Cyprus further eases limits on money transfers

NICOSIA, Cyprus (AP) — Cyprus significantly eased restrictions on money transfers inside and outside the country Thursday to help businesses spur a deeply slumping economy.

Italy crisis close to an end but problems not over

ROME: Months of paralysing political deadlock seem close to an end in Italy with a new government possible by early next week, but there are many questions over how long the stability can last.

George Osborne set to expand Funding for Lending Scheme

George Osborne is expected to expand his flagship £80bn lending scheme on Wednesday in a bid to boost support for small businesses following criticism that most of the funds have been siphoned off by high street banks to cut homeowner's mortgage costs.

Angela Merkel says Germany not seeking 'hegemony' in EU

BERLIN: German Chancellor Angela Merkel on Monday rejected the idea that her country was seeking "hegemony" in the European Union, but insisted members needed to cede some national sovereignty for the greater good.

The IMF’s fiddling achieves nothing

Fresh from the calamity of the Cypriot bail-out, a fiasco that he personally oversaw, he was at it again at the International Monetary Fund’s spring meeting in Washington last week.