Central Bank Governor Athanasios Orphanides, has described as “very encouraging” the efforts of Minister of Finance Kikis Kazamias, to put in order the island’s finances. Orphanides said “it is imperative for all
Italy has asked China to buy Italian debt as the euro zone's third-largest economy struggles to convince markets it can manage its debt load, media reports said. An Italian auction of long-term
Libya's interim leader has made his first public speech in Tripoli, warning against reprisals after loyalists of the ousted Muammar Gaddafi struck out at the revolutionaries pursuing them. In an apparent attempt
Nintendo announced a raft of new software in an attempt to prop up disappointing sales of its latest handheld games gadget, the 3DS, but there was no sign of the add-on accessory
Japanese Prime Minister Yoshihiko Noda reaffirmed his commitment to curbing public debt on Tuesday and warned taxes will have to rise, while reaching out to the opposition for help in tackling the
German Finance Minister Wolfgang Schaeuble said on Monday there could be no taboos in trying to solve the Greek debt crisis and the government had to consider all eventualities. "It would be
A new property tax may pull Greece back from the brink of default by securing desperately needed EU/IMF cash but it also exposes the government's foot-dragging in curing chronic structural ills to
Asian stocks rose and the euro edged off a seven-month low on Tuesday after a report that Italy may get financial support from China sparked a bout of short-covering but did nothing
Greek workers threatened on Monday to sabotage a new property tax decided by the government as a last-ditch effort to please international lenders, ignoring warnings that Athens will run out of cash
Officials from German Chancellor Angela Merkel's coalition sent a tough message to Greece on Monday that it might have to leave the euro zone if it fails to meet conditions for its
