We are looking forward to continuing the dialogue with Cyprus, Lagarde tells CNA Nicosia, Sep 14 (CNA) – IMF is looking forward to continuing the dialogue with the Cyprus authorities as regards Cyprus’ request for an EU bailout, Christine Lagarde has told CNA. “First of all I would like to say that Cyprus is a
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French magazine Closer published a series of photos of Britain's Duchess of Cambridge, Kate Middleton, sunbathing topless on Friday, dealing a fresh blow to the royal family as it tries to move on from a scandal over naked shots of Prince Harry. Closer, a weekly round-up of celebrity gossip, ran a five-page spread of photos
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Spain and Greece seems to be dominating the Eurogroup meeting, taking place in Cyprus, which holds the EU rotating presidency. Sources told CNA that the Euro area Finance Ministers would discuss the situation in Spain, Greece, Portugal Ireland and Cyprus. While Madrid is pressing for direct recapitalization overruling a fully-fledged adaptation programme, the Euro area
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Does the German Constitutional Court ruling in favor of a European bailout fund, closely followed by the big win for pro-euro and pro-austerity parties in the Dutch general election, mark the beginning of the end of the euro crisis? Or were these events just a brief diversion on the road toward a euro breakup that
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Demonstrators attacked the U.S. embassies in Yemen and Egypt on Thursday in protest at a film they consider blasphemous to Is lam, and th e United States sent war ships towards Libya, w h e re the U.S. ambassador was killed in related violence this week. In Libya, authorities said they had made four arrests
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The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market. The central bank's decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a big
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Europe is already seeing "positive results" from the European Central Bank's announcement that it stands ready to buy unlimited amounts of bonds issued by euro zone states, ECB President Mario Draghi told a German paper. But he conceded he still had work to do to convince some in Germany and could address lawmakers there. Draghi
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Cyprus hosts on September 14 and 15 the Euro area’s Finance Ministers meeting (Eurogroup) and the Informal Economic and Financial Affairs Council (ECOFIN) organized in Nicosia under the Cypriot Presidency of the Council of the EU. The two meetings take place at the backdrop of the European Central Bank’s decision to launch the Outright Monetary
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IMF Managing Director Christine Lagarde, said Thursday she listened to the concerns of the government of Cyprus, during her first visit to the island. Lagarde, who arrived Thursday evening to attend the Informal Ecofin and Eurogroup, went straight into a meeting with President of the Republic Demetris Christofias who said the meeting “was not intended
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Risk assets from Asian shares to commodities rallied while the dollar index slipped further to a multi-month low on Friday as markets took positively the U.S. Federal Reserve's aggressive new stimulus to drive job creation in the U.S. economy. European equities rose sharply, with a 0.4 percent rise in U.S. stock futures suggesting a solid
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