German bank comments in the news

Comments by German Chancellor Angela Merkel over securing the money in German banks make the main headlines.

The Daily Mail describes Ms Merkel's apparent decision to guarantee all private savings accounts as a "devastating act of duplicity".

"Europe in turmoil after Merkel breaks ranks", runs one headline in the Times.

The paper says the unilateral move will also anger the French government, which had tried to create the impression of a common EU front.

Immigration shift

The Independent focuses on the first meeting of the government's National Economic Council.

It describes the body, which will gather in the Cobra briefing room, as an "economic war cabinet".

The Daily Express predicts a "major" U-turn in immigration policy, with the story also making the Daily Telegraph.

It says the new Immigration Minister, Phil Woolas, has suggested that the government might introduce a cap on the number of migrants coming to Britain.

The call on black recruits to boycott the Metropolitan Police amid claims of racism is covered by the Sun and Mail.

Describing his experience in the force, one unnamed officer tells the Guardian he had been treated worse than his parents were in the 1960s.

"Its all very well hidden," he says. "No racist words - you're just never good enough for promotion."

Water waste

The new Business Secretary, Peter Mandelson tells the Financial Times he is "more mature" than before.

The Sun claims that the Starbucks coffee chain wastes 23 million litres of water a day.

This is because staff worldwide have been told to run taps, non-stop, for hygiene reasons.

The Mail and Telegraph have only praise for John and Ann Till from Petersfield in Hampshire.

They paid for their honeymoon flight home from America with air miles earned by recycling litter, collected by trawling streets for bottles and cans.