Morning Call: pick of the papers

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

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1. Banks are now the danger, not the safety net (Times) (£)

The UBS outrage clinches the case for reform, says William Rees-Mogg -- but only Germany can resolve the deeper financial crisis in Europe.

2. Of course it's right to ringfence rogue universals (Financial Times)

Martin Wolf argues that it would be folly for France to put taxpayers at risk.

3. Tory thinkers offer a glimpse of life after Cameron (Daily Telegraph)

Individual responsibility will be at the heart of the new Conservatism. Paul Goodman warns that the Prime Minister should take note.

4. Lib Dems' illusions are gone. Now they need imagination (Guardian)

The party members who believe in social justice have to look at the reality of the cuts agenda and find a way out of coalition. says Martin Kettle.

5. The sweet-spot party would win every time (Times) (£)

Voters love Tory toughness and Labour compassion, says Philip Collins. So why doesn't a party that combines these principles exist?

6. A visit that Cameron and Sarkozy might have delayed (Independent)

Yesterday's visit was premature, says this leading article -- particularly while there are allegations of reprisals against suspected Gaddafi supporters.

7. Israel should back a Palestinian state (Financial Times)

The Arab spring has upended the region, says Philip Stephen -- Israel has to adjust.

8. The wake-up call of Baby P (Guardian)

Harry Ferguson maintains that Peter's death has led to social workers who fear risk but are less naive about deceitful abusers.

9. Undeclared gifts - and how they corrode public life (Independent)

Mary Dejevsky commends the Met's decision to publish full details of gifts and hospitality received by the Commissioner and other senior officers.

10. Blighted by soundbite (Guardian)

Relations between the police and government have become corrosive, and ministers know why, says Paul West.