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    European Business & Economy Headlines
    FTSE 100 plunges on bank failure (AFP)

    A businessman walks past the London Stock Exchange. The leading stock exchange nosedived by more than 5 percent as the nationalisation of Bradford & Bingley rattled investor hopes that the financial crisis can be contained by a massive US bailout plan.(AFP/File/Shaun Curry)AFP - The leading stock exchange nosedived by more than 5 percent on Monday as the nationalisation of Bradford & Bingley rattled investor hopes that the financial crisis can be contained by a massive US bailout plan.


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    Mon, 29 Sep 2008 17:13:49 GMT - Yahoo! News: Business - European Economy
    European bank giant Fortis partially nationalized (AP)

    Fortis Bank CEO Filip Dierckx walks behind, from left to right, Dutch Finance Minister Wouter Bos, Belgium's Prime Minister Yves Leterme, and Belgian Finance Minister Didier Reynders at the start of a media conference at the Prime Minister's office in Brussels Sunday Sept. 28, 2008. The Belgian prime minister says the troubled Dutch-Belgian banking and insurance giant Fortis NV will be partially nationalized. Prime Minister Yves Leterme says the deal was reached during talks Sunday between EU and national banking officials and ministers from the Belgian, Dutch and Luxembourg governments. The deal will see the three governments pour euro11.2 billion (US$16.4 billion) into the bank. (AP Photo/Virginia Mayo)AP - Dutch-Belgian bank and insurance giant Fortis NV was given a 11.2 billion euro ($16.4 billion) lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg, officials said Sunday.


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    Sun, 28 Sep 2008 22:53:35 GMT - Yahoo! News: Business - European Economy
    Crisis boosts urge to regulate in Europe (AP)

    France's President Nicolas Sarkozy, left, welcomes Venezuela's President Hugo Chavez at the Elysee palace  in Paris, Friday, Oct. 26, 2008.(AP Photo/Michel Euler)AP - In France, President Nicolas Sarkozy says the death knell has rung for freewheeling, U.S.-style capitalism. German's finance minister calls it downright "dangerous." Even the leader of more Wall Street-friendly Britain says financiers need closer watching, maybe on a global scale.


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    Sat, 27 Sep 2008 11:19:45 GMT - Yahoo! News: Business - European Economy
    Report: Minister forecasts cut in German growth (AP)
    AP - Germany will probably have to cut significantly its economic growth forecast for 2009 amid fallout from the global financial crisis, the country's economy minister was quoted as saying Saturday. -- read full article
    Sat, 27 Sep 2008 15:39:31 GMT - Yahoo! News: Business - European Economy
    Fortis names new CEO after shares plunge (AP)

    Fortis head office in Utrecht, Netherlands, Friday Sept. 26, 2008. Fortis NV plans to raise up to US$14.6 billion by selling assets in a move to improve its financial underpinnings, the chief executive of the Dutch-Belgian banking and insurance company said Friday, seeking to reassure customers and investors. Fortis shares fell 10 percent to 5.84 euros (US$8.21) in midday trading in Amsterdam, slightly above 52-week lows reached on Thursday. Its shares have lost more than two-thirds of their value since January. (AP Photo/Peter Dejong)AP - Fortis NV named a new chief executive officer on Friday, after the banking and insurance company's shares fell 21 percent over worries about its solvency.


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    Fri, 26 Sep 2008 19:28:52 GMT - Yahoo! News: Business - European Economy
    FTSE slumps amid uncertainty over US bailout (AFP)

    A large computerised display of the FTSE 100 index in London. The leading share index fell sharply into the red after the proposed $700 billion bailout of the US financial sector hit an impasse amid political wrangling in Washington.(AFP/File/Shaun Curry)AFP - The leading share index fell sharply into the red on Friday after the proposed $700 billion bailout of the US financial sector hit an impasse amid political wrangling in Washington.


