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Published on 11 June 2012 at 09:42

Spain's prime minister, Mariano Rajoy, is attempting to portray the €100bn bailout of his country's banking system as a “triumph”, and claims that Spain has avoided the type of intervention as happened to Portugal, Greece or Ireland, because the EU is proposing aid to the banking system and not the country itself. Avoiding the term “bailout”, Rajoy argues that Spain’s banks have obtained a “credit line” because “we had been doing our homework”.

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Rajoy: “We have avoided an intervention for Spain” – La Razón

The European bailout of Spain will proceed without direct aid for the country’s banks, dealing a blow to Dublin’s campaign to ease the terms of the Irish bank rescue.

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Spanish bailout conditions setback for Irish hopes – The Irish Times

In the June 10 first round of the French general election, President François Hollande's Socialist Party (PS) and its allies won 46.7% of the vote. The PS now stands to win an absolute majority in the June 17 second round. The conservative UMP won 34.1%, the worst score for the right since 1958. Marine Le Pen’s Front National obtained 13.6% but stands to win only up to 3 seats in the second round run-offs. The abstention rate was 42.77%.

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Left gains clear advantage – Aujourd'hui en France - Le Parisien

Poland plays against Russia on June 12 at Euro 2012 football tournament. A defeat would probably put at end to Poland’s chances of advancing to the next stage of tournament. The clash between “eternal rivals” is seen as something more than a mere football game,writes the Polish weekly. It is also “a political battle with bilateral relations and historical memory in the background”.

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Wake up! Or do you want a Euro without Poland? Russia or death – Wprost

As Europe and the markets sigh with relief and Spain is helped by its partners, the major EU member states are seeking to build a new Europe with fiscal and bank union.

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The new Europe – Kleine Zeitung

According to a Populus poll for The Times, 80 per cent of British voters would like an eventual referendum on the UK’s membership of the EU. Nearly 50 per cent believe that the public vote should take place now, without waiting for European leaders to find a solution to the turmoil pushing continental economies to the brink of collapse.

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Eight out of ten Britons want a vote on Europe – The Times

In the municipal elections of 10 June, Romania's ruling coalition the Social Liberal Union (USL) won over 60% of the country's cities, against just 11% for the centre-right parties. Turnout was 56.38%.

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USL wins all – Adevărul

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