04/09 – Today’s headlines from across the EU

EUROPEAN HEADLINES

FT – Draghi opens door to more QE in face of global tremors. ECB chief points to China slowdown. Eurozone equities rally as euro falls.

WSJE – Refugee crisis divides Europe. Germany, France urge tolerance as Hungary balks. Image of Syrian boy echoes around the world.

INYT – Unity on migrants eludes Europe. Nationalism, politics and bureaucracy blunt pleas for swift action.

FRANCE

Le Monde – Europe shocked by new refugee drama. The body of 3 or 4-year old Syrian boy Aylan Kurdi was found on the beach by Turkish police after a refugee boat capsized, killing a dozen people, on Wednesday 2 September.

Les Echos – 35h-work week: the French ready for real reform. Seven out of ten French people say they are ready to let businesses determine working hours with their employees according to a CSA survey. There are many ways to contravene the 35h week but they are rarely used.

GERMANY

Frankfurter Allgemine (FAZ) – Merkel and Hollande call for binding refugee quotas. Chairman of CDU-CSU parliamentary group Volker Kauder expects 500,000 out of the 800,000 migrants expected this year in Germany to stay.

Sueddeutsche Zeitung – Orbán says refugee crisis is a German problem. Hungary’s government accuses the Federal Chancellor of having “invited people from Syria to the dinner table”.

ITALY

La Repubblica – Migrants divide Europe, fighting on Budapest trains. Eastern European countries protest against Germany, France and Italy and obligatory quotas. The world is shocked by the pictures of the drowned child. Cameron: we must do more.

Il Sole 24 Ore – Markets Jump as Draghi promised more QE “if necessary”, it drives the euro down. The ECB president Mario Draghi announced that QE purchase is forecasted until the end of September 2016 and even later if necessary. Stock Markets appreciate Milan + 2, 62%.

POLAND

Gazeta Wyborcza – Migrant wave heads Westward. Brussels wants the EU Member States to take in at least 100,000 immigrants as situation in Hungary gets out of control. Under such plan, Poland would have to accept the additional 7-8,000 refugees.

SPAIN

El Pais – Spain mobilises for refugees outside the government. Madrid dedicates €10 million to a large welcome and support plan for migrants. Valencia asks banks to make their empty flats available for asylum seekers. The government changes its mind and announces that it is ready to welcome its migrant quota.

Expansion – Telefonica to give free TV sets to all its customers. The company will give Movistar connected devices to establish audience loyalty.

The Times – Cameron opens door to thousands more refugees. Outrage over drowned boy forces Downing Street climb-down.

The Guardian – “The boat flipped. They just slipped through my hands”. Father’s anguish at death of sons Aylan and Ghalib. Tragedy sparks calls for action across Europe.