The German lawmakers would not approve any aid to Cyprus unless the Mediterranean country conformed to EU rules on transparency and money laundering, Michael Fuchs, a deputy leader for Merkel's...
This year might signal the start of a gradual recovery of the euro area economy, Standard and Poor’s estimates. Although the report does not make specific reference to Cyprus, it raises...
Unemployment his a record high in November with the labour market conditions deteriorating more and more as the climate of uncertainty intensifies ahead of the final agreement with the troika. The...
Employment in Cyprus recorded one of the highest decline in EU27 in the third quarter of 2012. Specifically, the number of employees in the country declined by 3.2% compared with the third quarter...
With the political consensus demonstrated by the parties last week by voting the memorandum bills as a negotiating chip, Finance Minister, Vassos Shiarly will try to convince the euro area partners...
Deposit rates remain stable despite pressures on the banking sector and uncertainty in the economic environment. Instead of the easy solution to increase rates, the banks seem to resort to the...
Cyprus suffered the largest deterioration of economic climate in Europe in November – together with the Netherlands – amid the government’s deliberations with the Troika for the imposition of...
After difficult negotiations lasting 12 hours, the Finance Ministers of the eurozone ended up early this morning with a comprehensive agreement for Greece, which provides for the disbursement of the...
The ECB decided on Thursday to leave interest rates on hold to the historic low of 0.75%. The CB announcement is as follows: At today’s meeting the Governing Council of the ECB decided that the...
Inflation in the euro area fell in October 2012, according to Eurostat flash estimates. It dropped to 2.5% from 2.6% in September. The final Eurostat data for EU27 will be announced on...