No more pensions in Cyprus after 2048?

 * Actuaries want urgent reforms; Payout reached 4 bln in 2004-2009 * The state Social Insurance Fund’s total payout for pensions in the five years up to 2009 reached a staggering 4

Italy’s Monti in urgent trip to Brussels

 Italian Prime Minister Mario Monti flew unexpectedly to Brussels on Thursday for what appeared to be a private visit ahead of a series of meetings with European leaders over the coming weeks.

IAG December traffic up 12.2%

International Airlines Group, formed by the merger of BA and Iberia, posted a strong rise in traffic in December, boosted by continued growth in first and business class passenger numbers. Traffic, measured