Brussels
Overhaul of Cyprus banks on cards as meltdown looms
Mar 21, 2013 14:24 EDT
Cyprus Thursday was examining an overhaul of its banking sector to avoid financial meltdown after the European Central Bank threatened to pull the plug on emergency funding for the island's banks.
Cyprus brinksmanship could spin out of control: analysts
Mar 21, 2013 13:41 EDT
As the EU raised the spectre of a eurozone exit for Cyprus, experts warned on Thursday of the consequences of brinksmanship from Brussels to Moscow in the race to fix new bailout terms.
Cyprus banks face meltdown as ECB ready to pull plug
Mar 21, 2013 10:42 EDT
The European Central Bank warned Thursday it was ready to pull the plug on emergency funding for Cyprus banks as the island's politicians scrambled to raise billions of euros to head off financial meltdown.
Cyprus weighs new bailout plan as meltdown looms
Mar 21, 2013 07:00 EDT
Cyprus was on Thursday fine-tuning a "Plan B" aimed at securing a eurozone bailout that the European Central Bank warned should be adopted by the weekend to avoid a banking meltdown on the debt-hit island.
Kosovo-Serbia solution close, says EU's Ashton
Mar 20, 2013 20:56 EDT
A deal to normalise ties between Serbia and Kosovo is close and could be sealed next month, the European Union foreign policy chief Catherine Ashton said, following high-level talks in Brussels.
Cyprus scrambles to find cash after MPs snub bailout
Mar 20, 2013 08:55 EDT
Debt-hit Cyprus was scrambling Wednesday to secure funding for its banks after lawmakers rejected the terms of an EU bailout deal, soliciting Russia, the church and state institutions for cash.
Palestinians want Obama to end 'passivity' on peace
Mar 20, 2013 03:39 EDT
Palestinians want President Barack Obama's milestone visit this week to lead to a more active US approach to resolving the conflict with Israel, before the West Bank is overrun by Jewish settlements and it is too late for a two-state solution.
Afghan government says NATO war 'aimless, unwise'
Mar 19, 2013 16:17 EDT
Afghanistan's presidential spokesman on Tuesday described the NATO-led military operation in the war-torn nation as "aimless and unwise", in the latest broadside by Kabul against the international coalition.
EU plans new bid to protect bees
Mar 19, 2013 10:00 EDT
The European Commission said Tuesday it will try again to get member states to back a two-year ban on insecticides harmful to bees whose numbers have been in sharp and worrying decline.
Cyprus minister 'seeks' extension to Russian loan
Mar 19, 2013 09:51 EDT
Cyprus Finance Minister Michalis Sarris was headed to Moscow Tuesday to seek an extension to an existing Russian loan, a top official said, as the debt-hit island battles to stave off bankruptcy.
UBS poised to quit scandal-hit Euribor panel
Mar 19, 2013 07:34 EDT
Swiss financial giant UBS said Tuesday it was poised to quit the panel which sets the Euribor benchmark rate for lending in euros between banks, becoming the latest player to leave.
Cyprus finance minister off to Russia for loan talks
Mar 19, 2013 06:28 EDT
Cyprus Finance Minister Michalis Sarris was heading to Moscow on Tuesday amid an explosion of anger in Russia at a EU bailout deal for the island that could see Russian investors lose billions of euros.
Italy says India violating immunity law in envoy row
Mar 18, 2013 23:19 EDT
Italy has accused India of violating laws on diplomatic immunity by preventing its ambassador from leaving the country, in an escalating row over two marines who skipped bail while on trial for murder in New Delhi.
Palestinians call for fiscal aid, warn against 'collapse'
Mar 18, 2013 19:57 EDT
The Palestinian Authority has urged the world to step up financial aid and press Israel to allow economic development, over fears of "political collapse" due to Israeli fiscal strangulation.
Italian envoy to India 'has no immunity': court
Mar 18, 2013 16:45 EDT
India's top judge said Monday that Italy's ambassador had forfeited his diplomatic immunity over his role in securing the release of two marines who skipped bail while on trial for murder in New Delhi.
Europeans insist bank levy was Cyprus's decision
Mar 18, 2013 12:32 EDT
Europe's two top economies on Monday insisted that it was Cyprus's proposal to slap a levy on all Cypriot bank savings under an EU bailout deal and appeared to suggest it review the contested plan.
Cyprus MPs delay bailout vote amid market turmoil
Mar 18, 2013 11:58 EDT
Cyprus's parliament has postponed until Tuesday a session to vote on a EU bailout deal that slaps a levy on all Cypriot bank savings, as negotiators scrambled to soften the blow for small deposit holders.
Cyprus MPs in crisis session on 10 bn euros bailout
Mar 18, 2013 06:18 EDT
Cyprus President Nico Anastasiades was Monday seeking the backing of MPs for an EU bailout deal that slaps a levy on bank savings under harsh terms that have jolted global markets and raised fears of a new eurozone debt crisis.
Tribunal calls on ICC to probe Israeli 'crimes' in Palestine
Mar 17, 2013 17:11 EDT
The Russell Tribunal on Palestine (RToP) called Sunday for the International Criminal Court to investigate "crimes" committed by Israel in the territories as it wrapped up four years of investigation.
Cypriots say betrayed by EU bailout
Mar 17, 2013 15:26 EDT
"How do I feel about the bailout? I will tell you from the heart. We are facing an economic war," said Mano, a souvenir shop owner in Cyprus which is facing crippling EU bailout terms.
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