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The European Union will decide Wednesday whether to grant Greece a last-minute bailout package to avoid pushing it further towards an exit from the eurozone. Greece on Tuesday failed to make a 1.5 billion euro ($1.7 billion) payment to the International Monetary Fund, becoming the first industrialised country to do so. Greece has requested a further 29.1 billion euros from the European Stability Mechanism (ESM), to "fully cover its financing needs and the simultaneous restructuring of debt," for the next two years, according to the office of Prime Minister Alexis Tsipras.
By Sarah Young LONDON (Reuters) - Britain should build a third runway at London's Heathrow Airport, a government-appointed commission into the country's airport capacity said in a report that could cause a political headache for Prime Minister David Cameron. After a three-year study, the Airports Commission selected a new runway at Heathrow over two other shortlisted options, arguing that it offered Britain the best way to add "urgently required" long-haul routes to new markets and boost the economy.