EUROPEAN HEADLINES
FT Europe – ECB cuts rates and boosts QE to ratchet up eurozone stimulus. Option kept open on further reduction. Cheaper loans soften banking impact.
WSJE – Europe sharply increases stimulus. ECB unveils package of rate cuts, bond purchases and new loans for banks.
INYT – How to explain Trump to your children. Candidate’s raucous style and sexual boasting pose a challenge for parents.
BBC Europe – Ex-Putin aide Mikhail Lesin died of ‘blow to the head’. A former aide to Russian President Vladimir Putin, who was found dead in the US last year, died of a blow to the head, officials say. Mikhail Lesin also had blunt force injuries to the neck, torso, arms and legs, Washington DC’s chief medical examiner said. The 57-year-old was found at the city’s Dupont Circle hotel in November. Lesin was former Russian press minister and a one-time head of the powerful Gazprom-Media Holding group.
FRANCE
Le Monde – French youth on the verge of breaking from François Hollande. Student and college student organisations call for new demonstrations against the El Khomri labour reform.
Les Echos – The ECB risks it all to boost growth. Zero rates, bond purchases, loans for banks: a new package of measures. Tepid response on stock markets as doubts remains regarding the plan’s effectiveness.
GERMANY
Frankfurter Allgemeine Zeitung (FAZ) – Security experts accuse Moscow of systematically weakening the EU. Propaganda and political influence. MP Sensburg: Russia uses Snowden.
Sueddeutsche Zeitung (SZ) – The EU wants to cut alternate escape routes. The Balkan route is closed – Italy and Bulgaria now want to avoid becoming transit countries. Less than 500 refugees arrive every day in Bavaria.
ITALY
La Repubblica – ECB: the Draghi avalanche. Yesterday, the ECB launched a new shock therapy. Mario Draghi has decided to cut the main interest rate to 0% and to expand the Quantitative Easing programme to €80 billion per month.
Il Sole 24 Ore – ECB cuts rates and boosts QE. Draghi: measures for growth. Stock exchanges on the rise and then slow-down (Milan -0.5%), the Euro jumps to $1.12.
POLAND
Gazeta Wyborcza – Attempt to outtalk Venice. Today, the Venice Commission passes its final opinion on the Constitutional Tribunal issue in Poland. The Polish Government sends a large delegation to convince the Commission that a “good change” in Poland is genuine. If the representation fails, Law and Justice (PiS) will probably ignore the opinion.
SPAIN
El País – The majority at the Congress rejects the agreement between the EU and Turkey. The government insists that Rajoy has not to submit to MPs’ control while in duty.
UK
The Times – Obama lays blame for Libya mess on Cameron. President Obama launched an extraordinary attack on David Cameron last night for allowing Libya to deteriorate into lawlessness and become a haven for Islamic State.
The Guardian – Labour plan to borrow billions for investment. Labour would borrow billions of pounds to fund public investment projects, while exerting an “iron discipline” over day-today spending, shadow chancellor John McDonnell has said.
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