EUROPEAN HEADLINES
FT Europe – Soaring yen defies Tokyo’s effort to spur growth and head off deflation. Abenomics undermined. Currency at highest since 2014. Central bank moves fail.
WSJE – CEO pay fell most since 2008. Median compensation for S&P 500 bosses shrank to $10.8 million from $11.2 million.
INYT (IHT) – “Man in the hat.” The Belgian police on Thursday released new footage of a man suspected of having taken part in the assault on Brussels Airport on March 22. The video retraces his steps in the two hours after the suicide bombings, describe his clothing and shoes, and renews the authorities’ appeal to the public for help identifying him.
BBC Europe – Deportations resume from Greece to Turkey. A second group of deported migrants has arrived by ferry in Turkey from Greece as part of an EU deal to reduce the numbers reaching Europe. The boat carrying 45 Pakistanis left Mytilene on Lesbos for the short journey to the Turkish port of Dikili. Three demonstrators who dived into the harbour were fished out by coastguards.
FRANCE
Le Monde – Panama Papers sends global shock wave. In China, people close to high officials from the Communist Party, including president Xi Jinping’s brother-in-law, have hidden their fortune behind dummy companies.
Les Echos – Real estate: the reasons why the market growth restarts. Price corrections and the historically low level of interest rates stimulate the market.
GERMANY
Frankfurter Allgemeine Zeitung – EU and Ukraine disappointed with the Dutch “No.” 61 percent of voters against the association agreement. Poroshenko confirms westward course.
Sueddeutsche Zeitung – Thaw between Merkel and Seehofer. Chancellor and CSU leader tentatively settle the dispute over the end of border controls. The cabinet is now expected to adopt blocked projects, such as inheritance tax, before the summer.
ITALY
La Repubblica – Delrio investigated: “It is a conspiracy against the State.” The Infrastructure and Transportation Minister will be questioned over the corruption affair shaking Italy.
Il Sole 24 Ore – Spread jumps to 132, Stock exchanges blocked by banks. Draghi: risks of shock without the creation of a true monetary union.
POLAND
Gazeta Wyborcza – Judges are not afraid of Ziobro. The National Council of the Judiciary urges courts and authorities to abide by the Constitutional Court’s rulings. The body also condemns actions aimed to intimidate the judges by the Minister of Justice and Prosecutor General Zbigniew Ziobro.
SPAIN
El País – The pact with Podemos fails at first attempt. Iglesias prevents any pact from being reached, asking for the right to self-determination. “It seems that there will be no deal,” Ciudadanos states. The PSOE believes that “it is possible to bring together” the two parties.
UK
The Times – Cameron: I held shares in offshore tax haven. David Cameron admitted last night having profited from his late father’s offshore investment fund in an unprecedented disclosure of private financial affairs by any prime minister.
The Guardian – Cameron finally admits: yes, I benefited from tax-avoiding offshore fund. David Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father.
©europeanunion2016