Links: Friday 29th

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Links: Friday 29th Jun 29th 2012, 10:35 European leaders agree to closer long-term union BRUSSELS (AP) – After tough all-night bargaining, European leaders appeared to salvage what had seemed to be a summit teetering toward failure by agreeing early Friday to funnel money directly to struggling banks, and in the longer term to form a tighter union. {http://www.usatoday.com/money/world/story/2012-06-28/eurozone-leaders-emergency-measures/55903702/1} The South China Sea Oil Card Over the weekend, the China National Offshore Oil Company (CNOOC) quietly announced that nine new blocks in the South China Sea were now open to foreign oil companies for exploration and development. {http://thediplomat.com/china-power/the-south-china-sea-oil-card/#more-3748} Source

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