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.