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Greek debt crisis: German MPs back bailout extension

Greek debt crisis: Eurozone leaders hopeful of deal

Eurozone leaders have broadly welcomed new proposals for Greek reforms amid hopes a deal can be struck within days to stop Greece defaulting on its debt.

German Chancellor Angela Merkel said Greece's latest offer constituted "some progress". But she said more work was needed and "time is short".

Greece must repay a €1.6bn (£1.1bn) International Monetary Fund (IMF) loan by the end of the month.

If it fails to do so, it risks crashing out of the euro and possibly the EU.

Greek debt crisis: German MPs back bailout extension

Damien McGuinness reports from Berlin: ''Both Athens and Berlin have compromised''

Greek bailout

chairman

hank you, Mr. Chairman, for your warm words of introduction. I am delighted to serve as the Chairperson of the Informal Working Group which will report to the OSCE’s Security Committee and was established pursuant to PC Decision 1039.

EU must focus on getting better results from its spending

In its annual report on the EU budget published today, the European Court of Auditors (ECA) warns that the budget system is too focused on just getting funds spent and needs to place more emphasis on achieving results. As independent auditor, the ECA signed off the 2013 accounts of the European Union, but stresses that the management of EU spending is not yet good enough overall - either at EU level or in the Member States.

 

Kremlin: Ukraine talks ‘full of misunderstandings and disagreements’

Putin, Poroshenko, German Chancellor Angela Merkel and UK Prime Minister David Cameron, who all attended the meeting, plan to hold their own talks later on Friday (October 17).

Simona Volta, euronews correspondent reported: “In Milan it’s another day of bilateral and multilateral talks. Putin and Poroshenko’s positions remain different. Perhaps another day with no solution to the crisis between Russia and Ukraine.”

José Manuel Barroso tweeted this image of him with Van Rompuy and Poroshenko before the meeting.

UN scheme to boost Syrian children’s education given $316m donation

More than $316m (£193m) was pledged on Wednesday to support Syrian children affected by the conflict as part of a UN-led initiative to alleviate the impact of the crisis on young people.

The EU pledged $145m, the US $90m and the UK $81.6m to the No Lost Generation initiative, which was launched last year by a consortium of UN agencies, NGOs and international donors.

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