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On the 15th May 2012 the European Parliament hosted a Conference entitled: “Peace in the Middle East”. The latter was organised by the European Foundation for Freedom at the initiative of Mep Andreas Molzer, Mep Fiorello Provera and Mep Philip Claeys. Speakers at the conference included respected leaders from both the Israeli and the Arab side, who, for the first time, were able to discuss the issue of Peace in the Middle East from the point of view of the people who will be most affected by the decision of the political leaders.

www.telegraph.co.uk - Britain faces tax increases or spending cuts of £3bn as Francois Hollande, France's new Socialist president, prepares to ditch the EU budget ceiling freeze.

www.spiegel.de - German Chancellor Angela Merkel is well known for her opposition to further aid for crisis-stricken euro countries without additional controls, but what do German voters think? A new SPIEGEL ONLINE survey reveals that a narrow majority is opposed to any more bailouts, and almost three-quarters of Germans want stricter fiscal oversight from Brussels.

www.telegraph.co.uk - Spanish and Italian borrowing costs soared back into the danger zone as traders bet that the policy action by central banks was inadequate defence against the continued political and financial chaos in the eurozone.