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 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
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
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.
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.
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.?
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.
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.
(L-R) Greece's Prime Minister Antonis Samaras talks to his Italian counterpart Enrico Letta next to Cyprus' President Nicos Anastasiades during a European Union leaders summit in Brussels May 22, 2013. REUTERS/Francois Lenoir
A dismantled sign of the Cyprus Popular Bank is seen lying on the ground at its headquarters in the Cypriot capital Nicosia, May 15, 2013. Under the 10 billion euro international aid package agreed in March, Cyprus must close one bank, Popular, and impose painful losses on deposits of more than 100,
A workman dismantles a sign of the Cyprus Popular Bank at its headquarters in the Cypriot capital Nicosia, May 15, 2013. Under the 10 billion euro international aid package agreed in March, Cyprus must close one bank, Popular, and impose painful losses on deposits of more than 100,000 euros held at
Workmen dismantle a sign of the Cyprus Popular Bank at its headquarters in the Cypriot capital Nicosia, May 15, 2013. Under the 10 billion euro international aid package agreed in March, Cyprus must close one bank, Popular, and impose painful losses on deposits of more than 100,000 euros held at the
