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Greece is producing a "perfect storm", writes the Spanish daily, as the political crisis in Athens and Greece’s possible exit from the euro have hiked the risk premium on Spanish debt to 477 points, a new record for Spain.
Euro vertigo – La Razón
As Athens waits to put together a new government, its European partners are suggesting that an exit from the euro is no longer taboo.
The EU is getting ready to say goodbye to Greece – Kleine Zeitung
Speculation over a Greek exit from the eurozone has led to a significant drop in the value of the zloty and in the Warsaw Stock Exchange, which fell by two percent on May 14. The zloty now stands at 4.3 to the euro, as against an average of 4 zloty/euro earlier this year.
Greece hits Poland – Rzeczpospolita
The lack of prospects after the Greek crisis has caused losses of 120 billion euros on European markets. In Italy, Moody's lowered the rating of 26 banks, as the economy fell for the third consecutive quarter.
Europe is striking fear into the stock exchanges. – La Stampa
The Chancellor is denying any responsibility for the defeat of her party in the North Rhine-Westphalia elections. Horst Seehofer, the leader of the CSU, the Bavarianbranch of the Christian Democrats, however, is talking about a political catastrophe and is asking that the consequences for the work of the governing coalition in Berlin be drawn.
Merkel: The vote in Düsseldorf wasn’t about me – Frankfurter Allgemeine Zeitung
The trial of Peter Mangs opened on May 14. The 39-year-old man, compared by the press to the Norwegian killer Anders Breivik, is accused of three murders and 12 attempted murders between 2003 and 2010. Though these victims were all immigrants, he denies being a racist and has pleaded not guilty.
Malmö needs the answer to the question: "Why?" – Svenska Dagbladet
The president-elect has been invested on Tuesday May 6, as 7th president of the 5th Republic. The transfer of power from his predecessor Nicolas Sarkozy took place at the Elysee Palace.
François Hollande, 7th president since 1958 – Le Monde
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