World Bulletin/News Desk
Around half of Germans are prepared to give up some national powers to Brussels in the pursuit of a common European Union financial policy, according to a poll by Emnid for the German magazine Focus.
Some 49 percent of the 1,000 Germans surveyed for the poll supported handing over more power to the EU, in line with the closer European fiscal and political union championed by Chancellor Angela Merkel. Some 44 percent were opposed.
Voters for the opposition Social Democrats (SPD), Greens and Left party were particularly willing to give up some national competences, according to the poll, while voters for the parties in the ruling coalition were more reluctant.
In particular, some 63 percent of supporters of the pro-business Free Democrats (FDP), junior coalition partners in Merkel's coalition, were against giving up any more power to Brussels, according to the poll conducted between July 4 and 5.
This underlines the difficulties Merkel faces in getting her plans for closer political union agreed in Berlin, where patience within her own fractious coalition with measures to stem the euro zone crisis is wearing thin.
Merkel has proposed much tighter fiscal and political ties between EU member states as an essential precondition for any mutualisation of debt - a key demand of struggling southern countries such as Italy.
Many voters in Germany, Europe's paymaster and its biggest economy, are fed up with shelling out billions of euros to prevent countries like Greece defaulting on their debts.
Some senior politicians, including Finance Minister Wolfgang Schaeuble, have said a referendum would be needed to give legitimacy to further political and fiscal union in Europe. This would be the first referendum in Germany since World War Two.
The alternative to debt mutualisation in order to overcome the crisis however is "a horror scenario", according to Germany's panel of economic advisers.
The so-called wise men on Friday published their latest report on how they believe Berlin should deal with the crisis, noting that while mutualisation of debt was risky, any other scenario was just as fraught.
The advisers noted that Germany had claims within the euro zone running up to 2.8 trillion euros, meaning a breakup of the common currency bloc would involve high risks for its largest economy, with many creditors unlikely be able to pay back their loans in full.
A euro zone breakup would probably result in a shock of the same scale as occurred after the collapse of Lehman Brothers in 2008, which led to a 5 percent contraction in the German economy.
In the long run, a re-introduction of a stronger Deutschemark would damage Germany's competitiveness on European and global markets, the wise men wrote in their report.
"It should not be overseen that German companies have benefited considerably in the past few year from the fact that they were producing in a currency bloc, whose currency was not seen as a typical 'strong currency' by markets," they added.
The wise men, whose advice the government does not have to follow, reiterated their call for a debt redemption fund.
Nasrallah was speaking at an event to commemorate the deaths of six Hezbollah fighters and an Iranian general killed by an Israeli air strike in Syria on Jan. 18.
ISIL also lost 102 military vehicles and 16 tanks.
Analysts say Pakistan army chief travelled to Beijing to show US it has other regional allies
South Sudanese leader has accused IGAD of "taking custody" of the country.
A vehicle carrying two U.S. citizens came under fire in the Eastern Province district of al-Ahsa, one of the main centres of Saudi Arabia's minority Shi'ites. It was not clear who shot at the vehicle.
Education minister warns against using textbooks that undermine communism
Ahtem Ciygoz was taken into custody on Thursday by the Russian Federal Investigative Committee.
Commander of Iran's elite revolutionary guard meets leader of Hezbollah
Six bodies were found washed ashore on Morocco's Boukana beach, close to a Spanish enclave that is a regular destination for migrants earlier on Friday.
Greece "absolutely against" Eldorado-run mine - energy minister and says that there will be "no way" government will privatise gas utility DEPA. To await EU decision before deciding future of gas grid operator (Adds comments on revoking law over PPC, details, context)
AU commissioner for peace and security Ismail Chergui said that the AU will approve deployment of 7,500 African Union troops to fight Boko Haram in Chad, Niger, Nigeria and Cameroon.
The student union leader was kidnapped from outside his home and taken to an unknown location.
French Muslims freedom is now being curbed in the name of combatting terrorism with the French government unveiling a new video to deter would be fighters with ISIL
Computer and cellphone buyers in Xianjiang region must register with police, with security camera footage to be kept for at least 30 days.
The perpetrators of the Srebrenica genocide have lost their appeals at UN's appeals chamber in The Hague which has confirmed life jail terms for Vujadin Popovic and Ljubisa Beara.
Three simultaneous bombings targeted military and security sites in the city of Aish.