In 2013, Cyprus faced a severe financial crisis, requiring EU funds, new taxes on deposits, and a bailout demanded by the Troika.

The entities involved

• Cyprus →

  country in the Mediterranean Sea

  • Guinness is now owned by multinational drinks giant Diageo, and KEO has established a brewing institution in Cyprus.06:57
  • Turkey's diplomatic bid expands its contest from Latin America, while the Security Council discusses conflicts involving neighbors.02:05
• Troika →

  Bosnian political alliance

  Nothing else this week.

• European Central Bank →

  central bank of the European Union and the eurozone

  • ECB official Joachim Nagel commented on ECB policy, linking it to oil and supporting a hawkish stance for the euro.05:33
  • ECB rate rise odds increase due to inflation, while Bayer raises profit forecast and geopolitical tensions persist.Tue 23:52

Related events

• ECB compares US and euro area household investment while warning that Cyprus faces investment challenges, alongside the CBC governor discussing financial literacy in Cyprus.Sep 20
• Cyprus's economic expansion is being compared to the EU rate, while a Cera chairman calls for structural investment in Europe.Oct 23
• Bank of Cyprus provided data showing that Greek investors are reducing their investment rates.Fri 07:26
• Cyprus, leveraging its EU Council Presidency, is facilitating aid to the Gaza Strip through a maritime corridor and 3+1 framework involving Amalthea.Aug 10
• The European Commission and the Cypriot government are negotiating the EU budget, with the Cypriot government supporting Diko in the European Parliament.Jun 15