Cyprus seeks Russian rescue, EU threatens cutoff

By Michele Kambas and Lidia Kelly

NICOSIA/MOSCOW | Wed Mar 20, 2013 8:58am EDT

(Reuters) - Cyprus pleaded for a new loan from Russia on Wednesday to avert a financial meltdown, after the island's parliament rejected the terms of a bailout from the EU, raising the risk of default and a bank crash.

Cypriot Finance Minister Michael Sarris said he had not reached a deal at a first meeting with his Russian counterpart Anton Siluanov in Moscow, but talks there would continue.

Greece looks out to sea for gas wealth salvation

By Oleg Vukmanovic and Stephen Jewkes

LONDON/MILAN | Wed Oct 3, 2012 8:15am EDT

(Reuters) - Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.