
Top news: Greek President Karolos Papoulias is meeting with party leaders to ask them to step aside in favor of a technocratic government that can keep the country from bankruptcy -- a last-ditch effort to salvage a political compromise out of the inconclusive May 6 election. However, while the leftist Syriza bloc is attending the meeting, it has already pledged to reject the plan. "We don't want to consent to any kind of bailout policies, even if they are implemented by non-political personalities," said a spokesman.
Failure to agree on a new government would force Papoulias to call for new elections in June, and would likely raise the chances of Greece defaulting on its debts and leaving the eurozone entirely.
While many eurozone leaders are now discussing the prospect of a Greek exit openly, Luxembourg's Jean-Claude Juncker, who heads the group of eurozone finance ministers, angrily dismissed such talk on Monday. “I don’t envisage, not even for one second, Greece leaving the euro area. This is nonsense. This is propaganda,” he said.
The Greek economy contracted by 6.2 percent in the first three months of the year.
Economy: Despite contractions in Southern Europe, the continent narrowly avoided returning to recession in the first three months of the year thanks to stronger than expected growth from Germany.
Middle East
- Nearly 23 Syrian soldiers were reportedly killed in clashes with opposition fighters.
- Saudi Arabia is seeking a closer union of the Gulf monarchies.
- A group of Palestinian prisoners agreed to end a hunger strike in exchange for concessions from Israel.
Africa
- EU forces conducted their first raid on a pirate base on the Somali mainland.
- A suspected remote-controlled bomb went off at a Somali refugee center in Kenya.
- West Africa regional bloc ECOWAS has threatened to reimpose sanctions on Mali's coup leaders.
Europe
- Former Rupert Murdoch aide Rebekah Brooks will face prosecution in the NewsCorp phone hacking scandal.
- Francois Hollande was sworn in as president of France.
- The British government defended David Cameron's meeting with the Dalai Lama from Chinese criticism.
Asia
- Nine civilians were killed in a bombing at a market in Northern Afghanistan.
- Pakistan's foreign minister suggested it may reopen its Afghan border to NATO supplies.
- China has detained four South Korean activists.
Americas
- Haiti's parliament voted in a new government.
- The U.S.-Colombia free-trade agreement went into effect.
- Argentina's vice president is being investigated for corruption.
ANGELOS TZORTZINIS/AFP/GettyImages












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