Friday newspaper round-up: Greece, Sky, BHS, RBS
The Greek government has expressed hope of an imminent deal with its EU creditors, despite a warning from the German finance minister, Wolfgang Schäuble, that the country could cut its debts only by leaving the single currency. Athens is in a familiar stand-off with the German finance ministry as it seeks easier repayment terms on its €330bn (£280bn) debt pile, which the International Monetary Fund has described as unsustainable and explosive. - Guardian
The former Labour leader Ed Miliband is leading a campaign for the media regulator Ofcom to launch a full inquiry into Rupert Murdoch’s bid for ownership of the satellite broadcaster Sky. In a letter to Sharon White, the chief executive of Ofcom, Miliband is one of several senior cross-party politicians to demand that the regulator carry out a “fit and proper person” test following 21st Century Fox’s bid for the 61% of Sky it does not already own. - Guardian
Two of the biggest global banks have told French politicians in brutally clear language that Paris has almost no chance of capturing serious business from the City of London without radical reform of the country’s labour code. A special Brexit panel in the French Senate revealed just how difficult it will be for Paris to become Europe’s pre-eminent financial centre once Britain leaves the EU. Any migration of business is more likely to go to Dublin, Frankfurt, or even to New York. – Telegraph
The Insolvency Service has engaged forensic accountants and senior lawyers as it investigates whether former BHS directors should be disqualified. The government last year ordered the service to launch a fast-track investigation into the collapse of BHS, rather than awaiting initial findings from the administrator. – The Times
With most of the world focused on US polling booths on November 8, Royal Bank of Scotland took the opportunity to release the news that it intended to compensate victims of its global restructuring group. For years RBS had denied that GRG had been at the centre of a systematic attempt by the bank to destroy small business customers under the supervision of its turnaround team. – The Times