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06/12 – Today’s headlines from across the EU

EUROPEAN HEADLINES

BBC Europe - French Interior Minister Cazeneuve replaces Valls as PM. French Interior Minister Bernard Cazeneuve has been named as prime minister, replacing Manuel Valls, who resigned in order to make a bid for the presidency next year. Mr Valls presented his resignation to President Francois Hollande on Tuesday. Mr Cazeneuve will be in charge of the Socialist government until June’s parliamentary elections.

FT Europe

Monte dei Paschi warned to brace for state bailout after Renzi defeat

Doubts rise over key €1billion Qatari injection. Bankers run out of private sector solutions.

WSJE

Italien vote adds to banks’ woes

Monte dei Paschi, its recapitalisation plan in doubt, faces prospects of nationalisation.

INYT

Italy rejects reform; premier will resign

Failure of referendum is seen as a victory for anti-Europe populists.

FRANCE

Le Monde 

The unknowns of the post-Renzi period

Matteo Renzi announced his resignation after the victory of the “No” vote in the referendum, epitomised by Beppe Grillo’s campaign.

Les Echos  

Electricity: nuclear warning is lifted

Nuclear authority authorises the gradual restart of six EDF reactors. This green light will limit the risks to security of electricity supply this winter.

GERMANY

Frankfurter Allgemeine

Government crisis in Italy after the rejection of Senate reform

Prime Minister Renzi resigns. President Mattarella: A country with a positive energy.

Süddeutsche Zeitung 

Crisis in Rome worries Europe

“This is bitter for Italy”: Many politicians regret that Prime Minister Renzi failed to reform the heavily indebted country. President Mattarella must now find a way out.

ITALY

La Repubblica

Renzi: “I want the budget vote as soon as possible”

Mattarella slows down the resignation process. “First we have to approve the budget.”

Il Sole 24 Ore

The “No” doesn’t shake stock exchanges or spreads

Mattarella freezes Renzi’s resignation: before the confidence vote expected this week. Hypothesis of elections in February. Eurogroup: the budget needs corrections, but not now.

POLAND

Gazeta Wyborcza 

EU hangs by Italy

Prime Minister of Italy Matteo Renzi said he would step down after his failure in Sunday’s referendum. Europeans ponder how contagious Italy’s problems will be for the rest of Europe.

SPAIN

El Pais 

Northern European countries against the fiscal stimulus package of the EU

The Eurogroup, led by Germany, rejects the European Commission’s fiscal stimulus package.

Expansion 

Inditex to improve online sales by 40%

Online sales have increased to €1.58 billion. Inditex online shops are operating in 41 markets after the incorporation of 12 new countries during the last exercise.

UNITED KINGDOM

The Times 

Britain set to be fastest growing economy in G7

Bank of England governor cautions that “lost decade” of low wage growth could harm society.

The Guardian

New claims of hush money as football abuse scandal widens

Prominent figures still active in the football world have repeatedly been named by players alleging sexual abuse.

 

 

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