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During the tense ongoing EU summit in Brussels, Italy and Spain have joined forces. They won an agreement on EU stabilisation funds directly buying sovereign debt from highly indebted countries so as to prevent excessively high borrowing rates.
Spread shield, Monti’s ultimatum – La Repubblica
The prime ministers of Italy and Spain, Mario Monti and Mariano Rajoy, have blocked the adoption of the 120 billion growth pact in a bid to obtain urgent measures for the recapitalisation of Italian and Spanish banks and the purchase of their countries’ sovereign debt.
Spain and Italy hold their against the EU – El Periódico de Catalunya
The Portuguese government offers assurances that if a European super ministry of Finance is established, this loss of fiscal sovereignty to Brussels will be subject to a referendum.
PSD and CDS promise first European referendum – i
A newly minted coin of “1 trust” to illustrate the fact that the crisis in the EU has more to do with the issue of political legitimacy than it does with the economy: citizens, markets and other stakeholders are increasingly wary of the European project.
The currency the EU lacks – Information
With the Euro 2012 final being played in Kiev, the Polish part of the tournament has come to an end. Despite the Polish team’s defeat in the first round, the nation is still a winner with the championships likely to bring Poland profits equaling 2.1-2.7% of the country’s GDP.
What will be left for us after Euro – Polska The Times
The Federal Office for the Protection of the Constitution had a file on the Zwickau cell. However in November 2011, seven days after the suicide of three of the neo-Nazi extremists who were responsible for the death of 10 people, the documents contained in the file were shredded instead of being transferred to police.
Rule of law shredded – Die Tageszeitung
The government’s hospital reform plan, which will involve multiple closures and the extensive restructuring of services, is set to begin on July 1. However, many hospital directors have yet to be informed of the impact the plan will have on their institutions.
Confusion, chaos, fear – Népszabadság
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