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    Fri, 26 Sep 2008 17:23:59 GMT - Yahoo! News: Business - European Economy
    Fortis names new chief executive (AP)
    AP - Fortis NV says it has named a member of its managing board as chief executive, giving the troubled bank and insurance company its third CEO in as many months. -- read full article
    Fri, 26 Sep 2008 18:40:46 GMT - Yahoo! News: Business - European Economy
    French leader says markets neared catastrophe (AP)

    French President Nicolas Sarkozy gestures as he delivers a speech during an address in Toulon, southern France, Thursday, Sept. 25, 2008. French President Nicolas Sarkozy gave a widely awaited speech Thursday on the national economy and world financial crisis, amid looming questions about how he is to accomplish promised reforms while French growth is shrinking. (AP Photo/Claude Paris)AP - French President Nicolas Sarkozy said Thursday the world came within "a whisker of catastrophe" during the recent financial crisis and that those responsible for the crisis must be identified and held accountable.


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    Thu, 25 Sep 2008 20:31:02 GMT - Yahoo! News: Business - European Economy
    British premier, US president plan economic talks (AP)

    US President George W. Bush (R) talks with British Prime Minister Gordon Brown prior to the working session of the G8 summit in the lakeside resort of Toyako on Hokkaido island in July 2008. US President George W. Bush will welcome British Prime Minister Gordon Brown Friday for talks on the economic crisis, Iran, Iraq, and Afghanistan, the White House said Thursday.(AFP/POOL/File/Shizuo Kambayashi)AP - British Prime Minister Gordon Brown offered support for U.S. President George W. Bush's economic rescue package Thursday, a day before the two leaders plan to meet in Washington to discuss the global turmoil.


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    Thu, 25 Sep 2008 21:54:01 GMT - Yahoo! News: Business - European Economy
    European stocks drop on US bank bailout concerns (AFP)

    A computerised display of the FTSE 100 index in London. Europe's leading stock markets sank in early trade, hit by growing doubts about the progress of a 700-billion-dollar bailout package for the US financial sector.(AFP/File/Shaun Curry)AFP - Europe's leading stock markets sank Friday in early trade, hit by growing doubts about the progress of a 700-billion-dollar bailout package for the US financial sector.


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    Fri, 26 Sep 2008 08:34:52 GMT - Yahoo! News: Business - European Economy
    Mandelson, China's Chen call for closer trade ties (AP)
    AP - European Union trade commissioner Peter Mandelson and China's commerce minister called Thursday for closer trade ties between their giant economies but announced no breakthroughs in talks on import controls and other disputes. -- read full article
    Thu, 25 Sep 2008 09:23:47 GMT - Yahoo! News: Business - European Economy
    Germany: Consumer confidence rises slightly (AP)
    AP - Consumer confidence in Europe's largest economy rose slightly, halting a four-month slide, bolstered by falling oil prices and receding fears of inflation, a survey conducted before the meltdown on Wall Street earlier this month has found. -- read full article
    Thu, 25 Sep 2008 11:10:03 GMT - Yahoo! News: Business - European Economy
    FTSE boosted by US optimism (AFP)

    A large computerised display of the FTSE 100 index in London. London shares closed up sharply as optimism over the US Congress' approval of a 700-billion-pound government rescue plan fueled investor confidence.(AFP/File/Shaun Curry)AFP - London shares closed up sharply on Thursday as optimism over the US Congress' approval of a 700-billion-pound government rescue plan fueled investor confidence.


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    Thu, 25 Sep 2008 16:35:42 GMT - Yahoo! News: Business - European Economy
    EU chief urges next US president to work closely with Europe (AFP)

    European Commission chief Jose Manuel Barroso, seen here on September 15, 2008, on Wednesday urged the next US president to work with the EU to confront challenges like the financial crisis, ties with Russia and climate change.(AFP/File/Attila Kisbenedek)AFP - European Commission chief Jose Manuel Barroso on Wednesday urged the next US president to work with the EU to confront challenges like the financial crisis, ties with Russia and climate change.


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    Wed, 24 Sep 2008 19:01:49 GMT - Yahoo! News: Business - European Economy
    French police arrest 11 suspected Basque militants (AP)

    A demonstrator shouts as French police block a protest march near the headquarters of the pro-Basque independence Batasuna (Unity) party in Bayonne, southwestern France, on September 24, 2008. Twelve people were arrested on Wednesday in a operation against members of Batasuna, including their spokesman in France, Xabi Larralde.  REUTERS/Olivier Pon   (FRANCE)AP - Police arrested 11 suspected Basque militants Wednesday in southwest France in two separate investigations, including the financing of terror attacks in France and Spain, officials said.


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    Wed, 24 Sep 2008 21:16:46 GMT - Yahoo! News: Business - European Economy
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