President of the House of Representatives Yiannakis Omirou said Tuesday that the serious economic problems faced by the countries in the eurozone are worsened by the announcements of the international rating agencies. Omirou noted that the international rating agencies have launched an attack against the EU and more specifically the eurozone, thus creating more economic
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Michel Platini will be a good president for FIFA, incumbent Sepp Blatter said on Tuesday. Swiss Blatter, whose spell at the helm expires in 2015, believes Europe will fight to keep control of world soccer's governing body with UEFA president Platini of France a natural candidate. "Michel Platini is ready, if he wants. He says
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London School of Economics and Political Science is hosting a high-level conference on the Cyprus economy on February 10th in London. International and Cypriot specialist speakers will discuss “The Cyprus Economy at a Time of European Uncertainty: Managing Reform & Sustainability”. The conference is being organised by The Hellenic Observatory & LSEE – Research on
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U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default. French Finance Minister Francois Baroin said there was no need to shore up the European
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London Olympic organisers will buy back unwanted tickets for this year's Games directly at face value but fans wanting to get their hands on them will have to wait until April. An official re-sale website, run by London 2012 partner Ticketmaster and suspended due to computer problems only hours after it opened last Friday, was
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The decline in Europe's car market accelerated in December, led by a slump at regional No.2 automaker PSA Peugeot Citroen, as increasingly worried consumers held back from major purchases, industry figures showed on Tuesday. Car registrations tumbled 5.8 percent last month following declines of 1.4 percent in September and 3 percent in November, the Brussels-based
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Airbus outsold Boeing almost two-to-one in 2011 after gambling on a revamped fuel-efficient jetliner and delivered more jets than its rival for the ninth year running, while admitting it may struggle to keep its order crown this year. Figures released by the European planemaker on Tuesday confirmed the popularity of narrowbody jets offering significant fuel
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Prime Minister of Israel Benjamin Netanyahu will visit Cyprus in mid February. An Israeli embassy official in Nicosia told CNA Tuesday that the purpose of Netanyahu's visit would be to further strengthen relations between the two countries. “The Prime Minister of Israel will come to Cyprus to emphasize the good relations between the two countries
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Striking Greek workers brought the Athens metro to a standstill on Tuesday and kept ferries docked to protest against austerity as the country's lenders visited Athens to try to avert a disorderly debt default. EU, IMF and ECB officials start combing through Athens' books on Tuesday as part of efforts to put together a 130-billion-euro
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Hungary confirmed on Tuesday that European Union is set to announce legal action over its disputed central bank and judicial reform, complicating the nation's efforts to secure aid needed to remain solvent. Deputy Prime Minister Tibor Navracsics said the European Commission, which meets later on Tuesday, was expected to launch legal action over Hungary's bank
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