Greece must implement the reforms it agreed to under the second bailout programme and the European Commission is ready to help Athens with that, the European Union executive said on Monday, after Greek parties opposing the bailout did well in elections. "Full and timely implementation of the programme is of the essence in order to
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Greek and French election results rattled investors on Monday by undermining confidence in the region's plans to cut spending and tackle its debt crisis, sending the euro to a three-month low. European shares also initially traded lower, with Greek stocks down 6.4 percent, but reaction was muted with the UK market closed for a holiday.
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EU nations are dithering over how to fill a multi-billion-euro fund to help tackle climate change, just as the region's executive body hosts talks with countries likely to bear the brunt of extreme weather. The European Union recommitted to providing 7.2 billion euros ($9.4 billion) for the fund over 2010-12, according to draft conclusions seen
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Romania's new prime minister said he was confident his leftist government would win parliamentary approval on Monday and finalise a deal with international lenders to restore public wages to their previous levels. Romania's left-leaning opposition ousted Prime Minister Mihai Razvan Ungureanu's cabinet last month after a wave of public anger against plans for spending cuts.
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The Electricity Authority of Cyprus is working round the clock to operate the units at Vasiliko Power Plant that were damaged last July, to meet the increasing power supply in the summer. EAC Chairman Haris Thrasou told CNA that the two units at Vasiliko power plant, which suffered major damage, following a blast at a
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A delegation of the European Affairs Committee of the Danish Parliament will visit Cyprus, on 7 and 8 May, 2012, in view of the forthcoming Cypriot Presidency of the Council of the European Union which begins on July 1. The Danish Parliamentary delegation is composed by Eva Kjer Hansen, Chairperson of the Committee, and Committee
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Vladimir Putin appealed for unity in Russia after being sworn as president on Monday and pledged to strengthen democracy in his new six-year term. "I will do all I can to justify the faith of millions of our citizens. I consider it to be the meaning of my whole life and my obligation to serve
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* Left Coalition scores big surprise in Greek election * Topples socialist PASOK scoring second place Greece's youngest political leader Alexis Tsipras was the big beneficiary of Sunday's national election as austerity-fatigued voters catapulted his Left Coalition party towards second place. Tsipras, 37, benefited from a stinging electoral rejection of conservative New Democracy and socialist
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Shares, oil and other riskier assets slumped on Monday after elections in Greece and France saw incumbents defeated, raising fears the collective response to the euro zone debt crisis seen as crucial to holding the currency bloc together is fracturing. MSCI's broadest index of Asia-Pacific shares outside Japan slid 2.3% to a three-month low, on
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Acupuncture and hypnosis have been promoted as drug-free ways to help smokers kick the habit, and there is some evidence that they work, according to a research review that looked at 14 international studies. Researchers, whose findings appeared in the American Journal of Medicine, said that there are still plenty of questions, including exactly how
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