The following are the top stories in the Maltese and overseas press.

The Times of Malta leads with the baby born in Mater Dei Hospital minutes after the mother was escorted to hospital by quick-thinking policemen. The parents told the policemen: - Well done officers, you had a baby boy. It also says the PM still plans to force EU burden-sharing.

The Malta Independent leads with a historic ruling by the US supreme court on gay marriage.

l-orizzont says Enemalta is seeking to procure oil at advantageous rates.

In-Nazzjon reports how Marie-Louise Coleiro used to visit the prisoners before the general election.

The overseas press

Börzen Zeitung reports that EU finance ministers have agreed an outline plan on how to rescue troubled banks without leaving taxpayers to face the bill. The deal was reached early this morning after another long session of talks between the 27 EU countries. Observers see it as an important step towards the EU's goal of putting its banks on safe ground after the shocks of the credit and eurozone crises. In future taxpayers would be among the last to shoulder losses, with banks and their creditors and shareholders to take the first hits. After that, ordinary savers with large deposits of more than €100,000 will be the next to take losses. If that is not enough, then national governments will be called upon to give support.

The BBC says the record unemployment blighting much of Europe would be the focus of attention at a two-day EU summit set to open in Brussels. Across the EU, nearly a quarter of people aged 18 to 25 have no job. In Greece and Spain more than half of people in that age group are jobless. EU leaders will consider mobilising €6 billion earlier than planned to help youth training schemes. There are also plans to boost bank lending to small businesses.

According to Avvenire, a commission of inquiry has been set up by Pope Francis to review the activities of the Vatican bank. A Harvard professor and four senior clerics will have full powers to access any documentation and data to assess whether there is any substance to allegations that the Institute for Works of Religion (IOR), as the bank is formally known, is guilty of money-laundering and tax evasion. Earlier this month, the Pontiff named a trusted cleric to oversee the bank's management, while his latest and boldest move ensures investigators report directly to him.

The Australian reports Kevin Rudd had been sworn in as the new Prime Minister of Australia. Almost three years to the day since he was ousted by Julia Gillard, Rudd seized the leadership back by winning a Caucus ballot 57 votes to 45, and has been sworn in by Governor-General Quentin Bryce as Australia's 28th Prime Minister. Gillard resigned after losing the leadership contest and said that she would be retiring from politics. In his first address to Parliament, Rudd paid tribute to the former prime minister, saying he acknowledged her “great work as a standard bearer for women in our country.".

VOA News says President Obama has welcomed the US Supreme Court ruling which quashed legislation that discriminated against same sex couples. In a landmark ruling, the judges struck down the Defence of Marriage Act, the law that denied federal recognition of same-sex marriages. Obama said that the Act had treated gay and lesbian couples as a separate and lesser class of people.

NBC reports Venezuelan President Nicolas Maduro has hailed the “courage” of Edward Snowden, the man who leaked information about the US government’s surveillance programmes. Speaking in Haiti, Maduro said someone should “protect” Snowden, who is believed to be in a transit zone at Moscow’s Sheremetyevo airport. Venezuela became the latest possible destination for Snowden after the country’s authorities said they would consider giving him political asylum.

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