Senior correspondent, Brussels
Robin's Feed
Mar 25, 2013
Mar 21, 2013
Mar 21, 2013

Levy on Cyprus depositors is inevitable -Eurogroup chief

BRUSSELS, March 21 (Reuters) – Russia is not going to come
to Cyprus’s rescue with new loans and any bailout of the
Mediterranean island will have to involve some kind of levy on
depositors, the man leading the euro zone’s efforts to reach a
deal said on Thursday.

Cyprus has faced the prospect of bankruptcy since Tuesday
when its parliament voted unanimously against a levy on bank
deposits to raise almost 6 billion euros ($7.5 billion) demanded
by the euro zone, in addition to a 10 billion euro rescue.

Mar 16, 2013

Cyprus’ savers bear brunt of unprecedented bailout

BRUSSELS/NICOSIA (Reuters) – The euro zone agreed on Saturday to hand Cyprus a bailout worth 10 billion euros (8.6 billion pounds), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risk of a wider run on savings.

The eastern Mediterranean island becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help during the region’s debt crisis.

Mar 16, 2013

Savers forced to bear costs in Cyprus bailout

BRUSSELS (Reuters) – The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider bank run.

Cyprus becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help in the wake of the region’s debt crisis.

Mar 16, 2013
Mar 16, 2013
Mar 15, 2013

Easing inflation, wages aid case for euro zone stimulus

BRUSSELS, March 15 (Reuters) – Inflation pressures in the
euro zone are easing, data showed on Friday, giving governments
and central bankers a touch more leeway for stimulus as the
region’s leaders seek to shift their focus to reviving economic
growth.

Modest wage growth and a cooling of food price pressures
drove annual euro zone inflation down to 1.8 percent in
February, its lowest level since mid-2010, the EU’s statistics
office said on Friday.

Mar 14, 2013
Mar 14, 2013
    • About Robin

      "Robin is a Brussels-based correspondent covering Europe's debt crisis, and editor of the euro zone page on reuters.com. He joined Reuters from the Financial Times in Mexico City in 2002, moving to Panama City and then to Lima, Peru, before heading back to Mexico to cover the U.S.-Mexico border. He led the drugs war coverage that was nominated for an Overseas Press Club award in the United States in 2010. Robin started out in Amsterdam at Dutch financial daily Het Financeele Dagblad as an English-language staffer."
      Hometown:
      London
      Joined Reuters:
      2002
      Languages:
      Spanish, French
    • More from Robin

    • Contact Robin

    • Follow Robin