European Central Bank President Mario Draghi said on Friday the bank stood ready to support the euro zone's banking system should it be required. "The Eurosystem will continue to supply liquidity to solvent banks where needed," he said at a conference. He also said the full impact of the ECB's low-interest, three-year loan programme (LTROs)
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The Republic of Cyprus is ready to enter into discussions with energy companies Delek and Noble as well as with the Israeli government in order to achieve the arrival of natural gas as soon as 2013, Commerce Minister Neoklis Sylikiotis said on Thursday. Speaking to the press in the sidelines of a gas conference taking
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Annual inflation in Cyprus rose to 3.7% in May, compared to 3.6% in April, according to figures released on Thursday by Eurostat, the statistical office of the European Union. Euro area annual inflation was 2.4% in May 2012, down from 2.6% in April. A year earlier, the rate was 2.7%. In May 2012, the lowest
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According to the results of the tenth publication of RICS (Royal Institution of Chartered Surveyors) Cyprus’ Property Price Index, that were published here Thursday, it has been recorded a disappointing behaviour in property prices across Cyprus’ major urban areas, with prices and rents falling across all districts. The Index tracks property and rental prices across
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In the past, money was no object when cancer specialists considered which drugs would provide the best treatment for their patients. But some top oncologists are rethinking that stance, given the soaring costs of new cancer medicines, reduced reimbursement by insurance plans and fresh research that has identified cases where cheaper generic drugs can work
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* Central banks ready to combat Greek market storm * Britain to flood system with cash * Greek leftist says bailout deal will be dead by Monday * Spain promises new measures after yield hits 7 percent Central banks from major economies stand ready to take steps, including coordinated action, to stabilise markets as world
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Greece's rundown state hospitals are cutting off vital drugs, limiting non-urgent operations and rationing even basic medical materials for exhausted doctors as a combination of economic crisis and political stalemate strangle health funding. With Greece now in its fifth year of deep recession, trapped under Europe's biggest public debt burden and dependent on international help
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Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm. Spain's 10-year bond yield hit a euro lifetime high of 7 percent – a staging post above which Greece, Ireland and Portugal were
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An audit of Spain's banks showing how much they need to be recapitalised should be completed by Monday, two sources told Reuters on Thursday, with one saying the figure to clean up a number of banks will be 60-70 billion euros ($75-$88 billion). The audit from consulting firms Oliver Wyman and Roland Berger was due
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Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm. Spain's 10-year bond yield hit a euro lifetime high above 7 percent – a danger level above which Greece, Ireland and Portugal were
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