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Israel‘s intention to construct 300 new housing units in the West Bank, including East Jerusalem, was condemned by the EU on Sunday. “The European Union has repeatedly stated that all settlement construction is illegal under international law and constitutes an obstacle to peace,“ said EU foreign policy chief Catherine Ashton. (EUOBSERVER.COM)

 

Greece has launched a programme to buy back some of its debt, which is a condition of it receiving the next tranche of its bailout loans.The government will offer to buy back 10bn euros of its bonds from private investors for between 32% and 40% of their face value. (BBC.CO.UK)

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