Greece fails to form unity government

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• Greece fails to form unity government
• Little country threatens big impact
• Greek ship might set sail for other ports
• Spectre of default rises again in Congress
• Hollande and Merkel present common front
• Germany keeps eurozone from recession
• EU raid targets Somali pirates onshore
• Iran hangs nuclear scientist’s ‘killer’
• Syria opposition conference collapses
• South Sudan faces finance crunch

Greece fails to form unity government Posted: 15 May 2012 11:11 AM PDT Leaders of five of the country's political parties fail to agree on a technocratic government, adding to fears of a eurozone exit

Little country threatens big impact Posted: 15 May 2012 10:19 AM PDT While some see a Greek euro exit as a chance to heal a wound and push on with integration, as many fear Greece could be just the first domino to fall

Greek ship might set sail for other ports Posted: 15 May 2012 08:48 AM PDT Political and economic upheaval could drive the wider geopolitical realignment unfolding in the eastern Mediterranean

Spectre of default rises again in Congress Posted: 15 May 2012 08:53 AM PDT John Boehner, the House speaker, says Republicans will demand a new set of spending cuts in exchange for an increase in the US debt limit

Hollande and Merkel present common front Posted: 15 May 2012 01:22 PM PDT New French president was soaked during a street walkabout, then was forced to turn back to Paris to change aircraft after lightning hit his plane

Germany keeps eurozone from recession Posted: 15 May 2012 09:42 AM PDT Unexpectedly strong economy, with GDP expanding 0.5% in the first quarter, helps offset contraction in the region's south and stagnation in France

EU raid targets Somali pirates onshore Posted: 15 May 2012 10:18 AM PDT European Union Naval Force carries out its first raid against a pirate base in the Galmudug region, close to the stronghold of Haradhere

Iran hangs nuclear scientist’s ‘killer’ Posted: 15 May 2012 07:54 AM PDT Fashi reportedly confessed to being a Mossad-trained assassin who killed a physics professor with a remote-controlled bomb

Syria opposition conference collapses Posted: 15 May 2012 09:23 AM PDT Failure of the meeting highlights the breakdown of the Annan peace plan, as UN observers' convoy comes under attack near the city of Hama

South Sudan faces finance crunch Posted: 15 May 2012 08:28 AM PDT Country has not replaced revenues from oil production, which was halted amid dispute with Sudan, and a Chinese loan is smaller than announced

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