Greek Cypriot administration of southern Cyprus agreed with the EU and the IMF on the new bailout package on early Monday. Following a 10-hour-long meeting in Brussels with head of the EU Council Herman Van Rompuy, head of the EU Commission

Turkey has reacted strongly against a possible Greek Cypriot plan to use oil and gas exploration rights around the eastern Mediterranean island as collateral for an international bailout package it desperately needs to protect its economy from going bankrupt.

Macedonia, an EU candidacy country since 2005, has boosted its chance of accession after a peaceful election. The interior minister Gordan Jankuloska said, “We’ve probably had the best and cleanest elections so far.