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International creditors say country's finances improving but more needs to be cut in the future.
EU finance ministers agree to grant both euro countries seven more years to repay their bailout loans.
Central bank warns of $7.5bn EU funding shortfall after proposal to scrap tax on savings of less than than 20,000 euros.
In return for rescue funds, Cyprus asked to trim deficit, shrink banking sector, raise taxes and privatise state assets.
Banking and insurance group SNS Reaal fully taken over by the government at cost of $5bn, finance minister announces.
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Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
 
 
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