Debt-laden and recession-hit Greece must accelerate structural reforms and slow down on deficit reduction, the head of the IMF's inspection team for Greece was quoted as saying on Wednesday. Austerity policies imposed
Unused funds from the current EU financial framework will be used to address youth unemployment and to promote competitiveness of Small and Medium Enterprises (SMEs), Head of the Representation of the European
Euro zone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of
Chancellor Angela Merkel cemented her political ascendancy in Europe on Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to
The euro rose on Tuesday, supported by hopes for a Greek debt restructuring deal that would help the country avoid a disorderly default, possibly setting itself up for a test of a
Greece's Prime Minister Lucas Papademos held talks on restructing Greek debt with senior officials from the European Central Bank and the European Union after an EU summit on Monday, officials said. ECB
Greece's largest bank merger in decades was thrown into doubt as it approached completion, after Alpha Bank said it first needed to assess the impact of the country's planned debt swap scheme
European leaders struggled to reconcile austerity with growth on Monday at a summit in Brussels due to approve a permanent rescue fund for the euro zone and put finishing touches to a
Hong Kong shares snapped a six-session winning streak on Monday as investors sold some of this year's outperformers after Beijing failed to meet expectations for a cut in the bank reserve ratio
Government Spokesman Stephanos Stephanou said on Saturday that the government aims at finding a strategic investor for Cyprus Airways, the island’s national air carrier. Asked whether the government would sell the majority
