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Eurozone budget

Monday, 25 June 2018 9:47 AM [ Last Update: Monday, 25 June 2018 9:50 AM ]

These are the headlines we are tracking for you in this episode of On the News Line:

Eurozone budget

Last week, the leaders of Germany and France agreed to create a Eurozone budget aimed at boosting investment and providing a safety mechanism for the 19 nations using the euro currency. The announcement came ahead of a June 28 European Union summit and more than eight years after the currency bloc was plunged into a deep debt crisis that almost destroyed the euro.

US Gaza project

An Israeli media report says the US is planning to raise $1bn to help the Gaza Strip. The apparent goal is helping the people of Gaza who have been under Israel’s siege for a decade. The report says US President Donald trump wants Washington’s Arab allies to pay the money. On the face of it, this would be a humanitarian effort worthy of praise. But, the Palestinian Authority has accused the US of working with Israel to separate Gaza from the West Bank under the guise of “humanitarian aid’ and the final goal is destroying the Palestinian cause.

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