Cyprus receives EU-IMF bailout funds

Cyprus has received the first instalment of a 10bn-euro bailout package from international creditors, which was agreed earlier this year.

Spain, Portugal meet to find ways to help economy

MADRID (AP) — Spain and Portugal's premiers are meeting to discuss the economic turmoil plaguing their countries and the measures the European Union should take to ease the crisis.

Emerging economies suffering eurozone fallout, EBRD warns

The damage being inflicted on some emerging economies by the continuing eurozone crisis was highlighted on Friday by new figures from the European Bank for Reconstruction and Development.

Italian official industrial output shrinks in March

MILAN: Italy's industrial production shrank by 0.8 percentage points in March from the level in February in a far worse result than expected, according to official data released on Friday.

Cyprus considered exiting the euro zone in March

Cyprus seriously considered dropping out of the euro zone at the peak of its financial crisis in March as it faced a standoff over the terms of an international bailout, Cyprus Foreign Minister Ioannis Kasoulides said in an interview in Washington on Thursday.