Minister of State for Finance Michael Halkitis has said in a ZNS news report that he believes that there is light at the end of the tunnel for the economy and that the government's mid-year budget will seek to improve the country's current financial situation.

Finishing the Volvo Ocean Race 2011-12 was not enough for some members of the old Telefónica crew: Friday they were celebrating as the MAPFRE challenge set a new record on the Christopher Columbus 'Discovery of the Americas' Route from Spain to the Bahamas.