BRUSSELS – The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc’s top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the eurozone’s debt crisis.
EU finance ministers forged a deal on the single supervisor in the early hours of Thursday after marathon talks. Leaders will give their stamp of approval at a summit starting later in the day, their last of 2012, and also discuss closer fiscal ties for their troubled currency area.
The Inflection Point submits:
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RAMALLAH, West Bank — U.S. President Barack Obama is meeting Palestinian officials on the second day of his Mideast tour to emphasize the importance of reaching an Israeli-Palestinian peace deal, a message underscored Thursday when Palestinian militants in Gaza launched rockets into southern Israel.
Nobody in Israel or the West Bank doubts U.S. Secretary of State John Kerry’s commitment to restarting negotiations between Israelis and Palestinians. The question thought, after Kerry announced that officials from both sides will meet in Washington within the next two weeks, is whether the Israeli and Palestinian publics, and their leaders, want it as much as Kerry does.
OTTAWA — Foreign Affairs Minister John Baird has told a powerful pro-Israel lobby that Palestinians will feel “consequences” from Canada if they pursue the Jewish state at the International Criminal Court.
Baird issued the warning just as the federal government considers whether to end hundreds of millions of dollars in Canadian humanitarian aid to the Palestinians when it expires at the end of this month.
Baird delivered his message to an approving audience Sunday in Washington at the annual conference of the American Israel Public Affairs Committee.
JERUSALEM — A pair of testy public exchanges this week appear to have undone whatever good will was created between the Israeli and U.S. governments during a high-profile visit by President Barack Obama early this year.