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Greece's new government is ill. As PM Antonis Samaras needed eye surgery, his Finance Minister Vassilis Rapanos was taken ill and rushed to hospital. Neither will take part in the European Council of 28 and 29 June.
Greece at the doctor’s, euro under observation – Ta Nea
According to a leaked troika report, Athens appointed 70,000 new public service employees in 2010-2011, in violation of its commitments to reduce their number and save money. The Department of Finance has denied this.
Has Greece lied to the Europeans? – Le Figaro
At the 28-29 June EU summit, Berlin is likely to yield to a Spanish request to repay its private creditors prior to paying back into the European Stability Mechanism. Spain's creditors fear they will lose out in case of default and are making it difficult for the country to finance its debt.
Merkel makes key concession to ease bank rescue – El Mundo
For the German weekly European leaders are acting "too little, too late" and "divided on central issues." A eurozone exit for some southern countries would have unpredictable consequences, and would pose great problems for Germany, whose exports would decline following the devaluation of re-introduced national currencies.
When the euro collapses —a scenario. – Der Spiegel
The Italian government has approved a so-called “city plan” to stimulate growth in the country’s cities. 2 billions euro has been allocated for major centres and the plan is expected to create 100,000 jobs.
Growth, here comes the “city plan” – La Repubblica
Poland stands to lose 13bn zlotys (€3.25bn) in EU subsidies if it fails to submit new projects to Brussels in order to modernise its railways. The European Commission granted Poland 21,3 bn zlotys (€5.3bn euros) from 2007 until the end of 2013, but so far has approved projects worth only 39% of this sum.
Poland fights for billions, we are losing the match with EU – Dziennik Gazeta Prawna
The Knesset - the Israeli parliament - has cancelled its invitation to Hungarian parliament speaker László Kövér to attend an August 4 ceremony marking the 100th anniversary of the birth of Raoul Wallenberg, a Swedish diplomat who saved thousands of Hungarian Jews from the Holocaust. Kövér had recently attended a ceremony commemorating Hungarian pro-nazi author Joszef Nyro.
Israel does not want the Speaker – Népszava
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