EU Leaders Agree On Bank Rescue Fund -- Voice of America
European leaders threw a critical financial lifeline to struggling Spain and Italy and agreed to a roadmap to restructure the euro currency union at a Brussels summit that continues through Friday.
After marathon overnight talks, the 27 European Union leaders agreed Friday on a series of short and longer term measures to shore up the struggling eurozone. As expected, they signed onto a growth and jobs package worth about $151 billion for the 17-nation area.
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MIDDLE EAST
Assad rejects external solution for Syria crisis.
Assad forces bombard northern towns, avoid Turkish border. Military funerals in Syria suggest mounting casualties.
Syria on agenda as Clinton, Lavrov meet in St. Petersburg.
Iraq's commitment to U.S. mission questioned in Congress. U.S.’s $51 billion Iraq projects at risk, inspector says.
EU oil embargo on Iran goes into effect Sunday.
National service proposal riles Israeli arabs.
ASIA
South Korea puts off Japan military pact at last minute.
China blocks Bloomberg for exposing financial affairs of Xi Jinping's family.
China's Shenzhou-9 spacecraft returns to Earth.
Democrats beat ruling party in Mongolian election.
India police kill '17 Maoists' in Chhattisgarh.
India floods: Many thousands flee homes in Assam.
15 years after China takeover, Hong Kong uneasy.
AFRICA
Back-to-back coups hand ECOWAS huge challenge.
Islamist militants stream into northern Mali town after victory.
Egyptians pack Tahrir on eve of Mursi inauguration.
Egypt's defence minister hangs defiantly on to power.
Amnesty International: Arms imports fuel S. Sudan violence.
Khartoum: Sudan austerity protesters 'tear-gassed'.
EUROPE
Breakthrough in Europe bank talks send Spain, Italy borrowing costs down. Merkel defends compromise deal on eurozone banks.
EU deal for Spain, Italy buoys markets but details sketchy.
Uzbekistan quits Russia-dominated security pact.
Eta members arrested in London.
Julian Assange remains at embassy after failing to report to police.
AMERICAS
President Obama signs Colorado disaster declaration.
Mercosur 'to suspend' Paraguay over Lugo impeachment.
Drug cartel rivals behead Zetas on camera.
Mexican drug cartels work to sway local vote.
Falklands responds to Argentine approaches on fishing and flights.
Russian arms dealer jailed in U.S. will appeal.
TERRORISM/THE LONG WAR
Pakistan Army facing greater threat from al-Qaeda: observers.
Yemen says al Qaeda militants may have fled to Oman.
London police arrest 2 terror suspects.
ECONOMY/FINANCE/BUSINESS
Barclays boss Bob Diamond says he will not resign.
Nestle 'failing' on child labour abuse, says FLA report.
Google gave us a week of product launches and impressive demos at I/O.
Boeing, Embraer teaming up on military plane.
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