. By Dr. Jim Leontiades The Cyprus International Institute of Management It used to be unthinkable. It is still strongly denied, but a few voices are stating the obvious. Greece may leave
. By Shavasb Bohdjalian The euro tumbled sharply lower over worries that Greece will default, with the market not impressed by the latest revenue raising measures announced by the government of George
. ANALYSIS By Alan Wheatley, Global Economics Correspondent, Reuters Greece's exit from the euro zone would inflict untold damage on Europe's economy, further burnish the attractiveness of a rising Asia and hasten
. * Public sector now earns twice the private sector wage SPECIAL REPORT By Fiona Mullen Throughout the debate on reform of public-sector spending, there has been little discussion about the difference
. Reading a Reuters report on the problems facing Italy and its embattled leader, I see many similarities in the problems facing both Cyprus and Italy. After many months of indecision, both
. The August business confidence index as compiled by the University of Cyprus saw its sixth successive retreat, due mainly to the Vassiliko explosion and the inability of the government to properly
. * Worried about Afghan drugs, seeks economic gains Russia agreed with Tajikistan on Friday to extend the deployment of its military base in the country, a move likely to boost Moscow's
. BY EFTHYMIOS FLOURENTZOU Minister of Communications and Works Traditionally, Cyprus and Germany have shared an excellent political and trade relationship, which became even closer following the accession of Cyprus to the
. The passage of the government’s first austerity plan last Friday hiking the pension contributions of civil servants and implementation of other measures that are supposed to achieve some cost savings was
. It is incomprehensible how the civil servants’ union that represents about 20% of the island’s workforce, has succeeded in the past five decades to impose itself on the private sector unions,
