Cyprus Banks

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  'To Doubt Greek Solution as Prime Minister Alexis Tsipras Reforms Awaited' Says President Mario Draghi

  European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals today.

• China bars banks from handling bitcoins

  Bitcoins suffered a new setback after China's central bank said Thursday its banks and payment systems are barred from handling the virtual currency.

• Cyprus passports offered to foreigners who lost millions in EU bailout

  President Nicos Anastasiades said Sunday that foreigners with bank deposits in Cyprus who lost at least 3 million euros ($3.9 million) under an EU bailout for the island would be given passports.

• Cyprus details heavy losses for major bank customers

  Major depositors in Cyprus's biggest bank will lose around 60 percent of savings over 100,000 euros, its central bank confirmed on Saturday, sharpening the terms of a bailout that has shaken European banks and saved the island from bankruptcy.

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  Cyprus bailout talks go to wire in Brussels

  EU economic chief Olli Rehn warned Cyprus it was essential to reach a deal in Brussels Sunday to save its economy from imminent bankruptcy, saying "there are only hard choices left" for the country.

• Cyprus racing to complete alternative rescue plan

  Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away.

• British military plane takes 1 million euros to Cyprus

  The cash cargo flight was a "contingency" plan in case banks in Cyprus stopped giving out money as the island deals with the fallout from a controversial eurozone bailout deal, a spokesman said.

• Cyprus leader faces anger at bank-saving EU bailout

  President Nicos Anastasiades tried Saturday to appease Cypriots angry at having to pay from their bank deposits for a chunk of an EU bailout deal which his government signed to rescue the island's banks.

• Earthquake shakes Israelis and Palestinians

  Israelis and Palestinians were shaken by a 5.5 magnitude earthquake centred in the Mediterranean sea, but local media reported no casualties or major damage.