European Council Conclusions about Greece

As regards Greece, the European Council recognises the considerable progress achieved over the last year, particularly in the area of fiscal consolidation. It welcomes the Greek government’s continued strong commitment to implement the adjustment programme. The European Council calls on the national authorities to continue implementing with resolve the necessary adjustment efforts to put the…

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Property sales in Cyprus fell an annual 16 percent

Property sales in Cyprus fell an annual 16 percent to 2,741 in the first four months of the year after they rose 5 percent in 2010, the Department of Lands and Surveys said. “Demand for property suffers from a high unemployment rate and a lack of liquidity at banks, which result in higher interest rates…

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