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Cyprus will hold parliamentary elections on 22 May (Photo: European Commission)

This WEEK in the European Union

This week kicks off once again amid a sense of turmoil in the eurozone as the single currency's 17 finance ministers meet on Monday, with Greece and Portugal set to take centre-stage.

Greece, already the subject of an 110-billion EU-IMF bailout a year ago, is returning to the market's spotlight after it emerged that it will be unable to meet the terms of the rescue. A secret meeting - leaked to the press - earlier this month of a select group of finance minister to discuss Athens' dire ...

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Cyprus will hold parliamentary elections on 22 May (Photo: European Commission)

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