EUROPEAN HEADLINES

FT – Britain takes dovish path on raising interest rates. Timing of BoE move pushed back. Fed now only big bank ready to act.

WSJE – U.K. suspects terrorism. It is ‘more likely than not’ that a bomb brought down Russian jet in Egypt’s Sinai.

INYT – In book, elder Bush criticizes son’s aides. Ex-president’s biography offers harsh assessments of Cheney and Rumsfeld.

BBC – Russian plane crash: UK suspects bomb was placed in hold.UK investigators looking at what caused a Russian airliner to crash in Egypt believe a bomb was put in the hold prior to take-off, the BBC has learned. The UK government suspended all flights to and from the Egyptian resort of Sharm el-Sheikh two days ago.

FRANCE

Le Monde – FN revises its stance on the economy to attract the right. Marine Le Pen tones down her rhetoric on leaving the Eurozone to appeal to a new electorate.

Les Echos – Growth: Europe’s recovery on course. Growth should reach 1.8% in the Eurozone next year and 1.9% in 2017.

GERMANY

Frankfurter Allgemeine – No transit zones but an agreement on new asylum package. Quick procedure in “Recording centres” / Residency obligation / 758,000 refugees.

Sueddeutsche Zeitung – Lufthansa cancels Sinai flights due to suspicion of terrorism. British government reckons bomb a “major possibility”. Moscow deems this mere speculation.

ITALY

La Repubblica –  Pension fund proposes minimum wage plan; Renzi opposes. The Pension fund presents its plan: guarantee a minim wage to the poorest through cuts to pensions of those most well-off. Renzi rejects the proposal.

Il Sole 24 Ore – Industry recovers: (+2.3%), Squinzi: crisis is over. The industrial sector has seen stronger growth, and Confindustria president Squinzi has called for a new industrial policy, without too much state interference.

POLAND

Gazeta Wyborcza – Hunter of teenage girls is finally captured. The Gdansk Police on Monday captured 38-year-old Krystian W, a hunter of teenage girls known in Sopot. Today, the public prosecutor’s office will accuse him of raping a 15-year-old girl.

SPAIN

El Pais – Rajoy agrees to launch a Constitutional reform. The head of the Spanish government promises to abolish the Fourth Transitory Provision.

Expansion – Christmas to hit records. El Corte Inglés to offer €1 billion to its customers in loans in order to revive sales. Carrefour, Alcampo, Cortefiel and Toys’R’Us to strengthen their staff. Cyber stores forecast a 20% rise of the online sales.

UK

The Times – Spies think Isis blew up plane with bomb in bag. Luggage is banned from hold as evidence grows.

The Guardian – Rescue jets to bring 4,000 out of Egypt. US backs British suspicion that bomb caused airliner crash.

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