Shareholders of Greece's Alpha Bank and Eurobank approved on Tuesday a plan to merge the two lenders in an attempt to protect them from the fallout of the country's debt crisis. Greece's
Cyprus’ GDP marked a decrease of 0,7% in the third quarter of 2011, compared with the previous quarter, according to estimates published on Tuesday by Eurostat, the statistical office of the European
Europe's leaders have less than a month to strike another grand bargain to rescue the euro zone from a worsening sovereign debt crisis. Contagion in financial markets may have to get still
** Previous quarters revised down ** The destruction of Cyprus’ main power station on July 11th as a result of an armaments blast pushed the economy into recession in the third quarter
Greece and private bondholders will begin thrashing out a deal on Thursday to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection
** Second gas round could be before year-end, says Minister ** Cyprus can benefit from the relative decline of other gas producers in the region, but will have to work quickly to
A senior member of German Chancellor Angela Merkel's conservative bloc called on Britain on Tuesday to be less self-centered in its relationship with Europe despite not being a member of the single
British luxury goods group Burberry is to stick with ambitious expansion plans, saying demand in top cities like Hong Kong, London and New York would prove resilient in any downturn. Chief executive
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve
Prime Minister-designate Mario Monti meets the leaders of Italy's biggest two parties on Tuesday to discuss the "many sacrifices" needed to reverse a collapse in market confidence that is driving an ever
