Greece’s budget deficit widens 0.8% in 2011

Greece's budget deficit widened last year as an austerity-fuelled recession cancelled out much of the extra revenues the government was hoping to raise through emergency taxes, data showed on Thursday. The central

Brazil’s rise as a major world player

. — Foreign policy achievements BY DR ANDRESTINOS N. PAPADOPOULOS, AMBASSADOR A.H. Today’s new world order is mostly led by non-western giants, such as China, India and Brazil. Brazil rose as a

A weakening euro is good for Europe

. BY SHAVASB BOHDJALIAN As the euro touched a new 16-month low on Monday at 1.2665 against the dollar and an 11-year low of 97.28 against the yen, the international media rushed

Will 2012 be the year of bank M&As?

* Russians ready to invest or escape Putin’s clampdown? *  The continued downgrades of the Cyprus banking system, made worse by the local banks’ exposure to Greek government bonds (GGBs) and the