European Union (EU)

5:04am

Thu March 28, 2013
The Two-Way

Banks In Cyprus Reopen As Island's Economy Hits Reboot

Originally published on Thu March 28, 2013 6:54 am

At a Laiki Bank branch in Nicosia, Cyprus, early Thursday, customers lined up to be among the first allowed in.
Yannis Behrakis Reuters /Landov
  • From 'Morning Edition': What makes for a good tax haven?
  • From 'Morning Edition': Joanna Kakissis reports

Banks in Cyprus reopened Thursday morning — after two weeks in which they had to keep their doors closed as European leaders worked out a bailout deal for the island's struggling financial sector in a bid to keep its problems from triggering similar crises in other ailing EU nations.

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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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9:40am

Wed March 27, 2013
The Two-Way

Raids In Russia On Foreign NGOs Spark International Concern

Originally published on Wed March 27, 2013 12:44 pm

The Moscow offices of Human Rights Watch, Amnesty International and several other NGOs have been searched in recent weeks by Russian prosecutors and tax inspectors, prompting concern over what is being viewed by some as a "concerted action" against the groups.

Rachel Denber of Human Rights Watch was quoted Wednesday by The Associated Press as saying that officials from the prosecutor general's office and tax police were conducting an "unannounced audit" and demanding documents.

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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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