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REUTERS, EL PAIS (Spain)

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Euro zone ministers struggled to reassure financial markets on Tuesday that an aid package for Spain they outlined overnight will help stabilize the currency bloc, Reuters reports.

The Spanish daily El Pais called the decisions taken overnight by the euro zone partners in Brussels "a soft intervention in the economy," while Spanish Economy Minister Luis de Guindos was quoted as saying "It is a very, very positive agreement." Still, investors appeared disappointed the meeting did not offer more, and remained jittery through morning trading on Tuesday.

El Pais summed up the decisions taken in Brussels in four main points:

-the Euro group will sign an agreement on July 20th;

-the troubled Spanish banks will receive 30 billion euros before the end of July, in what will be the first instalment of a Spanish bailout of up to 100 billion euros which was agreed on in June;

-the euro zone is asking for important fiscal measures in Spain, including an increase in sales tax rates;

-Representatives of the EC/ECB/IMF "Troika" will come to Madrid every three months.

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As More Land Turns to Desert, Fights Over Water Erupt In Mongolia

There are too many animals for the available water supply in the Gobi desert region. The situation worsens each year.

Bolortuya Bekh-Ochir, right, and Jargalsuren Tungalagzaya fill a trough with water for a herd of goats outside of Dalanzadgad, Umnugovi province, Mongolia, June 5, 2022.

Uranchimeg Tsogkhuu, Global Press Journal Mongolia.
Uranchimeg Tsogkhuu*

DALANZADGAD — The scorching sun glares at them from directly above, and everything under their feet is parched, dusty and barren. The sheep and goats squeal and squeak, their nostrils sunken, their eyes glazed. Batbaatar Tsedevsuren, a herder with more than two decades of experience, knows this is how his animals behave when extremely thirsty.

He has walked with his 700 animals for several days in Mongolia’s Gobi desert in search of water and green pastures, when suddenly Batbaatar sees a well, and a fellow herder sitting on its edge. He comes closer with a smile, he later recalls, but the herder doesn’t reciprocate. “There is no water in the well,” the other herder quickly says. Batbaatar knows that isn’t true, and that the herder is just acting stingy. But he can’t afford a fight.

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