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Nicosia is about to ask the EU for financial aid to re-capitalize the ailing Cyprus Popular Bank, its second largest.
Cyprus close to becoming fourth European country to ask for bailout – Público
A fleet of over 1000 boats took to the River Thames on Sunday June 2nd to mark the Queen’s Diamond Jubilee, confirmed by Guinness World Records as the largest parade of boats ever seen.
Her royal navy – The Times
Spain’s Minister of Finance Luis de Guindos is in talks with Brussels to secure EU financing to recapitalise some of its struggling banks, but wants to avoid full-scale intervention from the EU/ECB/IMF troika.
Guindos negotiates formula with Europe to capitalize banking system – El País
Quoting sources from Germany, Israel and the United States, the German weekly says that submarines Berlin exports to Israel are then equipped with nuclear warheads. It has also emerged that Germany, which has long maintained "no knowledge", knew of the presence of nuclear weapons.
The secret Operation Samson – Der Spiegel
Having hit the headlines in 2011 by building a wall between the Roma district and the rest of his town, Catalin Cherecheș, the mayor of Baia Mare, has moved 2,000 Roma into the premises of a former copper smelter just one week before local elections scheduled for June 10. 22 children were subsequently hospitalised for copper fume intoxication.
Ethnic cleansing in Baia Mare. 2000 displaced Roma in “Factory of Death” – Evenimentul zilei
A dozen Vietnamese immigrants have escaped from a sweat shop that belongs to a prominent Polska Jest Najważniejsza (PJN) party member. Meaning “Poland is Most Important”, PJN is a splinter group from the conservative main opposition party PiS. The immigrants, who used bed sheets to climb down the building, say they were starved, forced into slave labour and physically threatened.
Clothes sweatshop is “the most important” – Gazeta Wyborcza
The European plan to avoid a Spanish bank collapse is ready – 50 to 90 billions euros will be needed - but Madrid is refusing foreign intervention in order to preserve its economic sovereignty. ECB declares itself open to cutting interest rates to revive the economy.
Crisis, bank-saving fund is under way – La Repubblica
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