Monday newspaper round-up: Greece, RBS, Altice/Bouygoes Telecom

22nd Jun 2015 06:43

Greek creditors are hoping to secure a deal to stop Athens defaulting and leaving the euro by extending its bailout by six months and supplying up to €18n in rescue funds, writes The Guardian. However, officials stressed that progress hinged on a positive response from Greek PM Alexis Tsipras.RBS is struggling to meet the timetable set by the European Commission to separate and float its challenger bank, with the government potentially having to ask Brussels for more time, according to The Times.The Wall Street Journal says that Luxembourg-based telecoms group Altice has offered €10bn to buy French mobile outfit Bouygoes Telecom, according to rumours.According to The Guardian, a international unit of catering group Compass paid bribes to government officials in Kazakhstan for an unspecified period up to 2011.ITV could take legal action against the BBC over "extremely complex, costly and uncertain" plans for the latter's production arm to compete for commercial contracts, The Telegraph reports.UK PM David Cameron is expected to say on Monday that Britain can cut £12bn from the welfare bill through an "assault on tax creditors for the working poor", the Financial Times writes.Natural-gas pipeline business Williams Cos has turned down a $48bn buyout offer from Energy Transfer Equity but is open to other offers, according to The Wall Street Journal.Xavier Rolet, the head of the London Stock Exchange, has warned about the impact of rising debt and over reliance on regulation on the UK economy, the Financial Times writes. He likened the approval of regulators to "investing in more fire extinguishers as we continue to pour petrol on to the fire".