseudo-left Syriza government is backing US plans to dominate the energy-rich Eastern Mediterranean region and the Middle East.

Refugees protest being held at UK military base in Cyprus

By Chris Marsden, 5 November 2015

The United Nations’ refugee agency said the UK is legally responsible for resettling the refugees because the base at Akrotiri is UK sovereign territory.

Cyprus parliament passes privatisation programme

By Jordan Shilton, 20 March 2014

The sale of state-owned companies to international investors is anticipated to net the government €1.4 billion.

The Cypriot bailout marks a new stage in the euro crisis

By Christoph Dreier, 11 April 2013

Fifty-five years after the founding of the European Economic Community, the project of unifying Europe on a capitalist basis has been irrevocably shattered by the global economic crisis.

Germany’s Left Party defends the looting of Cyprus

By Christoph Dreier, 10 April 2013

With the escalation of the euro crisis, the Left Party is moving closer to the Merkel government and essentially supports its brutal course on Cyprus, which means the unprecedented looting of the country.

European Union imposes austerity bailout on Cyprus

By Robert Stevens, 9 April 2013

The terms dictated to Cyprus by the European Union in exchange for a bailout are predicated on the destruction of the pay and conditions of the working class.

The European Union’s looting of Cyprus

By Julie Hyland, 29 March 2013

The working class of Cyprus faces mass poverty and a doubling of unemployment as the result of the bailout imposed on the small Mediterranean island.

Cyprus faces deep recession, high unemployment after bank bailout

By Julie Hyland, 27 March 2013

The €10 billion loan agreed between the Cypriot government and the European Union will see the country lose 20 percent of its GDP in three years, with unemployment doubling.

European Union imposes bank bailout on Cyprus

By Jordan Shilton and Chris Marsden, 26 March 2013

The statement by Euro Group head Jeroen Dijsselbloem that the Cyprus bailout is a model for the rest of the euro zone led to falls on Europe’s financial markets.

Cyprus to face savage cuts and economic dictatorship

By Jordan Shilton and Chris Marsden, 23 March 2013

The fate of Cyprus illustrates how the European Union imposes the dictatorship of the global speculators, banks and corporations on the working class.

Europe threatens Cyprus with bankruptcy in power struggle with Russia

By Alex Lantier, 22 March 2013

Cyprus’ parliament passed legislation granting the state emergency powers, including capital controls to block sudden outflows of money from the country.

Europe in crisis as Cyprus faces national bankruptcy

By Jordan Shilton and Chris Marsden, 21 March 2013

The collapse of Cyprus’s financial system is being avoided only by the continued closure of the banks, which may be kept shut until next Tuesday.

Cyprus banks close as bailout terms spark Europe-wide crisis

By Jordan Shilton and Chris Marsden, 19 March 2013

Terms attached to the European Union bailout for Cypriot banks triggered heavy losses on financial markets.

EU summit sparks run on Cyprus banks

By Stefan Steinberg and Chris Marsden, 18 March 2013

The decision by the European Union summit to levy a tax on Cyprus bank deposits to pay for a rescue package resulted in a stampede to withdraw cash from the country’s banks.

Cyprus poses danger for euro zone stability

By Jordan Shilton, 26 February 2013

As the new Cypriot government of Nikos Anastasiades pledges further austerity, the financial crisis gripping the island threatens the stability of the euro zone.

Cyprus the focus of escalating regional tensions

By Jordan Shilton, 14 July 2012

The government of Cyprus has indicated its intention to seek financial support from Russia, even as officials from the European Union (EU), European Central Bank (ECB) and International Monetary Fund (IMF) determine the requirements of a potential bailout.

Cyprus prepares for euro bailout

By Markus Salzmann, 13 June 2012

Cyprus is set to be the fifth of the 17 euro area countries to apply for money from the European bailout fund.