The European Union's top economic official Olli Rehn was quoted on Friday as ruling out a debt restructuring for eurozone member Cyprus, currently in talks with the EU and the IMF on a financial rescue package.
"A haircut is not an option for us,» Rehn, the European Economic and Monetary Affairs Commissioner, told the German business daily Handelsblatt in an interview.
Ratings agency Moody's slashed Cyprus's credit rating three notches late on Thursday on an expected rise in the Mediterranean island's debt burden. Cyprus applied for a financial rescue last June after its banks suffered huge losses on the EU-approved writedown on Greece's debt.
IMF chief Christine Lagarde says a Paris court has named her as a key witness in an investigation into a controversial payoff to an outspoken businessman arranged while she was Frances finan...
Ex-Education Minister Anna Diamantopoulou became on Friday the latest member of the PASOK cabinet serving when Greece signed its bailout deal with the troika in May 2010 to make plans to cre...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
The dramatic appeal for a national mobilization in the face of a heightened threat of devastating forest fires this summer, which Public Order Minister Nikos Dendias voiced in Parliament on ...
The danger of wildfires breaking out across the country in the summer period is just as high this year just as it has been every other year before.
But, the tools and infrastructure availabl...
