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.
Defence Minister Sergei Shoigu said "We are forced to react to such a development of the situation."
“Today we commemorate the Meds Yeghern and honor those who perished in one of the worst atrocities of the 20th century” Obama said.
Israeli media reports said that Israel would impose economic sanctions on the Palestinian Authority, which exercises limited self-rule in the Israeli-occupied West Bank.
Lieberman, who has helped to mastermind Prime Minister Benjamin Netanyahu's policy of closer relations with Russia, made no apology for the government's fence-sitting on Ukraine
Mariupol, an industrial port city of nearly half a million people, is one of a series of flashpoints across eastern Ukraine
Wade's impending return has heightened tensions in one of Africa's most stable democracy
Women and children are among the group, some of whom suffer from poor health.
EU leaders consider the takeover as illegal and have asked the EU executive arm, the European Commission, to propose economic, trade and financial restrictions on Crimea for rapid implementation.
The Greens criticised the scale of Germany's defence equipment sales to Russia and urged Berlin to push for a European-wide embargo on arms sales to the country.
Preliminary results based on 82.6 percent of the vote from the 34 provinces showed Abdullah in the lead with 43.8 percent, followed by Ghani with 32.9 percent
The Asian Development Bank said around 733 million people in Asia-Pacific live on US$1.25 a day - the extreme poverty threshold.
Costa Rica condemned an alleged US campaign against Cuba communist regime being conducted from San Jose.
Sanogo charged to a more serious charge of conspiracy to murder which carries the death penalty in the West African nation
The violence in the central African state, the size of France, has mainly pitted Kiir's Dinka people against Machar's Nuer. Thousands have been killed and more than one million people uprooted from their homes.
It was not the first time a tourist with such a tattoo has run into trouble in Sri Lanka. In 2013, authorities denied entry to a British man for his tattoo of Buddha.
Several of Washington's key European allies support an investigation into the latest claims of chlorine gas use