EUROPEAN HEADLINES

FT – Jain joins list of high-profile bank causalities with Deutsche departure. Co-chief steps down amid investor unrest. Fellow head Fitschen to leave next year.

WSJE – Turk vote takes majority from long-ruling party. Turkey’s Islamist-rooted government lost its majority in national election after 13 years in power, raising the prospect of a coalition government and dealing a crushing blow to President Recep Tayyip Erdogan’s push to consolidate power.

INYT – An elite navy unit’s blurred lines. Part soldiers, part spies, SEAL team operates with limited outside scrutiny.

FRANCE

Le Monde – Greek debt and Ukraine poison Merkel’s G7. The day before the summit in Baviera, Greek Prime Minister rejects the Brussels’ and IMF’s proposition.

Les Echos – Macron Law, reforms: trial week for Valls. The government, which excludes any “break,” is willing to relax social thresholds for very small businesses. The Macron Law, which still divides the PS, will be examined once again by the Assembly.

GERMANY

Frankfurter Allgemeine (FAZ) – Deutsche Bank bosses’ surprise resignation. Following criticism from several shareholders on scandals and poor results, Anshu Jain and Jürgen Fitschen announced on Sunday their resignation. They will be replaced from May 2016 by British John Cryan.

Sueddeutsche Zeitung – Juncker enraged at Greece. Before the beginning of the G7 summit, European Commission President accused Greek Prime Minister Tsipras of not keeping his promises and misinforming the Greek Parliament.

ITALY

La Reppublica – Migrants: the rebellion of North’s politicians. According to Matteo Renzi, the EU is not doing enough on the matter. North Italy’s district administrators rise against migrants’ arrival and threaten to cut subsidies to municipalities.

Il Sole 24 Ore – Pensions: five scenarios today can ease early retirement. The government is exploring options to facilitate early retirement in its draft-law on Stability.

POLAND

Gazeta – Putin ousted from G7. In a picturesque Elmau castle in Bavaria, leaders of the most influential Western countries finally confirmed the divorce with the Kremlin.

SPAIN

El Pais – Rajoy looks for a substitute to replace Saenz de Santamaria as spokesperson. The Vice President and Feijoo, favourites to replace the PP’s leader as candidate, Metroscopia reports.

Expansion – Interview with Simón Pedro Barceló: “Barceló will double profits.” The hotel group expects to earn €100 million this year.

UK

The Times – Sceptics cry foul as PM raises EU poll cash limit. Cameron threatens to sack ministers who campaign for British exit.

The Guardian – PM: I will sack ministers who call for EU exit. Cameron expects support for his deal but hints at a deferred treaty change.

©europeanunion2015