Cyprus Bailout | Capital Controls a Free (for all) Society

Cyprus Bailout | Capital Controls a Free (for all) Society

Daily withdrawals limited to 300 euros, cashing of cheques up to 9,000 euros per month Those travelling abroad can take no more than 1,000 euros out of the country Payments and/or transfers outside Cyprus via debit and/or credit cards permitted up to 5,000 euros […]

Cyprus Bailout | South’s Finance Minister Resigns

Cyprus Bailout | South’s Finance Minister Resigns – Frightened of the result?

Republic of Cyprus Finance Minister Michael Sarris resigned from the government today after assisting in finalising an international aid bailout to stave off a financial collapse of the island.

Sarris told reporters in Nicosia that he resigned because a committee had been […]

Cyprus Bailout | The Terms Are Leaked

Cyprus Bailout | The Terms Are Leaked

The details of the terms for the Cyprus Bailout have been leaked and are summarised at the end of this article. The word seething comes to mind. Imagine you’re living in the south and you’ve just lost a sizeable chunk of your savings or business capital and […]