Tags archives: germany

Cyprus Strikes Bailout Deal With EU

In what has been deemed as a last minute deal, Cyprus leaders have reached an agreement with the European Union for a 10 billion euro bailout. Officials say the deal was reached after pressure mounted from a German-led bloc threatening to cease all temporary funding if a deal was not reached. With an economy largely based on banking, the bailout will consist of shutting down the country’s largest bank, The […]

Timeline of Pope Benedict XVI (2005-2013)

In light of Pope Benedict XVI announced resignation; below is a timeline of significant events throughout His Papal reign. April 19th, 2005 - Cardinal Joseph Ratzinger of Germany, is elected as Pope at the age of 78. He is the oldest elected Pope since Pope Clement XII (1730-1740) Ratzinger succeeds Pope John Paul II. Ratzinger chooses the Pontifical name of Benedict XVI. Before his election to the Papalcy, Ratzinger was at […]