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.
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.
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.
Mar 21, 2013 05:19 EDT
Eurogroup head Jeroen Dijsselbloem said Thursday that the Cyprus debt crisis poses a "systemic risk" that threatens to ricochet right through the eurozone.
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.
Mar 19, 2013 17:11 EDT
Irish low-cost airline Ryanair on Tuesday announced an order for 175 Boeing 737-800 airplanes in a major fleet expansion three weeks after the EU blocked its takeover of rival Aer Lingus.
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.
Mar 19, 2013 06:15 EDT
A revised Cyprus bailout plan drops a controversial tax on bank savings below 20,000 euros but retains the levy at 6.75 percent on deposits of 20,000-100,000 euros and 9.9 percent above 100,000, according to an amended tax bill seen Tuesday by AFP.
Mar 19, 2013 02:02 EDT
The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.
Mar 18, 2013 19:11 EDT
The eurozone told Cyprus on Monday to ditch the part of a hugely controversial 5.8-billion-euro grab on savings that stung even the smallest of account holders in exchange for a 10-billion-euro sovereign bailout deal, according to a statement issued after a conference call.
Mar 18, 2013 11:01 EDT
Pope Francis received compatriot President Cristina Kirchner of Argentina in the Vatican on Monday in his first meeting with a head of state as world leaders arrived in Rome ahead of his inauguration mass.
Mar 18, 2013 05:33 EDT
World leaders arrived in Rome ahead of an inauguration mass for Pope Francis who receives compatriot President Cristina Kirchner of Argentina on Monday in his first meeting with a head of state.
Mar 15, 2013 15:13 EDT
"Fighting cancer is a daily battle," says Camelia Dima, whose daughter suffers from a malignant tumour. But in Romania, long waiting lists and a shortage of drugs make the fight even harder.
Mar 15, 2013 10:02 EDT
Spain's public debt hit a new record of 84.1 percent of gross domestic product (GDP) at the end of 2012, owing to increases both at the federal level and that of the country's 17 autonomous regions, official data released on Friday showed.
Mar 14, 2013 06:58 EDT
After nine months of stop-start negotiations, cash-strapped Cyprus is on the verge of securing an EU bailout but analysts say it will come at a hefty price.
Mar 14, 2013 00:13 EDT
World leaders and Catholics hailed the election of Jorge Bergoglio from Argentina as the first Latin American pope, urging him to work for religious reconciliation and peace.
Mar 13, 2013 15:10 EDT
European lawmakers on Wednesday approved plans for a radical overhaul of the EU's Common Agricultural Policy (CAP) by capping subsidies and tying them to environmental concerns.
Mar 13, 2013 12:25 EDT
Passengers left stranded in airports by delays and cancellations are set to win new rights to food, water, compensation and fresh flights under a package of measures unveiled by the European Commission on Wednesday.
Mar 12, 2013 09:10 EDT
EU member states must make sure all bills are paid promptly as part of efforts to help struggling small- and medium-sized companies, the backbone of the economy, the European Commission said Tuesday.
Mar 12, 2013 08:56 EDT
French President Francois Hollande publicly renounced on Tuesday his government's goal of cutting the public deficit to the EU limit of three percent of output this year, saying that it would probably amount to 3.7 percent.