Papers breathe wary sigh of relief

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For the first time in a long time, relief and optimism rather than doom and gloom sum up the mood of the papers' headline writers.

"At last, the world fights back as one" - declares the Independent in response to the wave of international action to address the global financial crisis.

The Guardian features a City of London skyline under the headline, "Day The Markets Breathed Again".

While the Daily Telegraph's economics editor believes it may be going too far to conclude this is the beginning of the end of the crisis, he says - for the first time in weeks, if not months - the markets have had an adrenalin shot of confidence

Nationalised banks

Page after page is given over to the government's £37bn bank bail-out.

Remember the date, the Independent tells its readers, Monday 13 October was one of the blackest days in British banking history.

The Daily Telegraph's front page features a picture of the door to 10 Downing Street.

The "First Lord of the Treasury" letterbox inscription is followed by the caption "and now in control of three high street banks with more than 40 million customers".

In memorium

The Daily Mail says Britain has a right to be outraged that the banks are turning to taxpayers for rescue from the consequences of their greed.

The Guardian says the bail-out equates to 3,240 new schools, 31 aircraft carriers or eight London Olympics.

A picture in the Times captures the City mood - a tribute posted to a lamp post adorned with flowers reads, "In loving memory of the boom economy".

Cards left at the scene remember repossessed homes and Ferraris.

Romance skills

In normal times, the government's decision to shelve 42 days pre-charge detention would have been big news.

While the Daily Mirror welcomes the House of Lords' rejection of the proposal, the Sun believes it is an opportunity missed.

Meanwhile, a study featured in the Daily Express suggests the romance skills of men seem to improve with age.

It found when a man reaches his 50s, he will be wiser about the things which please a woman.