About: Christine Lagarde

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Economy & Jobs 17-02-2015

Greece to EU: No deal

On Monday, Eurozone finance ministers failed to reach an agreement on how to proceed with Greece's bailout programme after it expires at the end of the month.
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Economy & Jobs 26-03-2013

Cyprus crisis: banks to re-open Thursday, but remain controlled

Amid concerns of a possible bank run, Cyprus is requiring banks to stay closed until Thursday. The Cypriot authorities will also limit access to bank accounts and movement of cash out of the island. It is the first time capital controls are being applied within the euro area and comes after Cyprus sealed a deal with the EU and the IMF on Monday to avoid bankruptcy and a potential euro exit.
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Euro & Finance 25-03-2013

Eurogroup’s press conference on Cyprus’ bailout deal

Cyprus clinched a last-ditch deal with international lenders early today (25 March) to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bailout.
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Economy & Jobs 18-03-2013

Cyprus delays vote on EU bailout, Putin calls plan ‘dangerous’

Cyprus' parliament has delayed a crucial vote until Tuesday about a controversial bailout deal reached by the EU and the IMF at the weekend. The newly-elected center-right president Nicos Anastasiades presented the deal as the only solution possible to avoid bankrapci and is currently seeking support from other political parties to ratify the agreement. He has already promised to soften the conditions for small savers.