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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.

EU migrant quota plans hit rough water

European Union plans to cope with the vast numbers of migrants risking their lives crossing the Mediterranean to get to Europe appear close to collapse.

A quota system to be imposed on member states stipulating how many refugees each country should accept is rapidly losing support with France now joining the “No” camp.

French President François Hollande made his comments while visiting Germany:

Resolving Europe’s Bank-Resolution Problems

The creation of a European banking union is a major step forward in the region’s financial integration. The first step in this process, single supervision, became a reality earlier this month when the European Central Bank took the helm of the Single Supervisory Mechanism. The next step, the Single Resolution Mechanism (SRM), is an effort to solve the problems of too-big- and too-interconnected-to-fail and cross-border crisis management in the eurozone.

China Is at a Critical Tipping Point

Asia Pacific
Nouriel Roubini: China Is at a Critical Tipping Point
China's growth model is not sustainable but many of the
necessary reforms are on hold. "President Xi first wants to
consolidate his power, before tackling them," says economist
Nouriel Roubini. Watch our exclusive video interview to find out
more.
China's growth has been slowing down. Why do you think this slowdown will continue?
Nouriel Roubini: Even the Chinese authorities realize that their growth model, which contains

Moldova pro-EU parties take narrow lead in elections

A round of intensive political horse-trading is on the cards following Moldova’s parliamentary elections.

No party appears able to form a government although, after a partial count, the three pro-EU parties do have a narrow lead over their pro-Moscow rivals.

With nearly 80% of votes counted, the three pro-EU parties had around 44% while the opposition had around 40%.

The subsequent inevitable tough bargaining will be watched closely by Russia.

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.

Enhanced services

Enhanced services

The principle behind the proposed law is that all internet traffic should be treated equally regardless of its source.

MEPs feared that unless new rules were put in place, internet providers might threaten to slow down traffic from data intensive services - such as video-on-demand and cloud storage - unless the firms behind them paid a fee.

France, Germany and Italy unite over job creation plan

The leaders of France, Germany and Italy have pledged to commit some 6.4 billion euros towards tackling youthunemployment.

Spain: 3 more people with Ebola-like symptoms hospitalised

Three more people showing Ebola-like symptoms have been hospitalised in Madrid, bringing the total to six. One of those six is Teresa Romero, the Spanish nurse who was infected with Ebola.

More than 50 other people are being monitored by Spanish authorities, as anger spreads about how Romero was able to contract the virus.

The nurse told a local broadcaster on Wednesday that she was starting to feel better.

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