Paul Ames

Will Cyprus Sell Off Its Gold?

The European Commission has advised Cyprus to consider selling off its gold as a way to save the struggling Mediterranean country, according to a leaked document. (Photo/via Wikimedia Commons) In Cyprus, it’s come to this: the government’s considering selling off its gold. At least, that’s what the European Commission has advised to come up with […]

Paul Ames
Por Paul Ames

In Cyprus, it's come to this: the government's considering selling off its gold. At least, that's what the European Commission has advised to come up with ever more money to save the struggling Mediterranean country, according to an EC document leaked to the media Thursday. What the Cypriot government really intends to do has been much source of

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Cyprus Says Crisis Averted

A view of the Bank of Cyprus UK in Charlotte Street, central London, Monday, March 18, 2013. The euro 10 billion (US dlrs13 billion) Cyprus bailout agreed by the EU and IMF demands that all bank customers pay a one-off levy on all bank deposits, to save the country from bankruptcy. Cyprus’ president Nicos Anastasiades […]

Paul Ames
Por Paul Ames

Cypriot President Nicos Anastasiades has said that despite its problems, his country has contained its debt crisis and averted the risk of a euro zone exit. "The situation, despite the tragedy of it all, is contained," he told government officials. "We have no intention of leaving the euro." However, he criticized other euro zone members for

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