EUROPEAN UNION

German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe's rescue funds but agreed with leaders of France, Italy and Spain on a ?130 billion ($156 billion) package to revive growth.

Wrapping up some fairly important Canadian data this week, CPI numbers were released earlier this morning and showed that inflationary pressures are easing somewhat, continuing to stay of the south side of the Bank of Canada's target.

Russia also has a vested interest in maintaining its decades-old relationship with Syria, which is in large part built on weapons and defense contracts.

Iran said a massive cyberattack has been detected on its nuclear facilities and that it believes U.S., Israel and Great Britain are behind it.

Greek officials will present the proposed revisions at a euro zone finance ministers' meeting in Luxembourg on Thursday.

The U.S. State Department has released a new report on human trafficking around the world and estimates that about 21 million people are directly victimized by the criminal practice.

The United Nations Summit on Sustainable Development in Rio de Janeiro, a two-day meeting of more than 115 political leaders from around the world, is turning out to be a major bust.

The formation of a new Greek government Wednesday staves off fears of a swift departure from the euro zone by the Hellenic Republic. But this week's election and installation of a new administration merely extends the country's economic death-spiral as its economic woes remain deep and pervasive.

After weeks of uncertainty, a Greek government has emerged following talks between Greece's center-right New Democracy party, which won Sunday's parliamentary elections, and the smaller leftist parties that lost seats.

Brazil, India, China and the other countries that paid into the latest European bailout fund aren't doing it for charity. Here's what they stand to gain from saving their former colonial masters.

On the second and final day of negotiations in Moscow, diplomats said there was still no agreement between six world powers -- U.S., Russia, China, Germany, France and Britain -- and Iran over Tehran's alleged nuclear weapons program.

Stock markets in China and Hong Kong declined Tuesday as renewed concerns over Spain's financial woes offset optimism over the Greek election results.

Asian shares slipped on Tuesday as a post-Greek election relief rally quickly ran out of steam, with rising Spanish and Italian bond yields signaling that European leaders still have much to do to contain the euro zone debt crisis.

The Russian cargo ship MV Alaed, which is allegedly en route to Syria with helicopters and other munitions, may have to change course now that British marine insurance company has withdrawn its coverage.

Greece's conservatives are close to forming a coalition government following their narrow election victory, a party official said Monday.

With Sunday's Greek election result doing little to ease long-term fears that the country still faces a messy exit from the euro, the G-20 delegates are left speculating how to tackle a spiraling crisis with no clear end in sight.

?The new government in Greece must fulfill their commitments quickly,? says German Chancellor Angela Merkel.

Papandreou believes that given enough time, the Greeks would be able to adhere to bailout terms.

With French President Francois Hollande's Socialist Party appearing likely to cement its hold on the country's government in elections on Sunday, the Journal du Dimanche has reported that France wants the European Union to agree on growth-boosting measures worth ?120 billion ($151 billion) this year.

Ahead of what is likely to be a week full of drama, stomach-churning market action, and violence in the streets of Athens, a German documentary is making the rounds online outlining the severe socioeconomic dysfunction that led Greece to its current state of affairs.

Markets are fretting over the outcome of Sunday's Greek vote -- with the anti-bailout Syriza party polling neck and neck with rival New Democracy -- and policymakers seem spellbound by the prospect of a breakup of the euro zone.