EUROPEAN HEADLINES

FT Europe – Day of turmoil as negative rates strike fear into global markets. Fed chair Yellen seeks to reassure Senate. Gold makes biggest one-day gain since crisis.

WSJE – Ubzero rates deepen fear of slowdown. Negative interest rates are crimping bank profits, amplifying fears of a wide economic slowdown and leaving central banks with few, if any, ways to ride to the rescue.

INYT – Chirp from black holes validates Einstein. Sound of cosmic collision offers direct evidence of gravitational waves.

BBC Europe – EU gives Greece deadline on borders. The European Union has given Greece three months to fix its border controls, in a move that could allow other Schengen zone states to maintain internal border controls. Two weeks ago, a draft report found that Greece had “seriously neglected” its obligations to control the external frontier of the border-free zone.

FRANCE

Le Monde – Hollande faced with a split left wing. Nearly half of Socialist MPs have refused to approve the bill which proposes to have the state of emergency and the stripping of nationality included in the Constitution.

Les Echos – The reasons explaining this market crash. Seven keys to understanding the market turmoil. In the euro area, Portugal is of major concern. Banks under attack, Société Générale is plunging.

GERMANY

Frankfurter Allgemeine Zeitung (FAZ) – NATO  immediately begins maritime surveillance in the Aegean Sea. Naval force under German leadership. Greens criticise helpless activism.

Sueddeutsche Zeitung (SZ) – USA pushes for ceasefire in Syria. At a meeting of Foreign Ministers in Munich, Americans want to commit Moscow to an immediate nationwide ceasefire. Russians are basically willing to negotiate.

ITALY

La Repubblica – Great chaos on stock exchanges. EU: Juncker stops Renzi. Milan loses 5.6%. Fed: ready for negative rates. Oil: OPEC moves itself.

Il Sole 24 Ore – Stock markets and oil collapse, spread increases. Wednesday’s euphoria was a short respite, as on Thursday European stock markets backed down, with Milan losing 5.63%.

POLAND

Gazeta Wyborcza – Einstein was right. Scientists from Europe and USA announced yesterday that they had detected gravitational waves. It is one of the biggest achievements of this century, validation of Einstein’s theory and certain candidate for Nobel Prize.

SPAIN

El País – Einstein was right. The detection of gravitational waves confirms the “cosmos’ sound” and opens a new era for the observation of the universe.

Expansión – Telefonica links its employees to client satisfaction. Alierta expects the group to triple the number of clients, already over 300 million. The telecom operator‘s shares upgraded by 35% since 2012, and the President forecasts a further increase.

UK

The Times – Turkey threatens Europe with millions of migrants. Europe faces another huge influx of migrants after Turkey threatened to “open the gates” for millions of refugees on its soil yesterday.

The Guardian – Doctors vow to fight on after Hunt imposes new contracts. Saturdays will be part of core working hours for NHS medics.

©europeanunion2016