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Julia Mergenthaler

Julia Mergenthaler

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Will Greece be able to meet the criteria of the Stability and Growth Pact and reduce its annual budget deficit below 3% of GDP by 2012?

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	Europe Ukraine president tightens grip on power with new government Ukrainian president Viktor Yanukovych has formed a new coalition and appointed a cabinet with ally Mykola Azarov at its head. The events come a week after Yulia Tymoshenko was ousted from her post as Prime Minister. Europe Greece and Afghanistan set agenda for Merkel's Netherlands visit Afghanistan and Greece were on the agenda for Chancellor Angela Merkel's visit to the Netherlands. Merkel, who met Queen Beatrix and Prime Minister Jan Peter Balkenende, praised relations between Berlin and The Hague. Business Europe confronts US on derivative trading European leaders are pushing for a ban on speculative trading, which they believe has pushed up the borrowing costs of financially-troubled Greece. But without US support, experts say, the proposed ban could lack teeth.