Today's front pages

Published on 23 July 2012 at 10:07

As interest rates on Spanish bonds reach record highs, the regional governments of Valencia and Murcia have asked for financial aid from Madrid. In order to resolve a “situation of economic emergency”, notes the daily, PM Mariano Rajoy’s government is seeking to accelerate the implementation of reforms agreed upon at the European Council related to the fiscal and banking union. His government is also to force large corporations to advance €2.4 billion in taxes.

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Spain to ask EU to apply fast measures to reduce premium risk – Expansión

Greece is likely to need another €50 billion in aid due to a temporary halt to reforms during this year’s election campaigns, the Munich newspaper reports, adding that Germany and the IMF are not willing to provide more money. German economy minister Philipp Rösler said on Sunday it was “likely” that Greece would not be able to meet the conditions. A “Grexit” is not “frightening anymore,” he noted.

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Greece heading for bankruptcy – Süddeutsche Zeitung

The Greek government is to meet representatives of the EU-ECB-IMF troika this week in a bid to have its bailout conditions relaxed. Finance Minister Yannis Stournaras has promised to end abuses in state management and to reform public administration.

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In the firing line, waste and “deep state” – Ta Nea

Ten large Italian cities with more than 50,000 inhabitants are a step away from crash, reports the Turin daily. At the top of the “black list” are Palermo in Sicily and Naples. Data from the ministry of the interior shows that in the last 2 years the number of municipalities that declared financial difficulties and had a special administrator put in charge has risen from one or two to 25.

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Ten cities at risk of bankruptcy – La Stampa

In the first half of 2012, large Polish cities including Warsaw, Katowice and Gdańsk, have seen the number of companies filing for bankruptcy increase twofold. Experts warn that the second half of the year could be even worse as the Polish economy slows down and more companies have problems with liquidity.

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An avalanche of bankruptcies — companies are folding – Dziennik Gazeta Prawna

French President François Hollande acknowledged his country's culpability in rounding up thousands of Jews to be sent to Nazi death camps during World War II. In remembrance of the Vel d'Hiv round-up of 16 and 17 July 1942, where more than 13,000 Jews were incarcerated before deportation, he reaffirmed France's responsibility, first acknowledged by President Jacques Chirac in 1995.

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Vel d’Hiv, a French crime – Libération

The Ethics Committee of the University of Bucharest has concluded that Romanian PM Victor Ponta copied 115 out of the 297 pages of his doctoral thesis. Ponta has denounced the conclusions as a political attack, evoking the verdict of non-plagiarism by the National Ethics Council, a body appointed by his own government.

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The consequences of Ponta's plagiarism – România libera

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