After all-night negotiations the 17 members of the euro-zone agreed on three key measures to stabilise the crisis caused by the need to support the Greek, Irish and Portuguese economies and to prepare for any future difficulties of “southern” states. The agreement was initially welcomed but on closer inspection was thought to be lacking essential details on its implementation.

In Britain, the Conservative leader David Cameron won a vote against a proposal for a referendum on UK membership of the EU despite a rebellion by almost half of his party's parliamentary backbenchers.

The Swiss People's Party failed to obtain the expected support in a referendum on strengthening immigration policies; the Party remains the largest in the Swiss parliament.

A majority of News Corporation's independent shareholders voted against the presence on the company's board of Rupert Murdoch's son James, who is in charge of its British operations.

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