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Analysis: ECB prepared to let Cyprus go, protect others

Eurozone - Reuters

The European Central Bank is prepared to cut off funding to Cyprus and let the Mediterranean island succumb to financial meltdown if it has to, confident it has unlimited firepower to protect the rest of the euro zone.

 

ECB leaves key rate at record low of 0.75 percent

The European Central Bank has left its benchmark interest rate unchanged at a record low of 0.75 percent, holding off on further stimulus even though the euro area remains stuck in recession.

 

ECB severs all ties with Stanford

The England and Wales Cricket Board terminates all of its contracts with Texan billionaire Sir Allen Stanford.

 

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