Public Affairs Networking
07/07 – Today’s headlines from across the EU – A drachma out of a crisis?

EUROPEAN HEADLINES

FTAthens offered last chance to avoid crashing out of single currency. New reform proposal to be presented tonight. Eurozone leaders remain skeptical.

WSJEGermany’s power strains unity in EU. Pushback likely to grow if Berlin turns more forceful.

INYTGermany holds line on Greek debt. Berlin’s position opens rift in EU after Tsipras takes conciliatory steps.

FRANCE

Le MondeAfter the Greek “No,” Europe remains inflexible. Merkel and Hollande want to draw the necessary first consequences of the referendum on Monday at the Elysée. The “Grexit” is considered more likely than ever.

Les EchosGreece: final chance before its euro exit. Hollande and Merkel require “serious” proposals. Tsipras uses his support against his creditors. Financial markets stand up against the flood of “oxi.”

GERMANY

Frankfurter Allgemeine (FAZ)  – Athens wants to make new proposals again. Merkel sees no basis for negotiations. Hollande urgently calls on Tsipras.

Suedeutsche Zeitung“Greeks threatened by terrible plight.” Greek Economy Minister Stathakis asks the ECB for new loans. The Federal Government is first waiting for a new offer by PM Tsipras.

ITALY

La RepubblicaGreek Chaos: the EU takes a hard line. No more help from the ECB, Greek banks will stay closed today. Tsipras sacrifices Varoufakis for the sake of negotiations.

Il Sole 24 OreSpread closes on 162 after Greek “No” and Stock Market plummets. The European Central Bank kept Emergency Liquidity Assistance (ELA) steady for Greek banks but adjusted the haircut.

POLAND

GazetaGreek marathon. The Euro Area Summit starts today to discuss financial aid for Athens. Grexit is still the most probable scenario however Euroland and Athens will try once again to prevent drachma’s return.

SPAIN

El PaisEurope to leave the door open to a last Greek proposal. Merkel and Hollande warned Tsipras that “time is running out”. Tsakalotos to replace polemical Varoufakis as Finance Minister. Greek banks to reopen to the public on Thursday.

ExpansionWhat does an investor have to do to deal with the Greek crisis? Analysts advise to maintain the exposure to stock markets and even exploit hunts for bargains.

UK

The TimesShop all day on Sundays in trading shake-up. Osborne prepares to confront unions over laws.

The Guardian Greece given 24-hour deadline. Merkel demands new plan for Athens. Fears that banks will run out of cash.

©europeanunion2015

Comments
No comments yet
Submit a comment

Policy and networking for the digital age
Policy Review TV Neil Stewart Associates
© Policy Review | Policy and networking for the digital age 2024 | Log-in | Proudly powered by WordPress
Policy Review EU is part of the NSA & Policy Review Publishing Network