Cyprus is a well-developed tourist destination

Cyprus places great importance both on sustaining its current tourist markets as well as on reaching out to new ones, Minister of Commerce, Industry and Tourism, Praxoula Antoniadou has said. Speaking at

Italian borrowing costs reach breaking point

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's promise to resign failed to raise optimism about the country's ability to deliver on long-promised economic reforms. Italian 10-year

Italy faces limbo after Berlusconi agrees to go

Italy looks set for lengthy political uncertainty after Prime Minister Silvio Berlusconi's pledge to resign, with his centre-right party calling for elections and the main opposition for a national unity government. After

Berlusconi will resign, says Italian president

Italian Prime Minister Silvio Berlusconi will resign following a humiliating vote in parliament on Tuesday, President Giorgio Napolitano said. The president said after meeting Berlusconi that the 75-year-old prime minister would step

Sarkozy eyes two-speed future for Europe

French President Nicolas Sarkozy laid out a vision of Europe on Tuesday in which euro zone countries accelerate and deepen their integration while a wider and expanding group outside the currency bloc