Cyprus

2:30pm

Wed March 27, 2013
Europe

With Cyprus On The Ropes, Which Country Will Become The Next Tax Shelter?

Originally published on Wed March 27, 2013 7:55 pm

Robert Siegel talks to Joseph Cotterill, writer for the Financial Times, about what may happen if the European Union's bailout plan for Cyprus succeeds and which country may be poised to take on the role as the next Cayman Islands of Eastern Europe.

12:55pm

Wed March 27, 2013
Planet Money

What If You Couldn't Take Your Money To Another State?

Originally published on Thu March 28, 2013 7:48 am

What if this wasn't worth $1?
ceoln Flickr

One day, the legislature in the state where you live passes a new law: Until further notice, you're not allowed to take your money to another state.

There are exceptions. You can take a few thousand dollars with you if you go on a trip. You can do some out-of-state shopping on your credit card, but not too much. Beyond that, all your money — your checking account, your savings account, the cash you buried in your backyard — has to stay in your state. You're free to leave the state, as long as you don't take your money with you.

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9:16am

Tue March 26, 2013
The Two-Way

Head Of Bank Of Cyprus Quits After Appointment Of Special Administrator

Originally published on Tue March 26, 2013 12:56 pm

Students in the Cypriot capital, Nicosia, protest against austerity measures in front of the presidential residence.
Milos Bicanski Getty Images

The chairman of the Bank of Cyprus abruptly stepped down after a special administrator was appointed to oversee its restructuring in the wake of a painful bailout of the island nation by international lenders.

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6:32am

Mon March 25, 2013
The Two-Way

Cypriots Are Suspicious, But Bailout Deal Seems Set

Originally published on Mon March 25, 2013 4:01 pm

A Cypriot man held some coins in Nicosia on Sunday. He and others on the island nation were watching anxiously as world leaders put together a bailout package for Cypriot banks.
Katia Christodoulou EPA /LANDOV
  • From 'Morning Edition': Soraya Sarhaddi Nelson reports

The deal we posted about Sunday evening — a $13 billion bailout by international creditors for the beleaguered banking system on Cyprus — is being met with skepticism on that Mediterranean island nation.

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6:19am

Fri March 22, 2013
The Two-Way

Cyprus Gets Cold Shoulder From Russia On Bailout Aid

Originally published on Fri March 22, 2013 11:47 am

An employee of Cyprus Laiki (Popular) Bank reacts as he takes part in a protest outside Parliament on Friday in the capital, Nicosia.
Patrick Baz AFP/Getty Images

As a deadline on Cyprus to come up with a financial bailout plan nears, a possible rescue from Russia looks to have fallen apart, leaving the island nation few options for staving off default.

Russian Finance Minister Anton Siluanov said as far as Moscow was concerned "the talks have ended," but Prime Minister Dmitry Medvedev left the door open, saying aid from Moscow would be contingent on Cyprus gaining European Union backing for its other money-raising ideas.

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