EUROPEAN HEADLINES

FT – Rich countries to resume growth role as developing nations stumble. World Bank says emerging markets slowdown to last years. Global expansion put at 2.8%.

WSJE – Saudis, Iraq push OPEC over target. Long-time rivals have no plans to cut oil output

INYT – Energy is target as Russia flexes muscle. Warship sail near cable meant to secure power supply for Lithuania.

FRANCE

Le Monde – Manuel Valls, a rough patch. The Prime minister has been in the hot seat since he used a Falcon plane of the Republic to go watch a football game in Berlin with his children

Les Echos – The United-States: new masters of the world’s oil production. According to a report on energy conducted by BP, the U.S. surpassed Saudi Arabia in 2014. The shale gas revolution resulted in a large increase in production in America.

GERMANY

Frankfurter Allgemeine (FAZ) – Washington strengthens mission against the “Islamic State.” U.S. to send more military advisers in Iraq; number of tribal fighters to be doubled.

Sueddeutsche Zeitung – Merkel: where there is willingness, there is a way. The Federal Chancellor urges Greece to cooperate with its creditors. Ahead of a meeting with PM Tsipras and the creditors, the European Commission has suggested a concession.

ITALY

La Repubblica – “Senator Azzollini must be arrested,” the Democratic Party claims. Public prosecutor’s department in Troni called for the arrest of the senator of the new centre-right party (NCD), Antonio Azzollini. He is accused of involvement in a care centre’s bankruptcy. This scandal weakened the parliamentary majority, composed by members of NCD, but the Democratic party chose not to oppose the decision of justice.

Il Sole 24 Ore – Sanctions against Russia and rouble’s low rate cost €3 billion to Italian firms. During the meeting between Italy and Russia in Milan, Vladimir Putin urged Matteo Renzi to lift sanctions, which have a negative impact on Italian companies. The PM replied that he’ll only do it if Minsk agreements are implemented

POLAND

Gazeta – Revolution in the Government. Prime Minister Ewa Kopacz dismissed top-rank ministers from her Government and apologised to Polish citizens for the so-called tapping scandal.

SPAIN

El Pais – Rajoy informed Sanchez that he may bring forward the election date. The head of government has doubts about what to do in order to avoid a failure at general elections.

Expansion– Inditex grows 17% and creates 1,600 jobs in Spain. The textile group earns €521 million and improves its position in every market.

UK

The Times – Osborne to cut losses with £32bn sale of RBS. Chancellor hails the end of biggest bank bailout

The Guardian – Al-Qaida “cut off and ripped apart by Isis.” US wrong-footed by shift in balance of power between warring jihadi groups.

©europeanunion2015