EUROPEAN HEADLINES

FT – Eurozone jobless outlook points up fears of persistent stagnation. ECB forecasts double-digit rate even after bond-buying. Deep scars left by debt crises.

WSJE – Berlin, Athens try to ease tensions. The leaders of Germany and Greece used their first bilateral meeting on Monday to defuse the political tensions that have been brewing Berlin and Athens.

INYT – Berlin talks relieve some strain, if not Greek debt. Merkel and Tsipras try to renew trust, but crisis still looms for Athens.

FRANCE 

Le Monde – France to face the test of a three-party system. After the first round of the departmental election, UMP, FN and PS share the political landscape. Bipartisanship is over.

Les Echos – Euro, victim of a massive capital flight. Money is massively leaving the euro area to be transferred to more profitable investments. The European Central Bank’s policy contributed to depreciating the euro by 20%.

GERMANY

Frankfurter Algemeiner – Merkel and Tsipras ease tensions. Greek Prime Minister says Greeks are not lazy and Germans are not to be blamed for our problems.

SudDeutsche Zeitung – Tsipras woos Merkel’s support. On his visit to Berlin, Greek Prime Minister brought reform proposals: changes in pensions and taxes are to convince the German Chancellor to keep supporting Athens financially.

ITALY

La Republica – Truce between Merkel and Tsipras, Schulz states that an agreement can be reached within a week if Athens tones down. Yesterday, the Greek PM and the German Chancellor have met in Berlin to talk about solutions that can be found to overcome the Greek crisis. While Ms Merkel declared she did not make any promise, Mr Schulz showed more confidence.

Il Sole 24 Hora – Pirelli takeover: shareholders seal deal to reduce weight of Chinese buyers. The agreement between old and new shareholders for the takeover of tire-maker Pirelli includes the possibility to introduce a new shareholder in case Pirelli gets delisted. ChemChina’s share would be limited to 50.1%.

POLAND

Gazeta – Russia’s gas no longer so powerful. Ukraine plans to suspend gas purchases from Russia to force it to reduce the prices. Such a tactical gambit of Kiev is possible thanks to gas supplies from the European Union.

SPAIN

El Pais – Judge thinks the PP received illegal funding for 18 years. Ruz closes the preliminary investigation and proposes to judge two of the party’s former treasurers but no leaders of the PP.

Expansion – BBVA: push into US investment banks. It has just hired five new executives who will be in charge of mergers and acquisitions.

UK

The Times – Cameron fires start gun on Tory leadership race. Prime Minister rules out third term at No 10. Turmoil in party after off-the-cut remarks.

The Guardian – Cameron pledge: no third term for me. Dismay that remark will distract party. Picks out May, Osborne and Johnson.

©europeanunion2015