11/02 – Today’s headlines from across the EU

EUROPEAN HEADLINES

FT Europe – Yellen’s economy warning dims prospects of near-term rate rise. Turmoil threatens US jobs and growth. Fed chair singles out China as central risk.

WSJE – Yellen darkens growth view. Market turbulence, China slowdown cited as risks to rate strategy.

INYT – As Trump builds lead, rivals are left to muddle on. GOP leaders fear race could now span dozens of states and cost millions.

BBC Europe –

FRANCE

Le Monde – Public transport in the Ile-de-France region is on the verge of breakdown. The Court of Auditors says some fifty billion euros needs to be invested into public transports in the Parisian region, which is completely overwhelmed.

Les Echos – Labour inspectorate: the expected changes. The Court of Auditors calls for the modernisation of an organisation which has long been “frozen”. The reform faces the opposition of unions. The Minister promises “firmness”.

GERMANY

Frankfurter Allgemeine Zeitung (FAZ) – Seehofer criticised for his remark about “rule of injustice.” Caffier: playing the game of opponents of democracy. Hasselfeldt: inopportune.

Sueddeutsche Zeitung (SZ) – Seehofer irritates even fellow party members. Bavarian whip in Bundestag Gerda Hasselfeldt calls his statement on the “rule of injustice” in Germany “inopportune.” CSU executives also blame the Prime Minister.

ITALY

La Repubblica – Renzi: “Europe is wrong; Europe is dying of only austerity”. One single Treasury Minister: the PM answers to Scalfari. Padoan says yes.

Il Sole 24 Ore – Cooperative banks and guarantees: here are the new measures applying to the banks. The decree setting out reforms to the small banks, or “credit cooperatives,” was approved yesterday by the government.

POLAND

Gazeta Wyborcza – CHF loaners will be a huge burden for the economy. President Andrzej Duda’s draft bill on the currency change-over of loans, which is to solve problems of hundreds of thousands of heavily indebted loaners in Poland, who hold CHF and EUR, would cost banks PLN 44 billion. The National Bank of Poland warns it would threaten the Polish economy’s stability.

SPAIN

El País – Parties accuse the government of creating a campaign of fear. The PSOE, Podemos, Ciudadanos and PNV condemn the ministers’ statement.

Expansión – Telefónica creates Telxius to optimise its asset portfolio. It will transfer the management of phone towers, submarine fibre cables and data centres to the new company.

The Times – Ukip backs criminals who stand for election. Leaked dossier reveals dark past of candidates.

The Guardian – Met signals a shift in attitude to rape claims. A policy ordering detectives to automatically believe people who claim to have been raped or sexually abused may be dropped.