Markets appear to be signalling that last week's deal between European Union governments to tackle the eurozone debt crisis isn't enough.
Investors fear the deal lacks substance and that some governments won't stick to the terms. Above all, they are concerned that the deal which creates a new fiscal framework doesn't address the current emergency. For that, they want somebody - probably the European Central Bank - to stump up unlimited funds to bail out the most indebted governments.
The German Chancellor Angela Merkel says she can't stress highly enough the significance of the course the eurozone countries have now decided to follow towards a fiscal union. She told the German parliament the process would take years and there'd be setbacks along the way, but the end result would be a stronger Europe. Mrs Merkel said she was sorry Britain refused to go along with the new plan, and she emphasised the importance of Britain in Europe.
Human rights activists say the Syrian army killed at least 17 people across the country on Wednesday, at least 10 of them in the central Hama region. For the second day in a row, Syrian army defectors also targeted soldiers in retaliation for the killing of civilians. Eight troops died when a military convoy was attacked on the outskirts of Hama.
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More than 50 people have died in the Indian state of West Bengal after drinking contaminated illegally brewed alcohol. Over 100 others are being treated at a hospital in Calcutta, many of them in a serious condition. The alcohol was sold in a small liquor shop in the village of Sangrampur, about 70km from Calcutta. Four people have been arrested. Infuriated residents attacked a number of liquor shops and breweries in the area.