A pay cut for ministers in France will be on the agenda when the country's new cabinet meets for the first time today - even though it is a public holiday.
Greek creditors are bracing themselves the possibility of heavy losses but it is the Greek people who fear they may be the biggest losers if they default on their debts.
Iran's president Mahmoud Ahmadinejad has claimed he would like to support Iranian athletes competing in this summer's London 2012 Olympics - but the UK authorities are reluctant to host him.
