Ex-ECB man Papademos becomes new Greek PM

Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, and will have to scramble to save the country from default and an

Germany says not pursuing smaller euro zone

The German government is not pursuing the idea of a smaller euro zone and its policies are focused on stabilising the currency bloc as a whole, Chancellor Angela Merkel's spokesman said on

KEVE elects new chairman

Pheidias Pilides is the new chairman of the Cyprus Chamber of Commerce and Industry (KEVE), succeeding Manthos Mavromatis. Mavrommatis has completed two terms as chairman and cannot seek re-election to the post,