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Latest fromEuropean Union

World shares up as Greek rescue imminent
World shares advanced overnight amid expectations a deal on Greece's second financial rescue was imminent and that China was moving to increase liquidity at its banks.

World shares drop as Greece frustrates
World sharemarkets are down as investors become more impatient with Greece.

Euro, shares fall as German economy shrinks
There was more bad news from Europe overnight, with data showing the German economy contracted in the last quarter.