Eurogroup chief cautious on early bailout exit scenario as political tensions rise

As discussions get under way between Greece and the International Monetary Fund about a potential early exit from the country’s bailout program, Eurogroup Chairman Jeroen Dijssebloem did not rule out the prospect on Monday but suggested that such a debate was premature.

Government in revival exercise

Having secured a fresh confidence vote, Prime Minister Antonis Samaras now faces the challenge of further bolstering the fragile coalition amid growing political tensions, with government officials expected to press creditors to approve a plan for Greece’s gradual disengagement from the memorandum.

Cypriots seek to set up Shariah finance hub

Financiers in Cyprus, an island divided by war four decades ago, want to set up an Islamic finance hub to spur an economy that hasn’t grown in three years.

The Cyprus Investment Funds Association is calling for the government to sell sukuk to lure investment from the Middle East, CIFSA’s president, Angelos Gregoriades, said in an e-mail interview from the capital Nicosia.

45% of Bulgarian Pensioners Still Working – Eurostat

Some 45% of Bulgarian pensioners continue to work, the European Union's statistics office Eurostat has claimed.

In 2012, the year for which latest EU labor market statistics were available, about 15% of all employed Bulgarian pensioners continued working mainly for financial reasons, while less than 10% did so mainly for non-financial reasons such as job satisfaction.