Public Affairs Networking
12/05 – Today’s headlines from across the EU


FTGSK chief warns of bad medicine in pharma M&A. Witty fears cheap money has “stretched” valuations in USD 460 billion drugs deal boom.

WSJEOPEC sees no return to USD 100 oil. The Organisation of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at USD 100 a barrel again in the next decade, a pessimistic assessment that has the group considering the return of production limits to influence the market, according to people familiar with its latest strategy report.

INYTRefugees land in Malaysia. Migrants in a police van in Langkawi, Malaysia, on Monday. They were among more than 1,000 people who were rescued or swam to shore in Malaysia and Indonesia in what appears to be a sign of an accelerated exodus of Rohingya Muslims from Myanmar and Bangladesh.


Le MondeHollande’s visit in Cuba, symbol of a changing country. The opening of the Cuban market and cultural exchanges are the key issues of the French President’s historic visit.

Les EchosEmployment: France wants to support apprenticeship. The number of new apprentices decreased once again, by 13% for the first quarter of 2015. A meeting is taking place this Tuesday in Matignon to revive a weakening apparatus.


Frankfurter AllgemeineMerkel says she acted out of full conscience as regards the BND affair. The Federal Chancellor rejects cheating accusations.

Sueddeutsche ZeitungEU divided about refugee quota. Countries with a strong economy are to absorb more asylum seekers. This is one of the criteria Brussels wants to implement. However, Great Britain, Poland and Hungary say no.


La RepubllicaEU to Italy: “Yes to more flexibility, but reforms have to be implemented shortly.” The European Commission gave the green light to the Italian government’s reform plan with only one condition: avoid wasting time. Reforms must come into force this year.

Il Sole 24 Ore – Vegas: “QE causes a risk of speculative bubble.” The Consob President (national commission for societies and stock market) Giuseppe Vegas fears a financial bubble and issues a warning: “The cash flow on markets generated a rise of stock prices”. Mr Vegas added that for SMEs, a new form of financing was essential.


GazetaKukiz to play the run-off. The two main rivals in second round of Presidential elections, Bronisław Komorowski and Andrzej Duda, started the race for voters of Paweł Kukiz. Mr Komorowski announced referendum on single-mandate constituencies and Mr Duda invited Kukiz to a meeting. Kukiz turned down the invitation.


El PaisThe PSOE focuses on victory in regions. The party’s leaders assume that it will be difficult to keep control of big cities and regional capital cities.

Expansion1% wage increase. The management and trade unions came to a preliminary agreement. Wages may rise 1% in 2015 and up to 1.5% in 2016.


The TimesCameron’s shot across the bows on the BBC. David Cameron fired a warning shot at the BBC by choosing a fierce critic to take charge of deciding its future amid Tory anger over the corporation’s election coverage.

The GuardianPM hops on the fast-track to EU referendum in 2016. Emboldened PM plans to hold poll a year early. Tory majority a “mandate from the electorate.”


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