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The office of the Spanish attorney general is investigating the June 2010 merger of the seven saving banks that created Bankia, as the accounts published by the saving banks are allegedly false.
Anti-corruption authority investigates Bankia for suspected fraud and falsehood – El País
A week before the June 18/19 G20 summit in Mexico, Barack Obama has spoken with British PM David Cameron to support "immediate plans" to rescue the eurozone. The U.S. president agrees with German Chancellor Angela Merkel and Italian PM Mario Monti on the need to reinforce "the strength of the eurozone and growth in Europe."
Euro crisis: the whole world is impatient – Le Soir
In response to French daily Libération's "SOS Spain" front page, the conservative newspaper notes that "despite the alarmism of the European press, the markets enjoyed another day of calm and the risk premium fell below 500 points."
Yes, Spain, the spectre of bailout is fading – La Razón
A poll finds that 55% of Germans think it would have been better to keep the Deutschmark. 8 out of 10 Germans also believe that the crisis will affect their savings. However, 7 out of 10 believe the euro still has a future.
Confidence in the euro drops dramatically – Die Welt
The French government has announced a return to retirement at 60 for those who began working at the age 18 or 19, repealing a pension reform of the outgoing Sarkozy administration. This measure will affect 110,000 to 120,000 people and will cost from 1 billion to 3 billion euros between 2013 and 2017.
Retirement at 60 for one out of five – Le Monde
It has fired institutional heads, replaced all school inspectors and repealed pension cuts, but as Romania prepares to hold municipal elections on June 10, Bucharest daily complains that PM Victor Ponta's left wing coalition is not keeping its promise of increasing the minimum wage, pensions, and salaries of civil servants.
The Ponta government, a month of many mistakes and very few economic alternatives – Evenimentul zilei
The Portuguese government approved a set of measures to support youth employment on June 6. They include a fiscal incentive for employers. 344 million euros from EU funds will help finance the plan.
Anti-unemployment measures to favour 89,000 young people but with short term contracts – Diário de Notícias
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