Weekly round-up of the European Parliament's plenary session in Strasbourg, the first since EU elections were held in May. The week was dominated by the election of the new Parliament President and 14 Vice Presidents after intense cross-party negotiation - and compromise. Greece´s just finished Presidency of the EU - and Italy´s just started - were also placed under scrutiny by Parliament´s 751 new and re-elected members. Central theme: would austerity or greater public spending best invigorate Europe´s still-stagnant economy? We begin our coverage with the election of the 8th European Parliament's President. Available material includes an edited package.