Greece will get "a few weeks" more time to meet terms of its international rescue but will not get more money, Austrian Finance Minister Maria Fekter said in a newspaper interview released on Sunday. She also said that Spain was likely to need far less than the up to 100 bln euros ($131.5 bln) originally
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Handing bank oversight to the European Central Bank is not in itself sufficient to allow the euro zone's rescue fund to directly assist banks, Germany's Finance Minister said, warning he expected no such deal on supervision in 2012. Wolfgang Schaeuble made the comments after talks between EU finance ministers meeting in Cyprus on Saturday exposed
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Over 150,000 Portuguese marched on Saturday against planned tax hikes that have shattered the consensus behind austerity imposed by an EU/IMF bailout, and tens of thousands more marched in Spain, seen as the next country needing to be bailed out. The rallies in Portugal were mostly incident-free, but a young protester of about 20 was
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Cyprus told euro zone finance ministers that it will not be able to continue without financial assistance, Austria's finance minister said on Friday, adding that this matter was being studied. "Cyprus told us that they would not be able to make it without financial assistance," Maria Fekter told reporters after the meeting of the euro
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In a walled churchyard in the old city of Damascus, a small group of Syrians debate whether the time has come to flee one of Christianity's ancient heartlands. Members of a Christian community which stretches back 2,000 years, they worry that Syria's civil war can have no happy outcome and they face an upheaval that
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Spain, under pressure to spell out whether it needs more financial support, told euro zone finance ministers on Friday it will present a new set of structural economic reforms with firm deadlines by the end of the month. Madrid's borrowing costs have fallen sharply since the European Central Bank said it was ready to buy
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Cyprus annual inflation recorded an increase in August compared to July, reaching 4.5%. According to Eurostat, the statistical office of the European Union, the annual inflation in Cyprus increased in August to 4.5%, compared to 3.8% in July and 2.9% in June. In August 2012, the lowest annual rates were observed in Sweden (0.9%), Greece
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Eurogroup chairman Jean-Claude Juncker noted on Friday that the Eurogroup has invited Cyprus to rapidly clarify its intentions with a view to resuming and concluding the negotiations as regards its request for an EU bailout. “We invited to Cyprus to rapidly clarify their intentions with a view to resuming and concluding the negotiations regarding a
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We are looking forward to continuing the dialogue with Cyprus, Lagarde tells CNA Nicosia, Sep 14 (CNA) – IMF is looking forward to continuing the dialogue with the Cyprus authorities as regards Cyprus’ request for an EU bailout, Christine Lagarde has told CNA. “First of all I would like to say that Cyprus is a
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French magazine Closer published a series of photos of Britain's Duchess of Cambridge, Kate Middleton, sunbathing topless on Friday, dealing a fresh blow to the royal family as it tries to move on from a scandal over naked shots of Prince Harry. Closer, a weekly round-up of celebrity gossip, ran a five-page spread of photos
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