Beefing up EU's financial supervision
Brussels has laid the groundwork for "the establishment of three pan-EU watchdogs to oversee controls on banks and insurers", reports the Financial Times. On September 2, Europeans agreed on the creation of agencies that, as of next year, will oversee "banks, insurers and securities markets". This will involve "the creation of a European Systemic Risk Council to assess threats to regional financial stability", the daily continues. "The deal comes after months of negotiations between European parliamentarians, who generally favoured handing the watchdogs' substantial powers, and member states, who were inclined to limit their remit.", explains the FT. While details are still being worked out, the agreement will probably become an agenda item at the September 7 meeting of EU finance ministers, and will likely be formally presented to the European Parliament by the end of the month.
As Greece pimps its ancient monuments to bring in the tourists, lovers of cultural heritage are up in arms. But the country is only doing openly what the whole of Europe is: looting historic sites to drum up more ready cash. 
Asserting national values is central to the political project of the Hungarian PM. Since the start of the year, fifteen paintings, specially commissioned for an exhibition in the Castle of Buda, have been putting this ambition on show. 
The game has gone on for nearly two years: Athens pretends to comply with the demands of its creditors and partners, and they pretend to believe in Greece’s commitments. As the spectre of default comes nearer, however, the Greek bluff cannot go on much longer, writes an El Mundo editorialist.