Slovenia's long-term foreign currency rating has been cut by the Fitch ratings agency to triple-B and could dip further because of the nation's shaky banking sector. That means Slovenia could be the next eurozone nation to ask for a bailout. The ...

There were scenes of turmoil in Ukraine's parliament when MPs from the ruling majority walked out, fed up with opposition blocking tactics. But the Party of the Regions and their Communist allies continued to vote on laws, after setting up their o...

Banks in Cyprus remain closed despite a bailout deal the country's newly elected government signed with international creditors. Protests have followed the agreement which called for Popular Bank, the country's second biggest bank, to be closed d...

Democracy Now takes a look at the stunning Cyprus deal that allows money to be to "snatched" from depositors' bank accounts, in the words of Prof. Richard Wolff. In exchange for a $13 billion Eurozone bailout, all bank deposits above $130,000 will...

A last-minute deal on a bailout for Cyprus' crippled banks has been reached, but could cost depositors with more than $130,000 in savings in the nation's staggering Laiki Bank up to 40 percent of their deposits. Laiki is being wound down so that t...

As the Cypriot leader meets with eurozone finance ministers for last-ditch talks to secure a 10 billion euro bailout, a pervading sense of gloom has affected the mood throughout the country. Cypriots are still reeling from shock over the dire situ...

The Cypriot government says the next few hours will determine the future of the country. Politicans are to debate how to stop the country from going bankrupt. The European Central Bank says they have until Monday to figure out how to raise more...

As officials in the EU and Russia debate the fate of their economy, people in Cyprus are wondering what hit them, Euronews finds. The crisis caused by an inflated financial sector has left them scrambling to save what cash they can before a potent...

In Cyprus, banks are set to stay closed all week: until next Tuesday in fact, as the hunt continues for a bailout which Cypriots will accept, to stave off bankruptcy.

Cypriots are holding their breath for a make or break bailout decision amid warnings of a slide into bankruptcy or crash out of the euro. Cyprus has postponed a vote on a planned one-off tax on depositors' savings accounts central to a eurozone ...