EUROPEAN HEADLINES
FT – VW scandal sparks sector turmoil. German group says up to 11 million vehicles involved. Shares sold off amid fear of contagion.
WSJE – EU forces through migrant plan. Agreement to make countries take in more people sets stage for acrimonious summit.
INYT – EU pushes through approval of migrant plan. 4 eastern countries vote “no” to apportioning of 120,000 asylum seekers.
FRANCE
Le Monde – Anne Hidalgo demands a law to change the statute of Paris. In a note sent to the President and the Prime Minister, the Mayor of Paris calls out for a deep reform of the capital city.
Les Echos – Volkswagen, Germany is devastated. The scandal has reached a global dimension. The previous crises overcame by the group. To cheat on tests, an easy task.
GERMANY
Frankfurter Allgemeine – VW CEO promises “rapid elucidation.” Company says 11 million vehicles have been manipulated across the world.
Sueddeutsche Zeitung – “Winterkorn will be hard to keep.” Criticism against VW CEO Winterkorn is also growing within the Group. VW admitted having installed cheating software in 11 million vehicles.
ITALY
La Repubblica – Automotive industry: global fraud. Volkswagen asks for forgiveness after it lied on greenhouse gas emissions tests, while Angela Merkel is accused of having been aware of the affair. Cars are being investigated across Europe, including in Italy.
Il Sole 24 Ore – Volkswagen plummets; cheating emission scandal to affect 11 million vehicles. VW share lost 19.82%; German government sent an inquiry committee. According to the newspaper Die Welt, Berlin was aware of the manipulation.
POLAND
Gazeta Wyborcza – Refugees allocated. At the meeting of EU Ministers of Interior, Poland agreed to take in over 5,000 of additional refugees from Syria, Eritrea and Iraq until 2017. Other Visegrád Group’s members raised their objection but were voted down.
SPAIN
El Pais – Volkswagen admits cheating on 11 million cars. The group’s shares collapse following the launching of investigations in several countries.
Expansion – Investors demand anti-independence clauses. They make contracts ironclad to face the political risk in Catalonia.
UK
The Times – Volkswagen in meltdown after faked diesel tests. Drivers face mass recall as share price crashes.
The Guardian – Deal to give homes to 120,000 refugees opens new rift in EU. Divisive compromise angers eastern states and refugee groups.
©europeanunion2015
