European Press Roundup: The U.K.'s Lack of Lessons From Carillion, and a No-Confidence Vote in Greece

In Europe today, markets are up despite weak German growth figures, and U.K. Prime Minister Theresa May likely faces a heavy defeat in parliament over her Brexit deal. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

The lifetime value of contracts outsourced by the U.K. government rose 53% over the past year to GBP95 billion, according to data provided by the GMB union. This increase means the government hasn't learned its lesson following the collapse of outsourcing and construction company Carillion PLC last year, the union says. -The Guardian

Greek Prime Minister Alexis Tsipras and his ruling left-wing Syriza party will face a vote of no confidence at midnight Wednesday after the Greek parliament launched proceedings to determine whether Tsipras and Syriza can stay in power. -Kathimerini

OMV board member Manfred Leitner says he is optimistic the North Stream 2 pipeline will begin operating this year despite the threat of U.S. sanctions, as Europe's growing gas import needs and CO2 emissions targets make increasing gas production via the pipeline unavoidable. -Der Standard

British outsourcer Capita PLC expects to lose "a considerable sum of money" on a contract with the U.K.'s Ministry of Defense to recruit soldiers due to financial penalties imposed for missing targets and investments in technology, Chief Executive Jonathan Lewis told lawmakers Monday. -The Times of London

The president of the German Savings Banks' Association Helmut Schleweis is working on a plan to prevent the winding up of the beleaguered NordLB regional bank should talks with financial investors on NordLB's future collapse. Schleweis wants leading public institutions to strengthen NordLB's capital stocks, becoming shareholders in the bank as a result. -Handelsblatt

Spain's proposed 2019 budget raises taxes on large companies and high-earning individuals, helping the country boost its tax revenue by EUR20 billion, a 9.5% increase from last year. -Cinco Dias

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(END) Dow Jones Newswires

January 15, 2019 07:25 ET (12:25 GMT)

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