Today's front pages

In an interview with Greek televsion four days ahead of national elections, the French president has promised to support Athens, while warning against an Greek exit from the eurozone should Greece fail to honour the terms of its bailout.

Hollande’s commitment to Greece – To Ethnos

The American agency has downgraded Spain’s rating by three notches from A3 to Baa3. This is due to doubts over the viability of the €100bn bailout of Spain’s troubled banking system. Moody’s warned that Spain could be downgraded to junk status in the next three months, when banking audit results are published.

Moody’s downgrade Spanish debt to near junk status – El Mundo

After earning some €15 billion in 2011 and 2012 through low interest rates on its national debt, Germany will probably have a balanced budget as early as 2013. The Hamburg financial daily points out that this gives ammunition to Germany’s critics who would like it to make a greater commitment to rescuing crisis-stricken Europe.

Crisis profits greet Germany – Financial Times Deutschland

In three out of four Polish Euro 2012 host cities - Poznań, Wrocław, and Gdańsk - local governments have accumulated debt exceeding 60 percent over income and investments related to the football tournament. The Warsaw daily notes that some city governments could go into receivership as a result.

Euro 2012 overburdening local governments – Rzeczpospolita

Just a few weeks ahead of the 28-29 June EU summit, controversy rages in Romania over whether conservative President Traian Băsescu or Socialist PM Victor Ponta is to represent his country in Brussels. President Băsescu argues that if the PM is to go as head of state, then the constitution must be amended accordingly. PM Ponta argues that he "has already been invited by Brussels."

Ponta puts Basescu in check — constitution for Brussels – Evenimentul zilei

Following their succesful indictment for corruption of David Rath, ex-governor of central Bohemia, the Czech police are now asking parliament to strip former Defense minister Vlasta Parkanová of her immunity. Parkanová, deputy speaker of the Czech lower house, is suspected of abuse of public office in the purchase of Spanish CASA aircraft for the Czech airforce in 2009.

Police’s appetite grows — Parkanová wanted – Mladá Fronta DNES

The European Commission wants to introduce a ban on fishing in case of overfished stocks. Malta is insisting this would first have to be negotiated with third countries that share these stocks, a position supported by Spain, Italy, Slovenia, Greece, Cyprus, Romania and Bulgaria.

EU row over fish controls – The Times of Malta