Cyprus cannot rule out an EU bailout to prop up its Greece-exposed banks, its finance minister said on Wednesday, but is worried its EU partners could impose prohibitive conditions on any offer
Greece's tourism revenues may plunge up to 15% this year, an industry official said on Wednesday, as holidaymakers spooked by concerns the country may leave the euro zone switch to other destinations.
Germany and European Union officials are urgently exploring ways to rescue Spain's debt-stricken banks although Madrid has not yet requested assistance and is resisting political conditions, several EU sources said on Wednesday.
Laiki Bank sponsored and took part in the “China Offshore Summit”, a very successful conference held in China on 30 and 31 May 2012. The conference was organised by China Offshore, one
Political and business corruption in Europe, especially in the Mediterranean, could further weaken vulnerable economies struggling to overcome the euro crisis, an international watchdog said on Wednesday. While it sees itself as
The European Central Bank is expected to hold back from policy moves when it meets on Wednesday, instead urging governments to address the euro zone's crisis, but it could indicate a readiness
Oil rose toward $100 a barrel on Wednesday as supportive economic and crude stocks data from the United States outweighed pressure from Europe's lingering debt crisis. Brent crude rose more than $1.10
The Cyprus issue and the Cypriot economy were the main issues discussed during the meeting of Democratic Rally (DISY) President Nikos Anastasiades and the President of the European Commission Jose Manuel Barroso,
The planet Venus made a slow transit across the face of the sun on Tuesday, the last such passing that will be visible from Earth for 105 years. Transits of Venus happen
Moody's Investors Service cut the credit ratings of six German banking groups and Austria's three largest banks on Wednesday, saying they face risks if the euro zone crisis deepens. The downgrades are
