“Europe looks for help from China and Russia to bail itself out,” leads Spanish business daily Expansión, writing that “European leaders are fighting against the clock to come up with a watertight umbrella” that can help the European countries in the storm. The Madrid newspaper notes that the EU is negotiating “preventive credits that could help Italy and Spain,” the countries most likely to suffer from a partial Greek default, which could rise to as much as 60 percent of its sovereign debt.
For the daily, the loans from countries like China, Russia and perhaps Norway and the IMF, channelled through a “Special Purpose Vehicle”, may help beef up the European Financial Stability Facility, which could get as big as two trillion euros. This solution would not have to be approved by the German Parliament, which would come as “a relief” to Angela Merkel, remarks Expansión. “Some analysts are worried”, however, “that this money would be coming from countries like China and Russia,” which could be looking for political gain, the paper concludes.
The leader of Greece’s leftist alliance SYRIZA is the new bright hope of Greek politics. Steering a course between pragmatism and the rhetoric of class warfare, he has unsettled Berlin, and not just those who back Angela Merkel's austerity policies. 
Europe’s economic woes have forced us to try to understand the secret Olympian world of global finance. But now that we pay more attention to bond yields and stability mechanisms, isn’t it clear that the experts up on their lofty peaks don’t know what’s going on either? 
This year’s Eurovision Song Contest is hosted by Azerbaijan, a country that is far from being a model democracy. An Estonian journalist takes a critical look at the deferential treatment enjoyed by the regime in Baku.