EUROPEAN HEADLINES
FT Europe – EU ramps up tax fight with rules to claw back profits. Move follows Google deal backlash. US groups reject “aggressive” plans.
WSJE – Zika spread prompts alarm. Virus is “explosively” propagating, UN health agency says.
INYT – Zika virus is spreading “explosively”, WHO says. Urgent meeting is called to weigh declaration of public health emergency.
BBC Europe –
FRANCE
Le Monde – Hollande will do without his Left-wing. The resignation of French Justice Minister Christiane Taubira marks a new victory for Prime Minister Valls, who grows stronger from this episode.
Les Echos – Real estate begins the year spectacularly. Sales of existing homes have returned to the levels reached at the beginning of 2000. Demand starts turning prices up.
GERMANY
Frankfurter Allgemeine Zeitung (FAZ) – Coalition solves dispute over “asylum package II.” Family reunification is suspended for two years. Merkel meets with the Länder’s Minister-Presidents.
Sueddeutsche Zeitung (SZ) – Deutsche Bank cuts bonuses. Due to the record loss of €6.8 billion new CEO John Cryan orders his fellow board members to waiver their bonus. “The society” would not accept any other solution.
ITALY
La Repubblica – Banks sink the stock market: -3.5%. The government’s plan did not convince Milan’s stock market, Piazza Affari, which took a tumble.
Il Sole 24 Ore – European stock markets collapse. Oil saves Wall Street. While European shares dropped because of the economic uncertainty, the oil price rebound around $35 saved Wall Street.
POLAND
Gazeta Wyborcza – 500+ and all the manoeuvring. Tensions over the flagship project of PiS “PLN 500 in social benefit per child” provoke tensions inside of the Government. Yesterday, the Minister of Finance Paweł Szałamacha refused to accept the pertaining draft bill. In the end, however, the draft bill received a green light from the Standing Committee of the Council of Ministers.
SPAIN
El País – Valencia’s PP also funded itself with 3% commissions. The judge investigates into the tenders’ commissions. 50 people have already been charged.
Expansión – Telefónica: €2.9 billion for its redundancy plan. The company makes provisions for its layoff plan but maintains its dividend.
UK
The Times – Students in crisis over poor maths and English. Young people in England are the most illiterate in the developed world and are floundering in maths, according to a global ranking.
The Guardian – EU set to step in over Google tax deal row. Google could be forced to pay more UK tax by the European Union after officials confirmed that they would look into complaints from the SNP and Labour that the tech giant’s £130m settlement amounted to special treatment.
©europeanunion2016
