Cyprus tourism revenue rises 12.9% in 2011

**Promising start to 2012 in January** Revenue from tourism rose by 12.9% in 2011, according to the Statistical Service—higher than the 10.1% increase in tourism arrivals. For the period January – December

Second financing package for Greece

Euro zone finance ministers approved a second financing package for Greece early on Tuesday, which aims at reducing Greek debt to 120.5 percent of gross domestic product by 2020 from 160 percent