The Greek parliament approved Thursday a law on a historic 107-billion-euro debt writedown with private creditors, a key element in a new eurozone bailout designed to avoid default.

GREEK MPs are debating emergency legislation to approve a massive bond swap that would shave €107bn off the country’s privately held debt. Parliament will vote on the proposed deal, which has already been approved at committee level. The governing coalition controls a strong enough majority to pass the law. The …

German Foreign Minister Guido Westerwelle will visit Belgrade on Thursday and meet with senior Serbian officials. Westerwelle will discuss the forthcoming decision of the European Council concerning Serbia’s EU membership candidate status and the dialog between Belgrade and Priština. Westerwelle will visit Belgrade on Thursday, where he will meet with …