Thursday,  May 24, 2012 • Vol. 12--No. 315 • 30 of 35 •  Other Editions

(Continued from page 29)

• Also left unresolved was what Europe should do to spark economic growth and restore the confidence of investors, who have driven some countries' borrowing costs to unsustainable levels. The fiscal austerity agenda that Germany has promoted as the solution to Europe's problem of too much government debt has been met with rising skepticism in other euro countries.
• The leaders of the 27 EU countries agreed to give institutions such as the European Investment Bank the task of drawing up proposals for growth in time for another summit in June. But there was discord over more aggressive actions promoted by some leaders heading into the summit, such as issuing bonds jointly as a way of reducing borrowing costs for heavily indebted nations among the 17 countries that use the euro.
• The perception that European leaders lack the political will to tackle the continent's financial and economic problems has left markets on edge for weeks. Recession is spreading. Banks are under pressure. The biggest fear is that if Greece cannot be saved, other larger economies -- like Spain or Portugal -- might face the same fate.
• The euro countries "have to consider all kinds of events," Luxembourg Prime Minister Jean-Claude Juncker told reporters after a European Union summit, but insisted that "the working assumption" was that Greece would remain part of the euro. Leaders gathered in Brussels recognized that Greece had endured significant hardships and promised to release development funds aimed at spurring growth.
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Beset by years of woes as they pick a new leader, Egyptians search for a superman

• CAIRO (AP) -- Egyptians say they want their next leader to be honorable, smart, a knight, a man with a heart, a military man, a religious man, one who goes down and meets with the people. What they are really looking for is a superman.
• Egypt's next president is facing an incredibly tall order of problems, from a tumbling economy and a beat-up security force to decrepit schools and hospitals that can't even provide enough incubators for premature babies.
• Turning out in large numbers to vote for the first time in free and competitive presidential elections, a deeply engaged population have a lot of expectations from the leader that will replace the longtime leader Hosni Mubarak, whom they ousted in a popular uprising last year.
• "We want a flawless president. We want him strong, just, respectable, clean,

(Continued on page 31)

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