Economic forecaster Diloo access economist says the Treasure needs to find near 6 billion dollars in saving to return the budget to surplus.  Wyane Swan says the budget surplus will allow the Reserve Bank to cut interest rate again.

 

France's president Leg Francisco Alang says he will push ahead with his vow to refocus Europe's economic policy from austerity to growth. Mr. Alang won 52 per cent of the presidential vote, vowing to transforming* to handling over the economic crisis.

 

The head of Greece’s Sarris Party says he wants to form a lift-wing government, rejecting the terms of the EU bailout package. Expoll is Greece showed the ruling coalition has suffered huge losses, and Nil Nangco Party has won about 60 per cent of the vote.

 

Fairwork Australia will review more about its funding as its investigation into the house service unions today. Fairwork sends the results of three year inquiry to the director of public prosecutions. The DPP now has handed the documents to the Victoria and New South Wales police.

 

A new video has emerged from Philippines showing Sydney man Warei Wao pleading for the payment of ransom to save his life. Mr. Wowo was abducted by gunmen in Midimo more than four months ago. The government says it has no supposed.