"If Greece fails to negotiate a fair compromise, Greece will face dark times," says European Parliament President Martin Schulz in an exclusive interview with Deutsche Welle on bailout negotiations with Greece.
Greece's creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says Anthee Carassava.
The European Parliament's chief has backed a German proposal to harmonize asylum benefits across the bloc. Germany's interior minister argues that generous asylum conditions have a "pull effect" drawing asylum-seekers.
SPD leader Martin Schulz has called for Germany to use its budget surplus for domestic and EU-wide investment. The pitch is an attempt to revive the SPD's chances against Chancellor Merkel in September's election.
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