Cyprus should take additional measures to reduce government spending and reform the health and pensions sectors in order to meet a national stability programme and for the economy to return to a
Ten years ago Cyprus was enjoying full employment and Germany was struggling with high jobless rates. Ten years later, Cyprus's unemployment has hit 10% and Germany's is just 5.6%. This could be
France will miss its deficit goal next year without additional spending cuts and tax reforms, the European Commission said on Wednesday, sending a message to new French President Francois Hollande that his
* Minimal impact from Greece * Hellenic Bank, the third largest lender in Cyprus where the Church has a significant stake, reported 8 mln euros in net profits for the first quarter,
The European Union turned up pressure on Greece on Wednesday, warning it must step up reforms to keep getting full bailout aid and that the date of its next inspection visit to
Greece's radical leftist SYRIZA party has taken the lead over the pro-bailout conservatives, a poll showed on Wednesday, ahead of a national parliamentary election next month that may determine whether the debt-laden country
The euro zone must boost growth and cut debt to regain investor confidence but it should also move towards a banking union, consider eurobonds and the direct recapitalisation of banks from its
The world's biggest trade credit insurer, Euler Hermes, has stopped covering exporters shipping to Greece because of the mounting risk of them not getting paid in the event the debt-laden nation is
UEFA have suspended Besiktas from European competitions for one year due to the Istanbul club's financial problems, Turkish media reported on Wednesday.
People who had taken aspirin, ibuprofen and related painkillers – especially at high doses and for years at a time – were less likely to get skin cancer compared to those who
