Greek Banks to Reopen; Tax Cuts; Trump on McCain: Saturday WrapStephen West
Here are highlights of the top breaking news stories from around the world on Saturday:
Greece took a step back from the financial brink when the government announced that the nation’s banks would reopen on Monday, a week after Prime Minister Alexis Tsipras and the nation’s creditors agreed on a bailout program and three days after the European Union set up a 7.2 billion euro ($7.8 billion) bridge loan to the debt-ravaged country. Capital controls limiting daily withdrawals to 60 euros per person will remain in effect.
German Finance Minister Wolfgang Schaeuble, who had suggested that Greece should exit the euro zone for five years to get its fiscal house in order, said in an interview with Der Spiegel magazine that he had no plans to resign.
The World Trade Organization came closer to a deal on the Information Technology Agreement, which would eliminate tariffs on a wide range of technology products that generate $1 trillion worth of business around the globe. Negotiators in Geneva tentatively agreed on a list of products to be covered, which range from semiconductors and LCD screens to GPS devices and video-game consoles.
Donald Trump, the real estate mogul, reality TV host and publicity hound who’s seeking the Republican presidential nomination, ruffled feathers across the political spectrum when he told a conservative forum in Ames, Iowa, that Senator John McCain is “not a war hero.” (McCain spent five years as a prisoner of war in Vietnam after his plane was shot down.) Trump later walked back the comment a bit, saying “I like people that weren’t captured, OK?”
The comments were not OK with other candidates including Lindsay Graham, Rick Perry, Bobby Jindal, Scott Walker and Jeb Bush. Ted Cruz, on the other hand, said he wouldn’t “go into the gutter with personal attacks” on Trump.
Dustin Johnson of the U.S. regained the lead of the British Open golf tournament in St. Andrews, Scotland, which has been delayed a day by wind and rain. After two rounds of play, Johnson is 10 under par, one stroke ahead of England’s Danny Willett and two ahead of Scotland’s Paul Lawrie, the 1999 champion.
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