ABC NewsMail - afternoon edition

NewsMail Afternoon Edition Sat 19 May, 2012 Top Stories More Top Stories » Greece tops G8 agenda as markets tumble Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as US president Barack Obama met other G8 leaders for crisis talks in Washington. The Group of Eight top economies come together as Greece faces its second election in just six weeks, putting its eurozone future in doubt and dragging down Spain, where the government is struggling to keep its banks afloat. European stock markets posted sharp losses, mirroring drops in Asia, while the Australian stock market closed at its lowest level for 12 months. More » Facebook takes Wall Street roller-coaster ride Guest list the focus of Queen's Diamond Jubilee Western Australia introduces court for mentally ill Stricken ship drifting towards Great Barrier Reef East Timor to celebrate 10th anniversary Seven teens escape NT juvenile detention Unlicensed teen killed in fiery crash Pair charged with newborn baby's murder Regime forces fire on massive Syrian protests More Analysis » Late degenerate capitalism and the eurozone fallout What we have nowadays is a market of late degenerate capitalism. Morality is negotiable. Players want economic freedom but don't want to pay the price of their strategic errors. Which brings us to the eurozone. The system as currently designed is unsustainable - countries have either got to have their own currency sovereignty, or they've got to have a federated fiscal policy capacity. So what could the fallout from the crisis mean for Australia? More » Smooth operators are a spent political force Hockey's welfare philosophy is a proven failure GWS High: a lesson in learning from the AFL Gay marriage is a distraction: remember Manning Investing in our youngest Australians There's no such thing as a good grades guarantee Once the networks discover Le Tour, it's all over Darwin's modest discovery of evolution The limits of secularism and the search for meaning Just In More Just In » Stricken ship drifting towards Great Barrier Reef The Australian Maritime Safety Authority is monitoring a bulk carrier that is drifting out of control toward the Great Barrier Reef in far north Queensland. More » Wagga film festival captures overseas attention Seven teens escape NT juvenile detention East Timor to celebrate 10th anniversary Guest list the focus of Queen's Diamond Jubilee Regime forces fire on massive Syrian protests US soldier charged over 2009 Iraq killings Western Australia introduces court for mentally ill Exposed president stirs up controversy Italy's dog and cat tax muzzled World More World » Greece tops G8 agenda as markets tumble Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as US president Barack Obama met other G8 leaders for crisis talks in Washington. The Group of Eight top economies come together as Greece faces its second election in just six weeks, putting its eurozone future in doubt and dragging down Spain, where the government is struggling to keep its banks afloat. European stock markets posted sharp losses, mirroring drops in Asia, while the Australian stock market closed at its lowest level for 12 months. More » Regime forces fire on massive Syrian protests Guest list the focus of Queen's Diamond Jubilee Facebook takes Wall Street roller-coaster ride Exposed president stirs up controversy Business More Business » Facebook takes Wall Street roller-coaster ride Facebook's shares rose less than expected on its first day of trading, despite making one of the most eagerly-awaited market debuts in history. More » Greece tops G8 agenda as markets tumble Union says BHP workers will strike next week European funding markets frozen: ANZ chief ACCC to probe online price deals Politics More Politics » East Timor to celebrate 10th anniversary East Timor will tomorrow commemorate its 10th anniversary since independence from Indonesia, and the World Bank says there are plenty of reasons to celebrate. More » What is the Brisbane Sovereign Embassy? HMAS Ballarat sails into China for joint exercise Industrial court to hear HSU administration case No regrets over Slipper staffer comments: Carr Sport More Sport » Pies count the cost of Cats win Injuries to Ben Reid and Dane Swan put a dampener on Collingwood's 12-point victory over Geelong on Friday night. More » Pomersbach bailed after denying charges Tigers edge Warriors in thriller Big names on Rome collision course Relieved Strauss relishes special hundred Sanderson ignoring Crows' hoodoo Science and Technology More Science and Technology » CSIRO cleared of link with forestry lobby group By Simon Lauder An investigation by the Commonwealth Ombudsman has cleared the CSIRO of its links with a forestry lobby group, but has warned its reputation could suffer. More » Last 50 years were Australia's hottest: study Woman uses thoughts to move robotic arm Poison trials raise hopes in feral pests fight No hint of world's end in oldest Mayan calendar Environment More Environment » City dwellers fare better than country cousins A report has found people who live in the city fare better in terms of health, education, employment and wealth than their rural counterparts. More » Last 50 years were Australia's hottest: study Poison trials raise hopes in feral pests fight Australia seventh-worst polluter on Earth: report Australian to embark on tsunami debris mission About this email You received this email because you are subscribed to ABC News email alerts. This message was sent to you at starnewsposting@gmail.com Please add newslists@your.abc.net.au to your email address book to see images by default and stop the email being treated as spam. This email address is not monitored - Please don't reply to this email. Manage your preferences | Unsubscribe | Contact Us   This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Australian Broadcasting Corporation, 700 Harris Street, Ultimo NSW 2007 © 2011 ABC | Conditions of Use | Privacy Policy | Discover other ABC Email newsletters