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European Union leaders are preparing for a key summit in Brussels where they’ll try to find a way to save the debt-wracked euro. The leaders of France and Germany have made dramatic appeals for support in their bid to fix the EU's debt crisis. The French President Nicolas Sarkozy is warning that the risk of disintegration1 in Europe has never been greater.
The Communications Minister Stephen Conroy has dismissed a report that's found the National Broadband Network could be anti-competitive. The Productivity Commission is warning that the company could be in breach2 of the principle of competitive neutrality. That's because non-commercial benefits that may be generated by the NBN are still to be determined3.
All big four banks have finally relented and promised to pass on the Reserve Bank's interest rate cut in full. Westpac and the Commonwealth4 Bank have joined the ANZ and NAB in making the quarter of percentage point cut. Customers won't benefit though until later this month.
Fugitive5 Malcolm Naden is still on the run in New South Wales. Police have been hunting the 38-year-old murder suspect, who's also thought to have shot a police officer in bushland near Tamworth.
And the former governor-general Sir Zelman Cowen has died at the age of 92 in Melbourne. He was appointed to the post of governor-general by Malcolm Fraser in 1977. Sir Zelman is remembered for restoring faith in the office in the wake of Sir John Kerr's dismissal of the Whitlam government.
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1 disintegration | |
n.分散,解体 | |
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2 breach | |
n.违反,不履行;破裂;vt.冲破,攻破 | |
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3 determined | |
adj.坚定的;有决心的 | |
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4 commonwealth | |
n.共和国,联邦,共同体 | |
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5 fugitive | |
adj.逃亡的,易逝的;n.逃犯,逃亡者 | |
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