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Morning Call: pick of the papers

The ten must-read pieces from this morning's papers.

1. End this masochism in economic policy (Financial Times)

Prolonged stagnation and high unemployment will permanently lower the economy's potential, writes Martin Wolf. But there is an alternative.

2. The welfare reform bill will incentivise people: to turn on David Cameron (Guardian)

David Cameron's cuts have barely got going yet, writes Polly Toynbee. That's the frightening truth about austerity.

3. If Labour ditched David and Ed Miliband, it could actually win an election (Daily Telegraph)

Labour holds all the cards, but its leadership doesn't know how to play them, says Fraser Nelson.

4. Ed shouldn't get too excited about François (Times) (£)

If Hollande wins in France and Obama in the US, it doesn't follow that the Left in Britain would regain power, writes Philip Collins.

5. Red light for bonuses at Network Rail (Daily Mail)

Sir David Higgins and his Network Rail colleagues should waive their bonuses, argues a Daily Mail editorial.

6. An alarming outbreak of constitutional vandalism (Daily Telegraph)

The Conservatives should know better than to tinker with the constitution, says a Daily Telegraph editorial.

7. My solution to the Falklands problem: sell them (Independent)

I doubt we have much stomach for another war in the south Atlantic, writes Philip Hensher. And we need the money.

8. Alain de Botton's atheist temple is a nice idea, but a defunct one (Guardian)

De Botton's atheist temple call does not need to be realised - our existing places of worship can be appreciated by all, argues John Gray.

9. Israel will not pull out of the next Middle East war until Hizbollah is annihilated (Daily Telegraph)

The tension on the Lebanese border is palpable as sworn enemies flex their military muscle, writes Con Coughlin.

10. Egypt's generals will soon hear the final whistle (Independent)

If the British tend to believe in the cock-up theory of history, in the Middle East it's the opposite, says Adrian Hamilton.