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EUROPEAN HEADLINES |
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FT Europe |
Opec unites in resisting output caps as oil price hovers near $50. Cartel tensions ease at Vienna meeting. Benchmark crude up 80% from January low.
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WSJE |
Big banks will need more capital. Two Fed governors say tougher demands loom for top lenders.
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INYT |
In Britain, a sense of otherness over Europe. Questions of identity underlie the theatrics of the “Brexit” campaign. |
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BBC Europe |
Paris floods: Seine set to peak as more rain forecast. Floodwaters in Paris are set to peak shortly with the River Seine due to go 6m (19ft) above its normal level. The world-famous Louvre and Orsay museums have been shut so staff can move priceless artworks to safety. At least 11 people have died in the past week – 10 in southern Germany, one in France. Thousands have been forced from their homes. |
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FRANCE |
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Le Monde |
France to lose a quarter of its GPs over twenty years. The number of general practitioners has dropped 8.4% between 2007 and 2016, the French Medical Association revealed on 2 June. This “inexorable” and “alarming” decline will result in the loss of a quarter of practitioners between 2007 and 2025.
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Les Echos |
The social crisis provokes another drop in Hollande’s popularity.New record-low for the Head of State, according to the Elabe survey for “Les Echos”. The protest is taking root at the SNCF, but strikers plan to restart the Donges refinery. |
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GERMANY |
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Frankfurter Allgemeine |
After Armenia resolution Erdoğan threatens with “serious consequences.” Ankara calls back its ambassador. Jung: Turkey should not be put at the pillory.
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Sueddeutsche Zeitung |
Terror cell planned attack in Dusseldorf. Federal attorney orders custody for three suspicious Syrians who were preparing an attack on the old town with explosive vests and guns. The men were allegedly hired by the IS. |
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ITALY |
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La Repubblica |
Germany’s challenge: “Armenian genocide, Turkey is guilty.” The Parliament has voted, wrath of Erdoğan: relationship compromised. Ankara calls back its ambassador. Merkel: both countries remain friends.
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Il Sole 24 Ore |
The ECB raises growth forecast. Draghi: ready for any case scenario regarding the Brexit. Stock exchanges on down trend drop of the Euro. |
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POLAND |
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Gazeta Wyborcza |
Banks will pay for francs. President Andrzej Duda’s experts devise a plan under which losses suffered by banks as a result of converting mortgage loans denominated in CHF into PLN are to be covered by the National Bank of Poland’s issue of new shares. |
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SPAIN |
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El Pais |
The PSOE is to strengthen its unity after the ERE crisis. Díaz will support Sánchez during the campaign that will end in Seville and Madrid.
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Expansion |
Coca-Cola enters the Stock Exchange. Sol Daurella, Coca-Cola European Partners president: “We have opportunities to grow in the beverage market.” |
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UK |
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The Times |
“Extortionate” prices add £260m to NHS drug bill. Four firms exploit loophole to make fortunes at taxpayers’ expense.
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The Guardian |
Cameron: let us not roll the dice on Europe. Vote to leave EU would be an act of “economic self-harm,” PM insists.
©europeanunion2016 |
