Eurogroup gives the green light to Greek and Cypriot bailouts

Eurozone finance ministers, who met on Monday in Brussels, approved the release of the next installment of the Greek bailout. Cyprus was granted the first tranche of its bailout by the Board of Directors of the European Stability Mechanism.
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Italy Consumer Price Index (YoY) grows 1.4% in Apr and (MoM) increases 0.4%

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