What Greece needs

July 01, 2015 - Daily News Briefing

Behind the high-stakes crisis this week over the terms of Greece's debt payments is a common interest: a more productive Greek economy.

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Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund. With its failure to repay the roughly 1.6 billion euros ($1.8 billion) to the IMF, Greece became the first developed country to fall into arrears on payments to the fund. The last country to do so was Zimbabwe in 2001. After Greece made a last-ditch effort to extend its bailout, eurozone finance ministers decided in a teleconference late Tuesday that there was no way they could reach a deal before the deadline.

An Indonesian air force transport plane plowed into a residential neighborhood in the country's third-largest city of Medan shortly after takeoff on Tuesday, killing dozens of people. Television footage showed the wreckage of the downed C-130 Hercules, a crumpled burning car and a shattered building that local media said contained a spa and homes. Smoke billowed from the site and several thousand people milled nearby.

President Obama will announce Wednesday that the US and Cuba have reached an agreement to open embassies in Havana and Washington, a senior administration official said. The announcement marks a major step in ending hostilities between the longtime foes. The US and Cuba have been negotiating the reestablishment of embassies following the Dec. 17 announcement that they would move to restore ties.

Police antagonized crowds who gathered to protest in Ferguson after Michael Brown's death last summer, violated free-speech rights and made it difficult to hold officers accountable, according to a Justice Department report that found across-the-board flaws in law enforcement's response. The report summary, which covers the two-week period of unrest that followed a white officer fatally shooting the unarmed black 18-year-old in August, also faulted officers for inappropriately using tear gas, withholding information that should have been made public and relying on military-style equipment "that produced a negative reaction" in the community.

The superintendent at the prison where two killers broke out has been placed on leave along with his security chief and 10 other staff members amid an internal investigation into how the inmates pulled it off, a state official said Tuesday. The 12-member group is in addition to the guard and the prison tailor shop instructor who have been arrested on charges they helped the escapees. Officials would not say what connection, if any, the 12 had to the June 6 escape from the maximum-security prison or the failure to prevent it.

The student who massacred tourists in a Tunisian seaside resort trained in a jihadi camp in Libya at the same time as the two men who attacked a leading museum in March, a top security official said Tuesday, enforcing the notion of a link between the two assaults and raising fears of more attacks from an underground world clawing at this North African nation's budding democracy. Investigators were searching nationwide for accomplices in the attack that killed 38 tourists and questioning a handful recently detained.

“The object of the Monitor is to injure no man, but to bless all mankind.” – Mary Baker Eddy

The Daily News Briefing is published Monday through Friday by The Christian Science Publishing Society in Boston, Massachusetts.

To send a comment to the Editor, email editor@csmonitor.com.

“The object of the Monitor is to injure no man, but to bless all mankind.” – Mary Baker Eddy

The Daily News Briefing is published Monday through Friday by The Christian Science Publishing Society in Boston, Massachusetts.

To send a comment to the Editor, email editor@csmonitor.com.

Subscribe Now to read this post!

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