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The paper clip, 30 May

Wednesday 30 May 2012

An earthquake in northern Italy has killed at least 16, writes La Stampa, just a week after another tremor in the same region. Corriere della Sera also has a report.

François Hollande, France's president, has raised the possibility of military intervention in Syria, but only with a mandate from the United Nations, writes the Frankfurter Allgemeine Zeitung. For the time being, however, the international response to last weekend's massacre in Houla has been limited to diplomatic measures: at least 11 countries, including Britain, France, Germany and the US, have expelled Syrian ambassadors, writes the New York Times.

The European Central Bank has rejected a plan by the Spanish government to recapitalise Bankia, a savings bank, with billions of euros in new government bonds, writes El País.

Spain's ailing banking sector is pulling down the country's economy, writes Germany's Handelsblatt.

Greece's biggest lender, the National Bank, has produced a report warning that per-capita income in the country would fall by 55% if there is a return to the drachma. Kathimerini has a report.

The Greek energy market's liquidity problems are going from bad to worse and waiting for the national election to take place next month is no longer feasible, according to the Public Gas Corporation (DEPA). Kathimerini has a report.

Hungary has changed a controversial law on the central bank under pressure from the EU and the International Monetary Fund, writes Die Presse.

German leaders will have to choose between a shipwreck and a change in course, writes a commentator in the Financial Times about the eurozone crisis.

The 2.4% rise in the EU's greenhouse-gas emissions has beenn blamed on cold winter and economic recovery in some areas, the UK's Guardian writes.

In the Guardian, a UK constitutional expert (and former tutor of UK Prime Minister David Cameron) writes that the UK's culture minister, Jeremy Hunt, must stand down in connection with his handling of Rupert Murdoch's bid to take control of the pay-tv service, BSkyB. The ministerial code is unequivocal, he writes; at the very least Hunt is guilty of gross incompetence and unfit for office.

A commentator in the Guardian looks at the history of U-turns by the British government – and concludes that the climbdowns show the strength of coalition government.

Poland's Gazeta Wyborcza looks at racism in Polish football, following on from a BBC documentary.

Le Monde reports that France's labour ministry has predicted there will be no let-up in unemployment over the summer.

Corriere della Sera writes that the wife of Italian Prime Minister Mario Monti has undergone surgery.

Libération reports that the French government is trying to invalidate a last-minute bonus of €400,000 paid to former Air France CEO Pierre-Henri Gourgeon on Thursday.


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