Morning Call: pick of the papers

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

1. Gloomsters buried the euro too soon (Financial Times)

The end point looks likely to be tighter economic union that falls short of political federalism, writes Philip Stephens.

2. Accountancy's Big Four are laughing all the way to the tax office (Guardian)

Accountancy giants are paid huge sums by the state while helping firms strip it of desperately needed tax revenue, says Polly Toynbee.

3. For Cameron aid is not a badge. It’s a mission (Times) (£)

When the PM is compared to Harold Macmillan it’s usually derogatory, writes Philip Collins. But Africa shows them both at their best.

4. The EU has changed Britain – and mostly for the better (Independent)

Besides the money for infrastructure projects, EU membership has given Brits the chance to see how Europeans do things, and what we could do better, says Mary Dejevsky.

5. Time to protect the UK defence budget (Financial Times)

If necessary, aid spending must be used to shore up the MoD, argues an FT leader.

6. Cameron goes where Blair went before – but at what cost? (Independent)

The Prime Minister's decision to send troops to Mali is the product of an ill-defined nightmare of religious terrorism and "gesture" politics, writes Adrian Hamilton.

7. Our Armed Forces can’t survive on a diet of fudge, Mr Cameron (Daily Telegraph)

If the Prime Minister truly wants to confront the threat from Islamists in Africa, he must find the money to increase the defence budget, says Fraser Nelson.

8. Why can't we British make patriotic films like Spielberg's blockbuster? (Daily Mail)

The director's Lincoln is an unembarrassed hymn to the United States, writes Max Hastings.

9. Try to see economic opportunity in our current difficulties (Daily Telegraph)

Times are hard, but blood-curdling warnings about our financial predicament are wrong, argues Jeremy Warner.

10. We can count hard cash, but what is the value of beauty? (Guardian)

In planning, defenders of nature are 'nimbies', opponents 'vandals', writes Simon Jenkins. To end the shouting match we need a new language.

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Election results in Wales: Labour on course to remain the largest party

Despite a shock victory for Plaid Cymru leader Leanne Wood, Welsh Labour will be able to govern without a coalition.

Labour have posted good results in Wales, where the party remains on course to be the controlling force in the Welsh Assembly.

At the time of writing, Carwyn Jones’ party has 24 of the 40 constituency seats, with Plaid Cymru a distant second on 6 and the Conservatives on 5. Among Labour’s notable holds was Gower, which the party lost narrowly at a Westminster level in the 2015 general election by just 27 votes.

There was a surprise victory for Plaid Cymru leader Leanne Wood in Rhondda, where she defeated Labour cabinet member Leighton Andrews with a swing of 24 per cent. Speaking about the result, a spokesperson for Welsh Labour said:

“The Rhondda result is a really tough for us – we’ve lost a great Minister and one of the most respected politicians in Wales. Clearly the huge national profile afforded to Leanne Wood has had an impact, and Plaid seem to have won this seat at the cost of making progress anywhere else in Wales.

“The other results so far have been good. In particular where we are fighting the Tories it shows the local campaigns have been successful.”

Welsh Liberal Democrat leader Kirsty Williams held on to her seat in Brecon and Radnorshire, while Ukip have yet to win any seats (although they are likely to get a few on the regional list).