GRAN CRÉDITO DEL BANCO MUNDIAL A HUMALA, NUEVA CAÍDA DE MINISTRO DE DILMA

Top of the Agenda: EU Leaders Reach Deal on Debt Crisis European leaders announced a long-awaited "comprehensive" plan (WSJ) to tackle a eurozone sovereign debt crisis that has threatened global economic stability. Officials billed the deal as a "three-pronged" agreement (BBC) that would provide Greece with a second bailout package to meet its debt obligations, including a voluntary 50 percent write-down by private creditors; require €106 billion in recapitalizations for the continent's exposed banks; and leverage the €450 billion temporary European Financial Stability Facility (EFSF) by at least fourfold, bringing its lending capacity to around €1 trillion. The expanded EFSF (NYT) is meant as a buffer to protect the large indebted economies of Spain and Italy from further sovereign debt contagion. Asian and European markets were up (DeutscheWelle) following the deal, while the euro rose above $1.40 for the first time since September. Analysis With Thursday's decisions in Brussels, Europe has made good progress toward saving the euro, writes Der Spiegel's Roland Nelles, which is in large part due to the work of the German chancellor. Angela Merkel's approach--to decelerate rather than succumb to panic--is starting to pay off. "Muddling through" is better than a "heroic disaster," argues this Guardian editorial. In this CFR Interview, CFR's Charles Kupchan says the EU will likely survive and could even grow stronger by creating more capable institutions to oversee the euro. EU leaders have been caught between market forces urging greater European fiscal integration and strong nationalist sentiments warning against a loss of political sovereignty, explains this CFR Analysis Brief. MIDDLE EAST Qaddafi's Fugitive Son Offers to Surrender Former Libyan leader Muammar al-Qaddafi's son, Saif al-Islam, asked for an aircraft to transport him from Libya's southern desert to the International Criminal Court at The Hague (al-Arabiya), the National Transitional Council said. In this CFR Video, CFR's Robert Danin argues that the international community needs to remain involved inLibya after Qaddafi's death. ISRAEL: Today, the country will release twenty-five Egyptian prisoners (al-Jazeera) in exchange for a U.S.-Israeli man held in Egypt since June on suspicion of being an Israeli spy. PACIFIC RIM U.S. Military Skeptical about North Korea Talks Senior U.S. military officials said there was no indication that North Korea was serious about ending its nuclear weapons program, while Defense Secretary Leon Panetta accused Pyongyang of "reckless and provocative" (WSJ) behavior. The two countries held bilateral talks earlier this week in Geneva. SOUTH KOREA: In a visit to Seoul, Chinese Vice Premier Li Keqiang said North Korea is willing to engage in talks with the South in order to ease tensions (Yonhap) on the Korean peninsula. Li met with North Korean leader Kim Jong-Il earlier in the week. This CFR Independent Task Force Report identifies elements of an internationally coordinated response to the threat posed by North Korea: denuclearization of the Korean peninsula, regional cohesion, and China's cooperation and engagement. SOUTH AND CENTRAL ASIA U.S. Drone Strike Kills Pakistani Taliban Commanders A U.S. drone strike targeting a vehicle in Pakistan's South Waziristan (BBC) tribal region killed two Pakistani Taliban commanders, including the brother of Taliban leader Maulvi Nazir, and at least two other militants. Targeted killings have become a central component of U.S. counterterrorism operations around the globe. Despite pointed criticism over transparency and accountability issues, analysts say the controversial practice seems likely to expand in the future, explains this CFR Backgrounder. PAKISTAN: Former Pakistani president Pervez Musharraf accused India (TimesofIndia) of trying to turn Afghanistan against Pakistan, saying Pakistan's Inter-Services Intelligence agency should take "counter-measures." AFRICA Somali PM Says Kenya Can Pursue Al-Shabaab Somali Prime Minister Abdiweli Mohamed Ali said the Kenyan military has the right to continue to pursue al-Shabaab separatist militants inside Somalia, but that Somalia's military must take the lead (Reuters). Kenya has accused al-Shabaab of cross-border kidnappings. Meanwhile, a man suspected of carrying out twin grenade attacks in the Kenyan capital of Nairobi earlier this week pleaded guilty and admitted to being a member of al-Shabaab (DailyNation). This CFR Backgrounder offers a profile of the al-Shabaab Islamist militant organization based in southern Somalia. AMERICAS World Bank Backs Peru Calling Peru's macro-fundamentals "very strong," the World Bank offered the country a $3 billion line of credit (MercoPress) to help recently elected President Ollanta Humala sustain economic growth and implement anti-poverty measures. Humala's victory should mean continued solid relations with the United States and is an opportunity to further prove that moderate leftism is the consensus model for Latin American politics,NO TANTO!  says expert Michael Shifter in this CFR Interview. BRAZIL: Sports minister NADA MENOS! Orlando Silva became the sixth minister to step down due to corruption allegations since President Dilma Rousseff took office in January (NYT). Silva's resignation comes as the government is spending billions in preparation for the 2014 World Cup and 2016 Olympic Games.