Meanwhile large banks in Germany, Switzerland and Britain have more cash than they can put to good use as corporate customers shift their deposits from weaker countries or smaller banks.

ECONOMIST: The euro zone is in intensive care

Meanwhile, Federer helped Switzerland to a 3-2 win over Italy in Genoa to ensure World Group status for another year.

BBC: Spain and Czechs through to final

Meanwhile, developers of rival fully-functioning road-toll systems in Austria and Switzerland are beating a path to his door.

ECONOMIST: Another humiliating blow for German industrial policy