Newspaper review: Euro storms dominate papers

Media playback is unsupported on your device
Media captionA look at the first editions of the UK papers

Many of the papers welcome the loan initiative by George Osborne and the Bank of England to try to revive the British economy.

But they are not so confident that it will succeed.

Guardian financial editor Nils Pratley says the announcement of billions of pounds of cheap loans had a positive "instant impact" on the markets.

But he warns that many companies are "too terrified" to invest because of fears of a disaster in the eurozone.

New measures

Times columnist Camilla Cavendish writes that this "belated" Plan B may be too little, too late.

She says the decision to leave the risks with banks makes them more unlikely to provide loans to the most desperate companies or individuals.

The Financial Times urges another round quantitative easing by the Bank.

The FT advises the chancellor to come up with new measures such as cutting subsidies for rich pensioners and using the savings to boost investment.

Crisis response

The Daily Mail says David Cameron and European leaders held a conference call to draw up a response to "potentially" disastrous Greek elections this Sunday.

The Sun says the five leaders came up with "a united message" to present to the world in a bid to keep stability.

The Daily Mail says the prime minister and George Osborne will be in the air to Mexico for the G20 summit when the markets open in London on Monday.

But they will be in communication to respond to any crisis, the paper adds.

Lightning strikes

England's thrilling 3-2 football victory over Sweden at Euro 2012 is pictured on most of the front pages.

The stormy weather in Ukraine - an earlier match was temporarily halted by thunder and lightning - is an inspiration for the headline writers.

The Times says striker Danny Welbeck, who scored the winning goal, "has England singing in Ukraine".

"Lightning strikes keep England's hopes alive," says the Guardian in reference to England's comeback from 2-1 down.

Related Internet links

The BBC is not responsible for the content of external Internet sites