Today's front pages

For the fourth consecutive day, about 8,000 people — among them politicians, students, activists, pensioners — demonstrated against the government in Bucharest. Pro-government daily Evenimentul Zilei characterises these anti-austerity protestors as "profiteers".

Fourth day – Evenimentul zilei

The credit rating downgrade of nine eurozone states weakens the single currency as member states seek to raise up to €810 billion on the sovereign debt market this year.

Eurozone rescue threatened – Le Monde

Lower salaries, rising consumption and innovative industry are the main assets of the German economy.

What makes Germans so big and strong – Die Presse

According to estimates, the black economy cost the Portuguese state €40 billion in 2011. A situation that could worsen with austerity and tax hikes.

Black market is worth 19 years of unemployment benefits – Jornal de Notícias

The French president, on a visit to Madrid, expressed support for the "courageous decisions" taken by the new Spanish Prime Minister, who in turn expressed support for the former's proposed tax on financial transactions.

Rajoy and Sarkozy show their agreement on crisis – La Vanguardia

According to economists, the downgrading of several eurozone states countries will create 45,000 new jobs in Denmark, renewing the competitiveness of national companies and the Danish krone.

Freefall euro boosts the economy – Børsen

Croatia's ex-PM Ivo Sanader, already imprisoned for corruption, has been implicated in a new scandal, in which he allegedly received money from a subsidiary of the German car manufacturer.

Ivo Sanader received €2.5 million in bribes from Daimler – Večernji list