10/01 – Today’s headlines from across the EU

EUROPEAN HEADLINES

FT Europe – Deutsche eyes emergency debt buyback as bank rout deepens. Move worth several billion euros. Focus on senior bonds. Berlin backing for lender.

WSJE – Japan falls; US recovers. Turmoil hits Asian European markets; Tokyo stocks fall 5.4%; rally in Japan bonds.

INYT – Venezuela’s slide into penury. Despite reserves of oil, many fear their country is on the brink of disaster.

BBC Europe – German police have rejected as speculation a report that a line controller turned off an automatic safety system shortly before two passenger trains collided in Bavaria. Ten people were killed and scores more were injured, 18 seriously. An unconfirmed report suggested that an automatic braking system had been switched off to allow one of the trains to make up time.

BALTIC STATES

Baltic Times – Lithuanian Foreign Minister slams Ukraine over “insufficient” anti-corruption measures. His comments come following the resignation of Ukraine’s Lithuanian-born Minister of Economic Development and Trade, Aivaras Abromavicius, who resigned on February 3, 2016. Linkevicius hopes Abromavicius’ resignation “will make [Ukraine] realise that the time has come for a radical clean-up, not [just] words.”

FRANCE

Le Monde – What if banks sunk the world once more? Worldwide markets suffered a new black day on Monday. From Tokyo to New York, from London to Paris, all markets collapsed.

Les Echoes – Stock exchange: the financial crisis strikes back. Markets are concerned about the soundness of banks, notably in the face of the oil shock. European banking stocks decreased by more than 27% since the beginning of the year.

GERMANY

Frankfurter Allgemeine Zeitung (FAZ) – Dead and injured in train accident in Upper Bavaria. Two regional trains collide. No Political Ash Wednesday in Bavaria.

Süddeutsche Zeitung – Serious train accident in Bavaria. At least nine people died, 80 injured, after two regional trains collided frontally near Bad Aibling. Political parties cancel traditional events of Ash Wednesday.

ITALY

La Repubblica – Civil unions: final vote. Renzi says no to surrogate mothers. The law on civil unions faces its first vote in the Italian Parliament. According to Renzi, the time for hiding is over.

Il Sole 24 Ore – Crisis shakes stock markets and taxes. Risks for the global economy bring back the share index to the 2013 level. Oil and dollar on a downtrend.

POLAND

Gazeta Wyborcza – Diabetes. Three million Poles have diabetes but a million of them do not know they are sick. Medical treatment of diabetes patients costs PLN 3.5 billion. The disease also kills more than 20,000 people a year. The Ministry of Health’s works on the diabetes programme are to take the next year or two.

SPAIN

EL Pais – Sanchez plans to start his investiture during the first few days of March. Rajoy claims he will arrive at the meeting on Friday with the PSOE’s leader and with proposals for a grand coalition.

Expansion – Fear for a global slowdown. United States and Germany join the expected global economic downturn.

The Times – Drink-drive limit facing first cut in a generation. Motorists face being limited to less than a glass of wine or pint of beer before they get behind the wheel, under plans to bring England and Wales in line with Scottish reforms.

The Guardian – Council cuts: PM accused of buying off MPs. Surprise GBP 300m relief fund will benefit areas run by Conservatives.