Government Spokesman Stephanos Stephanou has made it clear that no decision has been made about Cyprus’ admission to the European Support Mechanism nor any investigation of intent has been conducted concerning this
Finance Minister Vassos Shiarly has said that the economy of Cyprus has proven its ability to successfully meet the challenges, as evidenced by its performance during the current tough economic conditions. Addressing
Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for
Asian shares edged higher in choppy trade on Wednesday and European stocks were also poised to gain, but the euro slipped as worries over contagion from Spain's banking sector were heightened after
Italian police said on Wednesday they were arresting members of an anarchist organisation suspected of carrying out a string of recent attacks, including sending letter bombs to the tax collection agency Equitalia
Cash-strapped Cyprus has shifted its focus onto a bilateral loan instead of an EU bailout to recapitalise its second largest bank although both options are still open, media reported on Wednesday. The
Cyprus’ trade deficit decreased by 205 million euro in the first quarter of 2012, reaching 1.42 billion euro, compared with a deficit of 1.63 billion euro in the corresponding quarter of 2011,
Cyprus will be able to maintain its corporate tax of 10%, even if the country asks for the assistance of ESFS or the ESM for the recapitalization of its banking sector, Finance
Cyprus is keeping its options open on whether to apply for a European Union bailout to help recapitalise its second largest bank but has yet to make any application, the government said
Europe's struggling economies should look to tiny Iceland as a model for managing their crises and returning quickly to growth, especially in winning public support for moderate austerity policies, Prime Minister Johanna
