Cyprus became the latest euro zone domino to teeter in 2012 just when the worst of the crisis appeared to be over. In March 2013, a compromise rescue plan backed by euro zone finance ministers called for Cyprus to wind down one largely state-owned bank, Popular Bank. The raid on Popular Bank was intended to raise most of the 5.8 billion euros that Cyprus was required to raise as part of the bailout.
NICOSIA, Cyprus (AP) — Greece has the right to take “all defensive measures” to protect its easternmost islands amid threats by neighboring Turkey that dispute…
Earlier this week, Turkey summoned the Greek ambassador to protest the alleged deployment of dozens of U.S.-made armored vehicles to the Aegean islands of Samos and Lesbos.