The World Trade Organization authorizes the United States to impose about US$7.5 billion in tariffs on goods from the European Union every year. The WTO started the probe in 2005 after the United States complained that European subsidies to Airbus damage Boeing airplane sales.
A group of international diplomats begins a two-day tour given by Iran as a gesture of goodwill and transparency in response to foreign concerns over its nuclear program. The European Union, Russia, and the People's Republic of China refuses its invitation.
Irish financial crisis. Widespread speculation that senior bondholders of Irish banks will have to take a "haircut" -- i.e. share in the costs of an EU bailout -- leads to downgrades in the credit worthiness of the institutions that hads the most at stake in the ballooning property values of recent years.