EUROPEAN HEADLINES

FT Europe – Cameron says leaving EU puts security at risk. PM attempts to fight off argument that Britain is safer out.

WSJE – Greece Passes Austerity Measures as Creditors Remain Deadlocked Over Bailout Terms. Thousands of protesters demonstrated against the measures outside parliament on Sunday.

INYT – IHT – Close Encounters With Jets Show Russia’s Anger at NATO Buildup, U.S. Says. When the Pentagon complained about a Russian fighter plane performing a barrel roll near an Air Force reconnaissance plane in international airspace over the Baltic Sea on April 29, a quick response came from Moscow, which claimed that the American plane did not have its transponder turned on.

BBC Europe –  Shock as Austrian Chancellor Faymann quits. Austrian Chancellor Werner Faymann has resigned after losing the support of Social Democratic party colleagues. Mr Faymann came to power in 2008 but has faced criticism within his party since the far right won the first round of presidential elections last month. He told a hastily convened press conference that Austria needed a chancellor who had his party “fully behind him”.

FRANCE

Le Monde – Michel Platini suspended for four years by the Court of Arbitration for Sport. The CAS signalled the end of his career as President of UEFA after he was initially banned for six years by the FIFA Ethics committee.

Les Echos – French banks face the great unknown with zero interest rates. The low level of returns is a existentialist crisis for the banks.

GERMANY

Frankfurter Allgemeine Zeitung (FAZ) – Why Greece’s economy is not growing. Greece upturn depends heavily on investment. Can the country create a business friendly climate? Yes. But it is very questionable is whether they can do this under this government.

Süddeutsche Zeitung – Austrian Social Democrats: A party divided against itself. Austrian Chancellor Faymann is put in a humiliating position, his party has developed a suicidal tendency. The FPÖ (Freedomites) welcomes this development.

ITALY

La Repubblica – Vegas on Failed Banks: “Whoever bought the bonds should have been told of the risks”. Greater transparency for savers is needed.

Il Sole 24 Ore – Vegas: Saver protection to be brought forward against failed banks.

POLAND

Gazeta Wyborcza – Sovereignty is inconsistent. Interview with prof. Nicholas Cześniki. PiS gained 18.6% of those eligible to vote. The claim that the winner can do whatever they want, because of claimed sovereignty is pure populism.

SPAIN

El Pais – Released Spanish journalists arrive in Madrid and give an account of their ordeal. Three reporters who were held by an Al Qaeda affiliate near Aleppo for 10 months said they were treated humanely

UK

The Times – Brexit will raise risk of world war, PM claims. David Cameron will today raise the spectre of war if Britain votes to exit the European Union as he asks whether leaving is a risk worth taking. The prime minister will invoke two world wars and the Balkans conflict as he makes his case for the EU, saying that international co-operation helped to end lengthy conflicts.

The Guardian – David Cameron rejects claims of hyperbole over Brexit risks. David Cameron has defended his claim that leaving the EU could increase the risk of war, highlighting the bloodshed that has happened in recent decades. The UK prime minister has been accused by leave campaigners of hyperbole and crying wolf about the risks of Brexit but he said he hoped voters would listen to his view.