| EUROPEAN HEADLINES |
| FT – Currencies mauled after China rout. Emerging markets see 15-year low. Brazil, Russia and Colombia suffer steepest falls. |
| WSJE – China lacks a Draghi to ease fears.Wanted in China: a reassuring face to tell panicking investors that everything will be all right. |
| INYT – Greeks shun banks, to thieves’ delight. Hoarding of cash makes for tempting targets as burglaries and scams rise. |
| FRANCE |
| Le Monde – Media moguls prepare for battle in the 2017 election. Patrick Drahi invests in BFM, Bernard Arnault purchases “Le Parisien,” while Vincent Bolloré takes over Canal+. |
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| Les Echos – Tax reductions: French bosses’ warning. Medef and CGPME are worried about the failure to abide by the Accountability Pact, which is to be reviewed by the PS. The government’s statements leave them unconvinced. Of the €41 billion projected tax breaks, €15 billion are yet to be voted in the 2016 and 2017 budgets. |
| Germany |
| Frankfurter Allgemeine – Deutsche Bahn suffers dramatic profit setback. Strikes, storms and increased competition have led to half a billion euro loss, says DB boss. |
| Suesdeutsche Zeitung – Turkey is facing troubled times. Erdogan stopped the dialogue with Kurds, six years after the start of the peace process. Meanwhile he is calling on NATO for solidarity and embarrasses the Western alliance. |
| ITALY |
| La Repubblica – Health: two billion in cuts, new City Council, Marino defies Renzi.The Senate has voted in favour of a reduction in spending for Health, which is to be undertaken in coordination with the regions. It is now the Parliament’s turn to accept these reforms before August 18th. The risk is that some patients might be forced to pay for procedures which were free until now. Marino’s City Council has been reshuffled and the mayor has declared “Renzi is considering what we are doing.” |
| Il Sole 24 Ore – Pesenti sells Italcementi to Heidelberg.The Pesenti family hands over control of Italcementi to the German group HeidelbergCement. The family is expected to sell all its shares: 45%. |
| POLAND |
| Gazeta – Pipes of anxiety. The World Health Organisation recommends raising the excise on cigarettes. A pack would cost over PLN 40 then. Poland’s Finance Ministry says “No.” There are some regions of Poland, where just one in ten smoked cigarettes comes from a legal trade. |
| SPAIN |
| El Pais – Castilla-La Mancha’s regional government declares war on nuclear waste dump.Emiliano Garcia-Page’s government protects the area as a natural site. Villar de Cañas’ inhabitants support the project. |
| Expansion – The Economy Ministry gives a fine to Jaime Botín again.The CNMV hits a new record with a historic €500,000 sanction. |
| UK |
| The Times – Thousands of migrants storm Calais terminal.148 reach Britain in biggest security breach. |
| The Guardian – Alarm of risk to patients of overtired GPs. Royal college chief warns excessive workload raises chance of fatal error.©europeanunion2015 |
