EU Leaders Reach A Deal To Tackle Debt Crisis -- USA Today
BERLIN – Banks agreed this morning to take half of what they are owed by Greece as part of a deal brokered by European leaders to solve the continent's debt crisis and prevent it from igniting a new global financial meltdown.
The strategy that emerged after 10 hours of negotiations focused on three key points:
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MIDDLE EAST
Clinton: US confused by 'power struggle' in Iran.
Jordan's King to give lawmakers a say in cabinet.
Egyptian prisoners leave Israel jail ahead of swap.
Turkey earthquake death toll passes 500. Turk quake survivors plead for tents as cold descends.
ASIA
Bangkok residents flee flooding in Thai capital. Bangkok floods: Thousands flee as waters approach.
North Korea bans citizens working in Libya from returning home.
China reins in liberalization of culture.
Japan considers building back-up capital in case of emergency.
AFRICA
Saif al-Islam Gaddafi 'trying to broker deal to surrender to ICC'.
Tunisia Islamist party seeking coalition partners.
Officials denied visas, Mugabe cancels U.N. trip.
Equatorial Guinea dictator's son 'splurged millions of impoverished country's money'.
Kenyan motives in Somalia predate recent abductions.
Relief groups fear for aid efforts in Somalia as military tension rises.
EUROPE
Barroso: Europe 'closer to resolving eurozone crisis'.
Euro zone strikes a deal with lots of promise but few details.
Berlusconi reform plan faces barbs, doubts in Italy.
Ireland presidential election: runners and riders.
AMERICAS
Economic posts 2.5% growth; Jobless claims hold steady. US economic growth up on spending.
Some U.S. cities begin cracking down on ‘occupy’ protests.
Mexican Presidential hopeful vows drugs war shift.
Brazil creates truth commission to probe rights abuses.
Colombian president calls for legalisation of marijuana.
Cancun area resorts empty as hurricane approaches.
Argentina jails 'Angel of Death'.
TERRORISM/THE LONG WAR
Indonesia cuts jail term of cleric Abu Bakar Ba'asyir .
Testimony set to begin in Mass. terror case.
Killing al-Qaeda’s middle managers may be key to its destruction.
ECONOMY/FINANCE/BUSINESS
Merkel: 50 pct haircut to cut Greek debt by 100 bln euros.
Sony buys Ericsson out of mobile phone venture.
'Rogue websites' bill introduced in US House.
Bernie Madoff 'can live with' fraud victims' anger, but not family's, he tells Barbara Walters exclusively.
Nightmare scenario: U.S. deflation risks rising.
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