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Cyprus ends money controls on 2 more foreign banks

Cypriot authorities have lifted restrictions on money withdrawals and transfers for international clients of another two foreign banks active in the crisis-hit country. Full story

Cyprus central bank sees 'substantial' risks to economy

NICOSIA (Reuters) - Cyprus faces substantial risks to its economic outlook and a forecast recession could be deeper than forecast, its central bank governor said in a prepared speech on Wednesday. Full story

Cyprus drops limits on 8 more foreign banks

Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country. Full story

IMF says Cyprus at risk of even deeper recession

The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. Full story

Cyprus may presell gas reserves to ease crisis

Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's finance minister said Thursday. Full story

Insight: Bank documents portray Cyprus as Russia's favorite haven

NICOSIA (Reuters) - When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most notable among companies transferring money from the country's two main banks were Russ Full story

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Articles

Cyprus banks look beyond bailout to gas opportunities: industry head

Analysis: Malta unlikely to follow Cyprus into crisis

Russia hasn't yet agreed to extend Cyprus loan: deputy finance minister

Cyprus foreign minister confirms Russia to extend loan terms

Cyprus keeps limits on money flows

Cyprus bailout highlights need for banking union: Asmussen

Cyprus parliament set to agree do-or-die bailout

ECB member Honohan says Cyprus bailout not a template

Insight: Why did Cypriot banks keep buying Greek bonds?

Cyprus central bank defends chief over "simplistic" government allegations

Video

  Faber's Gloomy Stock Forecast: Summer Crash Concerns

Marc Faber, Gloom Boom & Doom Report editor, reveals his bleak outlook on the markets this summer; and explains why events like Cyprus are likely to happen in more countries.

  Cyprus Bailout, Now What?

Charles Dallara, Americas of Partners Group, shares his opinions on the future of Cyprus and Europe, and discusses whether a crisis like this could occur in the U.S.

  Could Cyprus-Like Losses Hit U.S. Depositors?

CNBC's Michelle Caruso Cabrera reports on major bank client losses in Cyprus, which could be as high as 60 percent for those with more than $100,000 euros in Cypriot banks. Could the same thing happen in the U.S.?

  Tough Terms for Cyprus Depositors

The actions in Cyprus could set a precedent for other countries, says Tim Adams, Institute of International Finance. And that has markets in Europe and the U.S. concerned.

  Cyprus Fears Overblown?

What happened in Cyprus is a one-time situation, says John Ryding, RDQ Economics. "You couldn't do that on a country like Spain or Portugal or Ireland," he says. Jeff Solomon, Accounting Company, also offers his thoughts on earnings.

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Related Photos

Cyprus' President Anastasiades walks with European Commission President Barroso ahead of a meeting in Brussels
Cyprus' President Anastasiades walks with European Commission President Barroso ahead of a meeting in Brussels

Cyprus' President Nicos Anastasiades walks with European Commission President Jose Manuel Barroso ahead of a meeting in Brussels May 23, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLITICS)

Cyprus' President Anastasiades is welcomed by European Commission President Barroso ahead of a meeting in Brussels
Cyprus' President Anastasiades is welcomed by European Commission President Barroso ahead of a meeting in Brussels

Cyprus' President Nicos Anastasiades is welcomed by European Commission President Jose Manuel Barroso ahead of a meeting in Brussels May 23, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLITICS)

Cyprus' President Anastasiades poses with European Commission President Barroso ahead of a meeting in Brussels
Cyprus' President Anastasiades poses with European Commission President Barroso ahead of a meeting in Brussels

Cyprus' President Nicos Anastasiades poses with European Commission President Jose Manuel Barroso ahead of a meeting in Brussels May 23, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLITICS)