By Jean Shaoul, 24 February 2020
A new “scramble for Africa” is being tied into a new “scramble” for the eastern Mediterranean, as Turkey, Greece, Israel, Egypt, Cyprus, Lebanon and the European powers compete over gas exploration, production licenses and pipelines.
By Alex Lantier, 31 January 2020
The Berlin conference has set the stage not for peace, but only for stepped-up imperialist interventions to divide up the profits to be extracted from Libya and the entire region.
By John Vassilopoulos, 18 January 2017
A request to attend by Russia, which has strong economic links to Cyprus and naval access to its ports, was not taken up.
By John Vassilopoulos and Jean Shaoul, 20 February 2016
The pseudo-left Syriza government is backing US plans to dominate the energy-rich Eastern Mediterranean region and the Middle East.
By Chris Marsden, 5 November 2015
The United Nations’ refugee agency said the UK is legally responsible for resettling the refugees because the base at Akrotiri is UK sovereign territory.
By Jordan Shilton, 20 March 2014
The sale of state-owned companies to international investors is anticipated to net the government €1.4 billion.
By Christoph Dreier, 11 April 2013
Fifty-five years after the founding of the European Economic Community, the project of unifying Europe on a capitalist basis has been irrevocably shattered by the global economic crisis.
By Christoph Dreier, 10 April 2013
With the escalation of the euro crisis, the Left Party is moving closer to the Merkel government and essentially supports its brutal course on Cyprus, which means the unprecedented looting of the country.
By Robert Stevens, 9 April 2013
The terms dictated to Cyprus by the European Union in exchange for a bailout are predicated on the destruction of the pay and conditions of the working class.
By Julie Hyland, 29 March 2013
The working class of Cyprus faces mass poverty and a doubling of unemployment as the result of the bailout imposed on the small Mediterranean island.
By Julie Hyland, 27 March 2013
The €10 billion loan agreed between the Cypriot government and the European Union will see the country lose 20 percent of its GDP in three years, with unemployment doubling.
By Jordan Shilton and Chris Marsden, 26 March 2013
The statement by Euro Group head Jeroen Dijsselbloem that the Cyprus bailout is a model for the rest of the euro zone led to falls on Europe’s financial markets.
By Jordan Shilton and Chris Marsden, 23 March 2013
The fate of Cyprus illustrates how the European Union imposes the dictatorship of the global speculators, banks and corporations on the working class.
By Alex Lantier, 22 March 2013
Cyprus’ parliament passed legislation granting the state emergency powers, including capital controls to block sudden outflows of money from the country.
By Jordan Shilton and Chris Marsden, 21 March 2013
The collapse of Cyprus’s financial system is being avoided only by the continued closure of the banks, which may be kept shut until next Tuesday.
By Jordan Shilton and Chris Marsden, 19 March 2013
Terms attached to the European Union bailout for Cypriot banks triggered heavy losses on financial markets.
By Stefan Steinberg and Chris Marsden, 18 March 2013
The decision by the European Union summit to levy a tax on Cyprus bank deposits to pay for a rescue package resulted in a stampede to withdraw cash from the country’s banks.
By Jordan Shilton, 26 February 2013
As the new Cypriot government of Nikos Anastasiades pledges further austerity, the financial crisis gripping the island threatens the stability of the euro zone.
By Jordan Shilton, 14 July 2012
The government of Cyprus has indicated its intention to seek financial support from Russia, even as officials from the European Union (EU), European Central Bank (ECB) and International Monetary Fund (IMF) determine the requirements of a potential bailout.
By Markus Salzmann, 13 June 2012
Cyprus is set to be the fifth of the 17 euro area countries to apply for money from the European bailout fund.