European Headlines
FT – Barclays and RBS speed UK investment bank retreat. Thousands of jobs to go as patience runs out with once-mighty operations.
WSJE – Block “bad deal,” Netanyahu says. Obama responds: Israeli leader offers no alternative to Iran talks.
INYT – Delicate role in French jails. Muslims chaplains face skeptics on all sides in trying to stem radicalism.
France
Le Monde – Silicon Valley, a new Golden Age. Fifteen years after the dotcom bubble, the Nasdaq tech values index surpasses the 5,000 point mark again. The great crash of ‘29 was not overcome until 1954.
Les Echos – Prices: Leclerc buries the hatchet. Michel-Edouard Leclerc tells Les Echos that he will not light a “new fuse”. Negotiations over 2015 prices were, overall, concluded on relatively stable grounds.
Germany
Frankfurter Algemeiner – Union leaders reject SPD proposal on immigration law. Deputy CDU Chairman Thomas Strobl says: “we won’t let it through”.
SudDeutsche Zeitung – The solidarity tax to be reduced. 24 years after the introduction of the solidarity tax contribution, Merkel, Schäuble and Seehofer agree to reduce it progressively starting in 2020. Whether the SPD will agree is still up for debate.
Italy
La Republica – School reform postponed again. Bonus for private schools. From the decree to the draft law, school reform is subject to a new delay. Renzi pledges that the issue of tenure for teachers on precarious contracts will be addressed asap. Education Minister Stefania Giannini confirmed that tax deductions are planned for families who enroll their children in private school.
Il Sole 24 Hora – Broadband: a €6 billion plan. Yesterday, the Italian Council of ministers reviewed and approved a €6 billion set of measures to boost broadband networks and implement ultra-fast broadband grids throughout Italy.
Poland
Gazeta – Poles – the pill-poppers. In 2014, Poles broke another record of expenditures on pills, medications and syrups. This is the result of massive advertising campaigns and a side-effect of the drugs reimbursement reform.
Spain
El Pais – “Given Spain’s unemployment figures, we cannot say that the crisis is over”, Jean-Claude Juncker, President of the European Commission.
Expansion – Sanction for Danone, Nestlé and Puleva for colluding on prices. The National Competition Commission imposed an €88 million fine on dairy companies.
UK
The Times– Muslim sex grooming: call for national debate. Hundreds of young girls abused over 15 years in Oxford.
The Guardian – Phone hacking ‘on industrial scale’ at Mirror. Mass targeting of celebrities known at highest levels of group, court told.
©europeanunion2015
