Europe must unite to tackle the euro zone debt crisis or risk fragmentation, decline and irrelevance, European Commission President Jose Manuel Barroso said on Sunday. Barroso's solidarity call, in a commentary for The Observer newspaper, seemed particularly aimed at Britain, where the euro zone debt crisis has fuelled an already strong eurosceptic strain. "As we
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Crowds gathered at government buildings on Saturday celebrating the imminent departure of Prime Minister Silvio Berlusconi after parliament cleared the way for his resignation by approving a budget aimed at rescuing Italy from financial crisis. Hundreds of demonstrators waving banners mocking Berlusconi flocked to the president's residence at the Quirinale Palace and shouted "clown, clown,
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Greeks strongly support their new technocrat prime minister Lucas Papademos and his national unity government, opinion polls showed on Saturday, which also indicated the country may continue with coalition rule after he steps down next year. Papademos, a former central banker, has already called on the nation to rally behind his coalition as it sets
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Greece's new cabinet may last a month or two longer than planned, a senior government official said on Saturday, but whatever happens Greeks should not expect any relief from the tough austerity measures they have endured for two years. A national unity government, led by technocrat Prime Minister Lucas Papademos, took power on Friday with
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The European Central Bank (ECB) should focus on its key monetary policy mission and role of a last resort lender to the banking sector rather than buy bonds of distressed euro countries, Slovak Prime Minister Iveta Radicova said. Traders said the ECB bought Italian bonds aggressively this week to contain a spike in yields that
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Italy's parliament was set to approve austerity measures on Saturday, triggering the formation of an emergency government to replace that of Prime Minister Silvio Berlusconi, and meeting European Union demands to avert a euro zone meltdown. After months of dither and delay, Rome appears to have got the message as bond markets pushed it to
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Cyprus suffered their fifth consecutive defeat after going down 2-1 to Scotland in a friendly international on Friday. Cyprus missed two good scoring chances in the first half, paving the way for the Scots to open the score through Kenny Miller's long range effort in the 24th minute. In the second half both teams made
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The Friedrich Ebert Foundation (FES) and the PRIO Cyprus Centre (PCC) will host a one day conference on “Cyprus Offshore Hydrocarbons: Wealth Distribution and Regional Politics.” Date: Saturday, 26 November, 9-16:30 Venue: Chateau Status, in the Nicosia Buffer Zone. The event will be in English, and is open to the public. The conference will bring
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Technocrat Prime Minister Lucas Papademos took office on Friday to save Greece from bankruptcy, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis. At a colourful swearing-in ceremony, bearded Orthodox priests, led by the Archbishop of Athens, blessed Papademos, a former vice president of the European Central
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No-one in Europe is suggesting a break-up of the euro zone or the European Union, and the solution for the region's sovereign debt woes is greater integration, European Commission President Jose Manuel Barroso said on Friday. "The solution is not to divide Europe, it is to bring it closer together," Barroso told reporters in Lisbon.
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