Ahead of the next Eurogroup meeting on July 20, Angela Merkel has dampened the Italian government’s expectations saying that “there will be no solidarity without controls” in Europe. During an interview with ZDF television, the German chancellor also said that the question of future bank bailouts in Europe has not been decided yet.
Crisis, Merkel warns Europe – La Repubblica
Spanish regions with cash flow problems can request aid from central government via a new €18 billion mechanism called the Regional Liquidity Fund (FLA). Treasury minister Cristobal Montoro’s initiative will see Treasury officials visit the rescued regions, establish payment in tranches and set financial and fiscal conditions, as has been done in Greece, Ireland or Portugal.
Montoro’s “Men in Black” to control rescued regions – El País
Reporters from British tabloid The Sun have tracked down the most wanted Nazi criminal in the world to a residence in Budapest. 97-year-old László Csatary is accused of complicity in the deaths of 15,700 Jews during World War II. He was police chief in the ghetto of Košice (Kassa in Hungarian), a Slovakian city at the time annexed to Hungary. There has been an arrest warrant out for Csatary since September 2011.
British newspaper finds Hungarian Nazi living in country – Népszava
Five days before the next EU report on the progress of judicial reforms in Bulgaria, the Supreme Judicial Council (VSS) has fired Miroslava Todorova, Chair of the Bulgarian Judges Association and Judge at the Sofia City Court. Todorova, a fierce critic of Interior Minister Tsvetan Tsvetanov, has often questioned the independence of the VSS. Her dismissal has caused an unprecedented protest from Bulgaria's judges.
Impudence suicidaire – Kapital
Swiss banks, under pressure from U.S. officials who track tax evaders placing funds in foreign banks, notably Swiss ones, have agreed to send thousands of names and documents of employees who manage portfolios for U.S. clients. These employees could be prosecuted for aiding and abetting tax evasion.
Bank: new strain to legal system scandalises lawyers – Le Temps
With the Olympic Games opening on July 27, hundreds of uniformed Olympics officers will begin touring the United Kingdom today enforcing sponsors' multimillion-pound marketing deals. Almost 300 enforcement officers are to ensure that firms are not staging "ambush marketing" or illegally associating themselves with the Games at the expense of official sponsors such as Adidas, McDonald's, Coca-Cola and BP.
Britain flooded with 'brand police' to protect sponsors – The Independent
FIFA president Sepp Blatter has suggested that Germany's hosting of the 2006 World Cup was secured through bribes and corruption. During the vote on the venue, a FIFA member walked out at the last moment, allowing Germany to be chosen ahead of South Africa by 10 votes to 9. The German organisers angrily deny the allegations.
World Cup 2006 allegedly bought – Süddeutsche Zeitung
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