Today’s front pages
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Cyprus
Money not coming but troika is
Cyprus has formally requested EU financial aid to help its troubled banking sector. But before agreeing to pay 3 or 4 billion euros from the European Financial Stability Fund or the European Stability Mechanism, the European Commission, the ECB and the IMF are to study the country's financial situation.
Politis Nicosia -
Spain
Rajoy promises more “tough measures” after requesting bailout from Brussels
The Spanish government has officially requested EU financial aid for its troubled banking sector. The Spanish PM has announced a raft of new measures to clean up public finances, including a VAT hike and raising the age of retirement.
Original article in El País esEl País Madrid -
Greece
Lonely country seeks minister and allies
A few days before the 28-29 June EU summit, Greece's new finance minister Vassilis Rapanos has resigned for health reasons, while incoming Prime Minister Antonis Samaras is unable to attend following an eye operation. Greece will be represented by its president Carolos Papoulias.
Original article in Ta Nea elTa Nea Athens -
Germany
Merkel arms herself against Karlsruhe hearing
In order to head off a ruling by the German constitutional court that invalidates the European Stability Mechanism, the government has decided to have it ratified by a two-thirds majority in both houses of parliament on June 29.
Original article in Süddeutsche Zeitung deSüddeutsche Zeitung Munich -
European Union
Merkel, no to eurobonds, and stock markets slump
Three days before the European summit, markets are nervous as German Chancellor Merkel reaffirms her opposition to eurobonds, and as Spain and Cyprus request EU financial aid.
Original article in La Stampa itLa Stampa Turin -
European Union
Union wants to supervise banks
The most likely outcome of this week’s European Council is not the creation of a United States of Europe or of a European Ministry of Finance, but rather a guarantee for deposits and a common control of banks in order to reassure people holding savings accounts.
Original article in SME skSME Bratislava -
Denmark
Thorning postpones referendum on Europe
The Danish Prime Minister Helle Thorning-Schmidt has announced that there will be no vote on Denmark's EU exemptions in matters of justice and the euro. She had promised a referendum during her election in autumn 2011. Thorning-Schmidt predicts a two-speed EU and considers that Denmark will not be part of the vanguard.
Original article in Politiken daPolitiken Copenhagen






