A United Nations envoy has urged the rival sides on the divided island of Cyprus to seize an opportunity for peace, warning it could be years before such a chance arose again.
The division of Cyprus is now in its 43rd year. Next week may mark the decisive moment when the small eastern Mediterranean island nation starts to be stitched back together again.
Juncker faces renewed claims that he impeded EU moves against corporate tax avoidance when Luxembourg's prime minister, casting a shadow over his political future as a tussle over the bloc's top jobs looms.
Cyprus' biggest bank said Thursday it has fully repaid 11.4 billion euros of emergency cash it received from its eurozone partners to stay afloat during the 2013 banking crisis.
Israel, Cyprus and Greece have signed a memorandum to build a pipeline tapping natural gas recently discovered by Israel in the Mediterranean Sea to Europe.
Cyprus' president said that he's ready to pick up where talks aimed at reunifying the ethnically divided island left off earlier this week after hitting an impasse and throwing the 18-month old peace process into question.
EU finance ministers heard positive reports on Greece's moves towards economic stability and the recovery of the Cypriot economy.
The EU Commission Vice President Valdis Dombrovskis said the EU is ready to assist in the 'context of its competencies'.