Cyprus is too small to be divided and big enough to accommodate all its children, President of the Republic of Cyprus Demetris Christofias stressed here Tuesday. In an address to the nation,
U.S. securities regulators gave the financial industry a reprieve from marking hard-to-value assets down to fire sale prices, throwing a lifeline to an industry beset by strained credit markets and the latest
Britain wants Ireland to look closely at its guarantee of all deposits in Irish banks to make sure it complies with European Union competition law, a spokesman for Prime Minister Gordon Brown
The European Commission approved on Wednesday a rescue plan for British mortgage-lender Bradford & Bingley, part of European efforts to limit contagion from the financial crisis. British authorities notified the EU's state
British interest rates will fall this year, possibly as soon as this month, as the Bank of England tries to energise an economy in stagnation despite high inflation, a Reuters poll showed.
The EU needs stronger European financial supervision and greater consistency in national deposit guarantee schemes to stabilise the financial system, European Commission President Jose Manuel Barroso said. Barroso said the existing system
European policymakers urged the U.S. Senate on Wednesday to approve a revised $700 billion financial rescue plan aimed at tackling the worst financial crisis since the 1930s. The contagion stemming from risky
BRUSSELS, Oct 1 (Reuters) European Union leaders are looking at what they can do to strengthen the bloc's financial system after they were forced to rescue banks in Britain, Belgium and Germany.
Cypriot President Demetris Christofias, who leads the Greek Cypriot community, appealed on Tuesday for reconciliation with the Turkish Cypriots, saying permanent partition would be disastrous for the island. Christofias started reunification talks
Cypriot President Demetris Christofias said he was prepared to open ports and airports to commercial activities run by Turkish Cypriots from the northern half of the divided island. "The Republic of Cyprus
