The House of Representatives yesterday by majority a government bill enabling the Council of Ministers to alienate state land. The Bill allows the Government to proceed with the agreement signed recently between
House Plenary, at the presence of Cyprus Finance Minister Charilaos Stavrakis, approved on Thursday a government bill for tax hikes on fuel products. Twenty six MPs from the ruling party AKEL, the
Greece's international backers gave it good marks on Thursday for austerity measures demanded as part of a huge bailout, as unions called a 24-hour strike in protest at cuts that have pushed
Most Asian stocks rose on Friday, encouraged by a late rebound on Wall Street, while the euro hovered near 3-week highs against the dollar after a strong investor response to Spanish bond
European Union leaders agreed broad plans to toughen budget rules and improve coordination of economic policy at a summit in Brussels on Thursday. Following are details of the agreement, meant to show
European leaders agreed to publish details of "stress tests" showing the financial health of individual banks next month and to toughen budget rules to restore confidence in their currency union. The euro
European Union leaders agreed on Thursday to start membership negotiations with Iceland, while urging Reykjavik to move quickly to resolve a dispute over $5 billion in debts to Britain and the Netherlands.
European Commission President Jose Manuel Barroso has confidence in the overall resilience of the European banking system, an EU source said on Thursday. Barroso will deliver this message to European Union leaders
Remarks by Athanasios Orphanides, Governor of the Central Bank of Cyprus, at the conference on “Financial Interdependence in the World’s Post-Crisis Capital Markets”, organised by the Global Interdependence Center and the Banque
German Chancellor Angela Merkel appealed to the rest of the European Union to unite behind plans for a levy on the banks she blames for the economic crisis, but deep divisions remained
