Germany and France are calling for the rapid introduction of an EU-wide ban on the short selling of some shares and government debt.
German Chancellor Angela Merkel and French President Nicolas Sarkozy co-signed a letter urging the European Commission to bring forward proposals for tougher rules on financial speculation, including a ban on naked short selling, from October to July this year, Money Marketing says.
The joint letter to the EC was interpreted as an attempt by Germany and France to show that the two biggest powers in the eurozone are united.
It followed the last-minute cancellation on Monday of a meeting between the two leaders, where they had been expected to co-ordinate their position ahead of an EU summit in June 17 which will focus on the euro-zone crisis, Telegraph reports.
Russia may terminate all kinds of military and military-technical relations with Israel, including the agreement on the exchange of reconnaissance data
The Ilyushin 20 (Il-20) military electronic reconnaissance aircraft of the Russian Air Force with 14 servicemen on board that went off radar screens off the coast of Syria was shot down by Syrian air defense systems over the Mediterranean Sea