Cyprus to ease citizenship requirements, attacks EU 'hypocrisy'

NICOSIA: Cyprus will relax requirements for citizenship, including for bank depositors who lost large amounts of money in the deal with the EU and IMF, in an effort to keep foreigners interested in investing in the island state, the president said on Sunday.

Spain to rescue its indebted regions with 15 billion euros

DUBLIN: The Spanish government is putting finishing touches to a new bailout plan for its highly indebted regions to settle 15 billion euros ($19.7 billion) of unpaid bills to suppliers, Spanish Economy Minister Luis de Guindos said on Saturday.

The Euro Zone Crisis Is Back - on Multiple Fronts

Europe's finance ministers meeting in Dublin on Friday are facing a renewed crisis on multiple fronts,with a backlash against austerity acting as a gloomy backdrop for negotiations over bailout extensions for Portugal and Ireland, while tackling Cyprus's botched bailout and growing worries about Slovenia.

Italy debt to reach peak of 130.4% in 2013: government

MILAN: Italy's public debt level will reach a peak of 130.4 per cent of gross domestic product ( GDP) this year, according to a long-term budget programme issued on Wednesday that forecasts growth will pick up and debt go down starting from next year.

Spain rating risk driven by deficit, says Moody's

MADRID: The likelihood that Spain will miss its public deficit target this year leaves its sovereign rating at risk of slipping below investment grade, credit agency Moody's said on Tuesday.