Today’s front pages
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ItalyRome-Paris, axis for euro
Meeting in Paris, French president François Hollande and Italian prime minister Mario Monti reaffirmed their commitment to do everything in their power to “defend, preserve and consolidate” the eurozone and to implement the decisions taken at the June 28-29 European summit. Monti showed optimism saying that he sees “light at the end of the tunnel”.
Original article in La Stampa it LinkLa Stampa Turin -
EconomyEurope: economic breakdown spreads
To the recession in Spain can now be added disastrous figures in the French construction sector and the first rise in German unemployment since February. Latest figures from Eurostat show that the eurozone unemployment rate stood at 11.2% in June.
Original article in La Tribune fr LinkLa Tribune Paris -
SpainCatalonia and Andalusia no-show at crucial moment for euro
As Spain struggles to cope with its spiralling debt and banking crisis, representatives from the autonomous regions of Catalonia and Andalusia failed to attend a meeting of the Spanish Fiscal and Financial Policy Council — a forum for Treasury Minister Cristóbal Montoro to meet his regional counterparts. Two other regions, Asturias and Canary Islands, voted against the deficit limit at 0.7% of each regional GDP for 2013 set by central government for the country’s seventeen regions.
Original article in El País es LinkEl País Madrid -
PolandGerman recession is coming. Rebound effect threatens us.
According to Hans-Werner Sinn, president of Ifo, Germany’s largest economic institute, Germany will slip into recession in the second half of the year. This is bad news for Poland, as 25% of its exports goes to its western neighbour.
Original article in Dziennik Gazeta Prawna pl LinkDziennik Gazeta Prawna Warsaw -
GreeceSuddenly, government stalls
Negotiations between Greece's ruling coalition partners to come up with an additional €11.5 billion in savings for 2013 and 2014 have stalled after several days of talks. PASOK (Socialist) and the Democratic Left are refusing to slash wages and pensions, measures which conservative Prime Minister Antonis Samaras wished to present to the EU-ECB-IMF troika in return for further financial aid.
Original article in To Ethnos el LinkTo Ethnos Athens -
RomaniaPolitical war is over, economy must be revived
As Romanian PM Victor Ponta admits defeat after his failed referendum to impeach his arch rival President Traian Băsescu, the latter has invited the ruling centre-left coalition to focus on the economy, which has been weakened by the political crisis, notably the national currency.
Original article in Evenimentul zilei ro LinkEvenimentul zilei Bucharest -
BelgiumImpossible release
A court in the town of Mons, in Wallonian Belgium, has approved parole for Michelle Martin. The companion and accomplice of Marc Dutroux, who kidnapped, raped and killed several girls in the 90s, Martin could leave jail within a month in order to enter a convent run by the Order of Saint Clare. She has already served 16 out of a 30 year sentence. The Belgium daily recalls this national trauma — "The Dutroux affair is a crime that society will not forgive" but notes that "ordinary penalties apply to extraordinary cases, the only guarantee that justice is the same for all."
Original article in Le Soir fr LinkLe Soir Brussels
