Cyprus's government urged lawmakers on Friday to "take the big decisions" to save the island from a financial meltdown, saying they had only a matter of hours. "The next few hours will
Cyprus has agreed with Greece on a takeover of the Greek units of Cypriot banks, the island nation's presidency said on Friday, ending uncertainty over the fate of those operations. "After talks
Petrol stations in Cyprus are in danger of closing since owners do not have cash to refill their reserves. Chairman of the Petrol Owners Association, Stephanos Stephanou told CNA that the situation
Italy's surprise decision to return two marines accused of murdering two Indian fisherman followed intense negotiations over 24 hours in which Rome secured a vow from New Delhi the two would not
U.S. President Barack Obama visited Israel's most powerful national symbols on Friday, paying homage at the Holocaust memorial and the graves of the founder of modern Zionism and assassinated prime minister Yitzhak
Credit Suisse upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay in a year when
Overseas Greeks are undertaking an intensive effort to inform the US administration as well as parliamentarians how to better understand the economic crisis in Cyprus and America’s obligation to assist. In a
European shares were heading for their worst week since November and safe-haven German government bonds were at 2013 highs on Friday, as Cyprus scrambled to avoid a meltdown of its banking system
Cyprus Finance Minister Michael Sarris returns home empty-handed on Friday afternoon, having failed to persuade Russian lenders to extend a 2.5 bln euro facility that expires in 2016, in a desperate attempt
ΤΗΕ EURO-ZONE CRISIS Just when you thought it was safe… Bailing out Cyprus was always going to be tricky. But it didn’t have to be like this Even by the standards of
