There is a need for a real economic and monetary union in the European Union that should be based on four pillars, the banking union, the fiscal union, the economic union and
Annual harmonised inflation in Cyprus dropped significantly in September 2012, from 4.5% in August to 3.6%, according to figures released by Eurostat. Euro area annual inflation was 2.6% in September 2012, unchanged
Germany's finance minister called on Tuesday for the creation of a 'currency commissioner' for the euro zone with wide-ranging powers over national budgets as part of an overhaul of the EU treaty
The outlook for Poland's banking system remains negative for the second consecutive year, Moody's Investors Service said in a new Banking System Outlook, based on the slowdown in economic growth; the consequent
Portugal's centre-right government on Monday announced sweeping tax rises and spending cuts in its 2013 budget, which promises a third year of recession and hardship under the strict conditions of a 78-billion-euro
The European Union could be destroyed by the "nightmare" euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday Soros,
Republican presidential challenger Mitt Romney and his allies raised $170.5 million in September, the campaign said on Monday, falling just short of the 2012 fundraising record set last month by Democratic rival
Brad Pitt made his debut as the first male face of Chanel's iconic No.5 fragrance on Monday, in an ad campaign that had fans and fashionistas split on the actor's latest role.
. By Dr. Andrestinos N. Papadopoulos, Ambassador a.h. Recent developments in our region have placed emphasis on the energy sector. Rightly so, because several states in the Eastern Mediterranean, including Israel and
Asian shares rose on Tuesday as investor sentiment improved thanks to an overnight rally in U.S. stocks that was fuelled by better than expected earnings from Citigroup Inc, the third-largest U.S. bank,
