Cyprus's

The debt crisis also threatened to spread further Wednesday when Cyprus's central bank governor warned that country needs to take drastic action to avoid the need for a financial rescue, after a July 11 explosion at a naval base destroyed Cyprus's main power station, disrupting the already-fragile economy.

German-French Harmony on Greece Marcus Walker 2011

But markets fear Cyprus's trade and financial dependency on Greece.

Cyprus Issues Economic Warning Costas Paris 2011

Amid heightened market nerves, a spokesman for the European Commission in Brussels said she was confident about Cyprus's ability to make economic overhauls and keep to its promises on deficit reduction.

Cyprus Ministers Resign Before Shuffle Joe Parkinson 2011

Cyprus's president was blamed for a massive July explosion of seized Iranian munitions that killed 13.

What's News: World-Wide 2011

After it seized the munitions, the government stored the roughly 100 crates on a naval base 150 meters from the Vassilikos power station, which supplied more than half the Republic of Cyprus's electricity.

Cyprus Leader Blamed in Blast Marc Champion 2011

Cyprus's central bank governor last week warned that the blast may force Cyprus to seek a bailout if deep spending cuts aren't made swiftly.

Cyprus Ministers Resign Before Shuffle Joe Parkinson 2011

*** World-Wide Cyprus's cabinet resigned in preparation for a reshuffle aimed at holding together a fragile governing coalition in the face of growing public anger over a munitions blast that has escalated the island's economic crisis.

What's News 2011

Cyprus's ruling coalition partner party left the government over disagreements about talks to reunify the ethnically divided island, leaving the president with a minority in parliament.

What's News— 2011

Cyprus's cabinet resigned on Thursday in preparation for a shuffle aimed at holding together a fragile governing coalition in the face of growing public anger over a munitions blast that has dramatically escalated the island's economic crisis.

Cyprus Ministers Resign Before Shuffle Joe Parkinson 2011

Cyprus's government says it asked the U.N. to take the weapons but was rebuffed.

Cyprus Leader Blamed in Blast Marc Champion 2011