* Left Coalition chief says euro exit threat a scare tactic * Anti-bailout party seen taking 9-13 pct of vote * Wants leftist parties to band together Alexis Tsipras says Greece's political elite are bluffing when they say harsh austerity cuts are required to keep the country in the euro zone. And he wants Greek
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A former bank chief was sentenced to eight years jail on Monday for fraud and forgery, court officials said, the first major conviction resulting from an anti-corruption drive ahead of a parliamentary election on Sunday. An Athens court convicted Pavlos Psomiadis, former chief of small banking and insurance group Aspis, on charges of forging documents
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Cyprus’ accession to the EU, eight years ago, signaled a momentous milestone in the island’s history. Cyprus joined the EU on May 1st 2004, along with other nine countries from Central and Eastern Europe. ''As from this moment, the Republic of Cyprus becomes a full, integral and inseparable member of the great European family. This
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The European Union is working on a plan to pump 200 billion euros ($265.19 billion) in investment into infrastructure, green energy and high technology, Spanish daily El Pais said on Sunday, quoting unnamed European sources. The daily said the plan was due to be unveiled at an EU summit in June along with options to
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Spain's economy slipped into recession in the first quarter, data showed on Monday, with deep government spending cuts to reduce a massive public deficit and troubles in the banking sector likely to delay any return to growth. Gross domestic product shrank 0.3 percent in January to March from the previous quarter according to preliminary National
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European stocks dipped early on Monday in choppy trade and halted a four-session rally, dragged down by brewing concerns over Spain's finances. At 0819 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,050.80 points, after making early gains. Losses were limited by gains in sectors seen as defensives. Pharma
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Whether it is melting glaciers, coastal erosion or drying lakes, a new app displays the impact of climate change on the planet by using before and after satellite images. Called Fragile Earth, the app for iPhone and iPad shows how our planet is impacted by global warming by featuring more than 70 sites such the
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An Australian billionaire announced plans on Monday to build an "unsinkable" version of the Titanic, 100 years after the original sank after hitting an iceberg. Titanic II is expected to make its maiden voyage from England to North America, the old Titanic route, in late 2016. "It is going to be designed so it won't
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Asian shares rose on Monday as weaker-than-expected U.S. growth data left open the possibility of further monetary stimulus from the Federal Reserve to boost growth, but trading was subdued with Japanese and Chinese markets closed. The dollar remained pressured by Friday's report showing annual growth in the U.S. economy cooled in the first quarter to
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Cyprus appointed a new central bank governor and representative to the European Central Bank on Saturday, choosing an academic who has questioned the ECB's emphasis on inflation in defining monetary policy and once suggested Germany should quit the euro. Panicos Demetriades, a professor of financial economics at the University of Leicester in Britain, will succeed
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