EUROPEAN HEADLINES

FT – Door open for December rate rise as Fed wrong-foots investors. Warnings over global economy dropped. Many analysts had predicted further caution.

WSJE – NATO looks to east flank. Alliance in talks to send one or more battalions to countries on border with Russia.

INYT – Children, lost amid tide of migrants. Sent alone or separated from parents on the way, many are traumatised.

FRANCE

Le Monde – Apple’s treasury reaches $250 billion. The multinational now has €250 billion in its treasury (€186 billion) or the equivalent of Portugal’s GDP.

Les Echos – Volkswagen pushed into loss due to emission scandal. The group suffers its first loss in fifteen years following the diesel emissions scandal. With no other choice but to be careful, the car-maker plans to give more importance to increasing its margin instead of its production volume.

GERMANY

Frankfurter Allgemeine – Dispute widens divisions between Berlin and Vienna over refugees. Mikl-Leitner: build fortress Europe. De Maizière outraged. Schäuble defends Merkel.

Sueddeutsche Zeitung – CSU warns Merkel against “real coalition crisis.” Bavarian whip in Bundestag Hasselfeldt denies that the party thinks about withdrawing its ministers from the government.

ITALY

La Repubblica – Cantone: Milan is the moral capital. Rome without antibodies. According to Raffaele Cantone, head of anti-corruption, Milan has taken on “the role of moral capital of the country” while Rome “does not have the necessary antibodies,” at the very moment when the Jubilee of Mercy will take place in the capital on 8th December.

Il Sole 24 Ore – The U.S. Federal Reserve prepares a monetary squeeze. Even the Treasury Bonds “below zero.” The Federal Reserve is keeping its key short-term interest rate at a record low. But it suggested the possibility of a rate hike in December.

POLAND

Gazeta Wyborcza – Income tax threshold pushes society into poverty. Poland’s Constitutional Court has said that the country’s income tax threshold is against the Constitution, because it is too low. It has to grow, in order to exempt the poorest people from paying the PIT.

SPAIN

El Pais – Rajoy reacts and intends to unite parties against secession. The President and Sanchez unite against the declaration of independence. The government wants the constitutional forces to speak before the Congress. Ciudadanos, the PSC and the PP want to impede the vote at the Catalan Parliament.

Expansion – Entrepreneurs ask for secessionists to be stopped. Foment and CEOE call for “political solutions” to maintain “legal security.”

UK

The Times – Secret Fifa deal ruined England World Cup bid. Disgraced Blatter admits 2018 tournament was handed to Russia.

The Guardian – Ministers ignored repeated warnings on Kids Company. Labour and Conservative ministers brushed aside civil servants’ concerns about the finances of Kids Company on six occasions to push through government grants to the charity totalling at least £42m over 15 years, an official auditor’s report has found.

©europeanunion2015