Cyprus' Kato Paphos sea claimed the life of a Russian tourist yesterday, who drowned in the dangerous region.

Today, Greek Deputy Development Minister Gerasimos Giakoumatos stated that the government is planning to regulate food and beverage costs at municipal and state-owned beaches, according to reports.

Following today's meeting with Cypriot President Nicos Anastasiades, Greek Prime Minister Antonis Samaras promised to support the island's government, regarding reunification discussions by both territories.

During a July 8th ECOFIN council session, Greek Finance Minister Gikas Hardouvelis voiced his concern, regarding scheduled ECB stress assessments on Hellenic banks.