The likelihood of Greece leaving the euro has been growing steadily since early May, when political parties opposed to the austere terms of the country's financial rescue received unexpectedly high support.
Surveys over the weekend showed that Greeks, while angry after more than two years of austerity measures that have seen salaries and pensions cut and new taxes imposed, still prefer Greece to keep the euro currency and not revert back to the drachma.
Financial Times: Spain is considering directly injecting its own government debt into BFA-Bankia to help fund the stricken lender’s €19 billion nationalisation, in an attempt to sidestep borrowing money directly from the bond markets.
The Daily Telegraph: The president of Spanish lender Bankia says the €23.5 billion in state aid it will receive in the country's biggest-ever bank bailout will be treated as an investment to make profit for the government and not as a loan.
Daily Express: Shares in British Airways-owner International Airlines Group could come under pressure on Monday after it emerged Spanish bank Bankia and its parent group are looking to sell their combined 24.2% stake in the company.
Financial Times: The price of olive oil has plunged to a 10-year low as domestic consumption in the top producing southern European countries has fallen because of the economic crisis.
Daily Mail: British investors are set to join the claimants seeking billions of pounds from Facebook and its bankers after the chaotic flotation of the social networking company.
Financial Times: An ambitious multimillion-pound programme to replace NHS Direct with a new 24-hour helpline has come under fire after private sector operators - Capita, Serco and Care UK - boycotted the bidding process and the British Medical Association voted against the scheme.
Financial Times: John Browett, head of Apple’s retail operations who was appointed last month, has received a stock award worth more than $55 million.
The Independent: Stephen Hester, chief executive of RBS, who was awarded a long-term bonus that could result in him being given up to 10.1 million shares in the bank, is set to face angry shareholders at the bank's annual meeting on Wednesday.
Financial Times: Xstrata is this week set to reveal a bonus package worth up to £50 million in an effort to retain Mick Davis, its chief executive, ahead of its merger with Glencore, the world’s biggest commodity trader.
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