EUROPEAN HEADLINES
FT Europe – Block on Lula stokes street anger as Brazil descends into crisis. Judge stops Rousseff appointing mentor. Wiretaps fuel accusations. Markets rally.
WSJE – Mystery of the missing oil. IEA data can’t account for 800,000 barrels a day of crude, a large part of the global glut.
INYT – Where Europe’s crises collide. A prostrate Greece finds itself a holding pen for refugees as brokers close.
BBC Europe – Turkey scrutinises deal at EU summit. EU leaders are holding talks with Turkish Prime Minister Ahmet Davutoglu in Brussels in an attempt to reach a deal over the migrant crisis. An EU proposal would see Turkey offered financial aid and political concessions in return for taking back all migrants travelling to Greece.
EU leaders have watered down the incentives and correspondents say it is unclear if a deal can be done.
FRANCE
Le Monde – Valls gives civil servants a pay rise before presidential election. On Thursday, the government was expected to offer unions a 1.2% pay rise for civil servants, representing an annual expenditure of 2.4 billion euros.
Les Echos – How CAC 40 giants see the economic recovery. CAC 40 groups’ profits reached €53 billion in 2015. Insee considers that the French economy is resisting in the context of a global slowdown.
GERMANY
Frankfurter Allgemeine Zeitung (FAZ) – Seehofer is on collision course with Merkel’s refugee policy. The Bavarian PM does not rule out a nationwide expansion of the CSU. EU summit starts.
Sueddeutsche Zeitung – EU hopes to reach a deal in the refugee crisis. President Tusk is “cautiously optimistic” at the beginning of the Brussels summit. But doubts remains about whether the deal with Ankara to take back migrants is legally sound.
ITALY
La Repubblica – Let’s stop the ISIS genocide. US Secretary of State John Kerry has accused ISIS of committing genocide towards religious minorities. Italian Foreign Minister Roberta Pinotta: “Libya will not be another Iraq.”
Il Sole 24 Ore – “Clarify the future of the Eurozone.” Draghi: “We need reforms to stimulate demand, lower rates and boost investments.”
POLAND
Gazeta Wyborcza – Women in danger of poverty. Social Insurance Institution (ZUS) warns that restoring lower retirement age, as planned by the Government, will significantly lower the value of pension benefits. Under such a scenario, Polish women, who are soon to retire, will have their pensions reduced by several % and even 40% in the case of currently 40-years-old women.
SPAIN
El País – Errejón is to strike back for Podemos’ control. Iglesias today will look for the support of local leaders to reassert his authority upon the organisation.
UK
The Times – Billionaire Tory backer blacklisted by top bank. Wafic Saïd, the billionaire philanthropist, former arms dealer and Tory backer, has been blacklisted by Barclays and told that it no longer wants him as a client.
The Guardian – Tory rebellion grows over disability cuts. Osborne budget plan to save £1.3 billion would hit “exactly the wrong people.”
©europeanunion2016
