European Headlines

FT – Fed rate rise risks 1937-style market slump, says fund chief. The US Federal Reserve risks causing a 1937-style stock market slump when it finally moves to raise interest rates, one of the world’s most powerful hedge fund managers has warned.

WJSE – Israeli elections too close to call. Exit polls for Israeli elections on Tuesday showed a virtual tie between Prime Minister Benjamin Netanyahu and his main center left challenger, Isaac Herzog.

France

Le Monde – Navalny’s charge against the Putin system. Russia’s main opposition leader, Alexei Navalny, asserts to “Le Monde” that the assassination of his friend Boris Nemtsov could not have been committed “without authorisation”.

Les Echos – Reforms: Valls faced with scepticism from Brussels. The European Commission awaits commitments from the Prime minister. The executive makes a new corporate-friendly gesture by correcting the Hamon law.

Germany

Frankfurter Algemeiner – Majority of Germans exclusively blame Putin for Ukraine conflict. However, as the survey was predominantly carried out on Internet forums, it does not reflect the opinion of the entire German population.

SudDeutsche Zeitung – €8 billion for the Bundeswehr. In view of the international crisis, the Federal government wants to spend significantly more money on the German army, including modern weapons and additional operations.

Italy

La Republica – Elections in Israel: close call, but Netanyahu already claims victory. According to latest polls, the Likud and Herzog’s Left party are said to have 27 seats each. The Israeli Arab party emerges as the third strongest political force.

Il Sole 24 Hora – Fed: new move on rates, spread soars to 98. As investors fear new rate hikes from the US Federal Reserve, the spread between Europe and the US soared to 98 net percentage points. IMF head Christine Lagarde’s warning over risk of volatility in emerging countries.

Poland

Gazeta – Do not let yourself be cowed! Sergey Kovaliov, a Soviet era dissident, says that Putin is not a purely Russian problem because he is also the European Union’s problem and the EU should be ashamed of its lack of reaction to the annexation of the Crimea and war in Eastern Ukraine.

Spain

EL Pais – Inland Revenue delivers evidence, accusing the PP of tax offences, to the judge. The fraudulent amount has reached €220,167, according to Ruz’s criteria.

Expansion – Legal battle announced for the “Banco Madrid case”. Councilors from law firms Oliva-Ayala and Uría Menéndez. The Bank of Spain auditors hire Gómez-Acebo & Pombo. Clients who are on the Sepblac list prepare the legal strategy.

UK

The Times – Good times to roll with £10bn extra for budget. Booming economy lets Osborne reward workers.

The Guardian – Osborne backs £1bn tidal plan. Chancellor to unveil world’s first tidal lagoon power scheme in today’s budget.

©europeanunion2015