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While Greece seeks to persuade banks to write off part of its debr, an operation known as a "haircut", the EU-ECB-IMF troika is set to announce a 20% wage cut in certain sectors as part of its austerity plan.
General haircut – Eleftheros Typos
According to preliminary reconstructions, the wreck of the cruise ship Costa Concordia on the island of Giglio (Tuscany) on January 14 was allegedly caused by the captain's wish to skirt the coast to salute a friend ashore from the Italian merchant navy. There are at least six victims and 15 missing at the moment.
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A big shipwreck for a small favour – Corriere della Sera
AAA: Germany; AA+: France; A: Spain; BBB+ Italy
Europe demoted – Les Echos
Manuel Fraga, a former minister under Franco, all-powerful ruler of Galicia and founder of the People's Party now in power, died in Madrid on January 15 at the age of 89.
Farewell to architect of democratic right – ABC
Norway, a member of the European Economic Area (EEA) but not of the EU, integrates EU laws without taking any part in determining their content, according to a first report on the influence of EU law on the country.
Democratic fiasco for Norway – Aftenposten
The opposition party Law and Justice (PiS) has called for a new commission of inquiry into the 2010 crash which claimed the lives of Polish president Lech Kaczyński and 95 other prominent personalities. According to new revelations, General Błasik, who allegedly put pressure on the pilot to land in fog, was not in the cockpit.
Smoleńsk is back – Polska The Times
According to Europol, warehouses in several European ports are full of adulterated pesticides from Asia. They are at best ineffective, at worst, dangerous to the environment, farmers and consumers.
Adulterated pesticides threaten EU – Berlingske Tidende
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