Europe’s debt drama dominated talks among leaders of the Group of 20 leading economies in Cannes today with Greece’s government facing potential collapse.

The Vatican today denounced what it called aggressive attempts to drag Pope Benedict XVI into the spreading scandals of paedophile priests in his German homeland, and contended he had long confronted abuse cases with courage.

GIVEN the US has slashed its key interest rate five times since August 2007 to 3% from 5.25%, many people are puzzled by the failure of the ECB to follow suit.

THE eurozone economy is picking up momentum, the European Central Bank says, but strong oil prices could derail the recovery.