Speaking on the Today programme, Michael Meister, the deputy parliamentary chairman of Mrs Merkel's governing CDU party argued that we need "more Europe" and that the keys to this are responsibility, subsidiarity, plus solidarity in the eurozone.

BBC: MP: 'We must stick to our corner' on EU

Seth Klarman of Baupost Group, and value-meister Michael Price, of MFP Investors hedge fund made sizable additions to their Hewlett Packard positions in the second quarter.

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