Amid financial crisis, Cyprus convicts offer help

NICOSIA: With Cyprus' economy falling apart, even those behind prison bars are pulling together to help people in need.

Italy to pay 40 billion euros of state debt to companies

ROME (Reuters) - Italy's caretaker government said on Saturday it would pay 40 billion euros ($52 billion) that the state owes to private companies over the next 12 months, while vowing to stick within the European Union's deficit limit.

Euro zone crisis: German economy slows to 'near-stagnation,' PMI survey shows

BRUSSELS, Belgium — Germany, the largest economy in the euro zone, slowed to “near-stagnation” in March, according to data released Thursday that showed the euro-area recession had deepened.

Turkey says Cyprus crisis is chance to end division

VILNIUS (Reuters) - Turkish President Abdullah Gul said on Wednesday the financial crisis in Cyprus presented an "important opportunity" to end the division of the island, split between the Greek Cypriot south and Turkish north.

U.K. Banks Try to Dodge Bonus Caps by Defining Risk-Taker

U.K. lenders are preparing to lobby the European Union’s chief banking regulator to reduce the number of employees hit by rules capping bonuses, two people familiar with the talks said.