EUROPEAN HEADLINES
Financial Times Europe – Carney issues stark warning with package to ease Brexit downturn. BOE’s first rate cut for 7 years and £70 billion injection. 250,000 jobs in peril, says governor.
Wall Street Journal Europe – BOE shakes up pound and gilts. Central Bank’s moves to cut rates, restart bond buying exceed market expectations.
FRANCE
Le Monde – Olympics to open amid Brazilian crisis. The Olympic Games are opening on Friday 5 August in Rio de Janeiro, in a country on the brink of chaos.
Les Echos – Rio 2016: Games to forget the ongoing crises. 10,500 athletes from more than 200 countries are to begin a three-week competition. The international sport event opens amid a political and social crisis.
GERMANY
Frankfurter Allgemeine Zeitung – OSCE observers in eastern Ukraine threatened with death. Since mid-April, more than 300 incidents involving fighters of both parties to the conflict.
Süddeutsche Zeitung – Erdoğan goes against private companies. The Turkish President now also looks for Gülen supporters in the business world. Vienna calls to cancel the membership talks with Ankara – Berlin and Brussels disapprove.
ITALY
La Repubblica – Rai and reforms, the Democratic Party is divided: “TV occupied.” Clash inside the Democratic Party over the appointments on the RAI channel and the forthcoming referendum.
Il Sole 24 Ore – London, anti-crisis bazooka. The Bank of England, worried about the Economy since the Brexit has cut rates to the historical minimum of 0.25%.
POLAND
Gazeta Wyborcza – Crisis in Rio. Rio has the worst press of all hosting cities of the Olympic Games recently. Sport as such has the worst opinion in its history. This comes at a time when Poland has the strongest Olympic team in years and will fight for medals in the key Olympic disciplines.
SPAIN
El Pais – Zapatero asks the PSOE to launch an internal debate on the investiture. The former President urges his party to discuss the opportunity to maintain the “no” to Rajoy and warns against a new election.
Expansion – Fight for soccer TV rights. Movistar and Orange launch offers to reach new customers 15 days before the beginning of the Liga championship.
UNITED KINGDOM
The Times – Child abuse inquiry in crisis after judge quits. GBP 100 million review is yet to hear evidence.
The Guardian – Rates cut to an historic low on recession fears. Bank of England tells lenders to pass benefits on to homes and businesses.
UNITED STATES
International New York Times (UK Edition) – Refugees’ grim choice: starvation or rape. As food supplies dwindle in South Sudan camps, “our enemies are outside.”
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