AMERICA'S Federal Reserve, the European Central Bank and the central banks of Britain, Canada and Switzerland launched a co-ordinated effort to bolster liquidity in world markets after months of turmoil.

The United Nations Conference on Climate Change in Bali narrowly avoided a breakdown when the United States reversed its hard-line positions on several issues and agreed to join a consensus on the framework for future negotiations.

In Lisbon European leaders formally signed the EU Reform Treaty which has to be ratified by all 27 member states. Britain's premier Gordon Brown was criticised for arriving late and signing the Treaty separately.

The first EU/African Union meeting for seven years achieved little of substance; President Mugabe of Zimbabwe was openly criticised for his policies by four EU leaders.

Bulletin Headlines of the Week
SUNDAY/MONDAY: Wind Horror (Strong winds across the island particularly affected the Andratx and Calvia areas).
TUESDAY: Youth Stabbed To Death in Majorca (A 16-year-old West African immigrant was stabbed to death in Palma).
WEDNESDAY: Teenagers In Custody Over Stabbing (Police were concerned that gang warfare was behind the fatal stabbing). THURSDAY: Palma's New Tram Service (After a 50 year absence, Palma to be linked with the Playa de Palma).
FRIDAY: Calls For Action on “Palma Gangs” (Politicians and others called for action on violence involving rival gangs in Palma.)
SATURDAY: 35 Million Britons Travel To Spain (The total was for 2006 and thought likely to be exceeded in 2007).