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    European Business & Economy Headlines
    Europe governments go their own way on crisis (AP)
    AP - Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year. -- read full article
    Mon, 06 Oct 2008 18:38:35 GMT - Yahoo! News: Business - European Economy
    Europeans scramble to save failing banks (AP)

    A pedestrian passes the entrance to German lender Hypo Real Estate bank in Berlin in this September 30, 2008 file picture. Officials from the German government, central bank and financial regulator met on Sunday, October 5, in an effort to save lender Hypo Real Estate after a Berlin-brokered deal to rescue the imperilled bank unravelled.      REUTERS/Pawel Kopczynski/File  (GERMANY)AP - Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.


    -- read full article
    Sun, 05 Oct 2008 22:50:11 GMT - Yahoo! News: Business - European Economy
    German gov't, banks agree to $69B bailout for Hypo (AP)

    Chancellor Angela Merkel, left, and Finance Minster Peer Steinbrueck, right, give a statement in the Berlin Chancellery on Sunday, Oct. 5, 2008. 'We will not allow the distress of one financial institution to distress the entire system,' Merkel told reporters while talks between government and business leaders continued in the capital. 'For that reason, we are working hard to secure Hypo Real Estate.' (AP Photo/Rainer Jensen,pool)AP - Germany on Sunday guaranteed all private bank accounts and negotiated a 50 billion euro ($69 billion) bailout deal for Hypo Real Estate AG as Europe's second largest economy sought to ward off financial crisis.


    -- read full article
    Mon, 06 Oct 2008 07:43:40 GMT - Yahoo! News: Business - European Economy
    European central banks offer more cash to markets (AP)
    AP - The European Central Bank, the Bank of England and the Swiss National Bank offered more than $60 billion to markets Monday to try to keep the financial sector flush with cash. -- read full article
    Mon, 06 Oct 2008 08:34:01 GMT - Yahoo! News: Business - European Economy
    Merkel: Germany working hard to keep Hypo afloat (AP)

    Italian Prime Minister Silvio Berlusconi, left, shares a word with German Chancellor Angela Merkel during a media conference at an emergency financial summit at the Elysee Palace in Paris, Saturday Oct. 4, 2008. The global financial crisis is forcing the  leaders of France, Britain, Germany and Italy to come together for an emergency summit in Paris. But differences on how to respond to the economic turmoil could drive them apart. (AP Photo/Virginia Mayo)AP - German Chancellor Angela Merkel says her government is working hard to keep Hypo Real Estate AG afloat because it will not let the failure of any company disrupt Europe's biggest economy.


    -- read full article
    Sun, 05 Oct 2008 14:27:27 GMT - Yahoo! News: Business - European Economy
    EU provisionally approves Benelux bailout of Fortis (AFP)

    Fortis CEO Herman Verwilst is pictured at a news conference in September 2008 at the Fortis hedquarters in Brussels. EU regulators have provisionally approved the original three-country bailout package for troubled finance group Fortis, a spokesman has said, though the deal is swiftly being superceded.(AFP/File/Dominique Faget)AFP - EU regulators have provisionally approved the original three-country bailout package for troubled finance group Fortis, a spokesman said Sunday, though the deal is swiftly being superceded.


    -- read full article
    Sun, 05 Oct 2008 15:49:20 GMT - Yahoo! News: Business - European Economy
    UK prime minister makes more government changes (AP)
    AP - British Prime Minister Gordon Brown announced more changes to his government Sunday, completing a shake-up intended to strengthen the government as it faces the global economic crisis. -- read full article
    Sun, 05 Oct 2008 18:04:40 GMT - Yahoo! News: Business - European Economy
    Europeans scramble to save failing banks (AP)

    A pedestrian passes the entrance to German lender Hypo Real Estate bank in Berlin in this September 30, 2008 file picture. Officials from the German government, central bank and financial regulator met on Sunday, October 5, in an effort to save lender Hypo Real Estate after a Berlin-brokered deal to rescue the imperilled bank unravelled.      REUTERS/Pawel Kopczynski/File  (GERMANY)AP - Germany became the newest European country to allay fears about the financial meltdown, guaranteeing private bank accounts as governments scrambled on their own to save failing banks.


    -- read full article
    Sun, 05 Oct 2008 18:38:40 GMT - Yahoo! News: Business - European Economy
    EU leaders make vows not plans in face of crisis (AP)

    From left to right, Luxembourg's Prime Minister Jean Claude Juncker, Italian Prime Minister Silvio Berlusconi, German Chancellor Angela Merkel, French President Nicolas Sarkozy, British Prime Minister Gordon Brown, European Commission President Jose Manuel Barroso and European Central Bank President Jean Claude Trichet stand for a group photo during an emergency financial summit at the Elysee Palace in Paris, Saturday Oct. 4, 2008. The global financial crisis is forcing the  leaders of France, Britain, Germany and Italy to come together for an emergency summit in Paris. But differences on how to respond to the economic turmoil could drive them apart. (AP Photo/Michel Spingler)AP - Europe's four major powers vowed Saturday to do all they could to prevent Wall Street's turmoil from destabilizing their banking systems — even as a $48 billion plan to save a German lender fell apart.


    -- read full article
    Sat, 04 Oct 2008 22:39:13 GMT - Yahoo! News: Business - European Economy
    EU leaders to seek early release euro funds: Brown (AFP)

    Italian Prime Minister Silvio Berlusconi, German chancellor Angela Merkel, French President Nicolas Sarkozy, and British Prime Minister Gordon Brown speak after a meeting at the presidential Elysee Palace in Paris. European leaders have agreed to ask for the early release of 32 billion euros in European funds to help small businesses weather the global finance crisis, Brown said Saturday.(AFP/Gerard Cerles)AFP - European leaders have agreed to ask for the early release of 32 billion euros (25 billion pounds) in European funds to help small businesses weather the global finance crisis, Prime Minister Gordon Brown has said.


    -- read full article
    Sun, 05 Oct 2008 08:16:38 GMT - Yahoo! News: Business - European Economy
    Britain to seek quick release of European business fund (AFP)

    Prime Minister Gordon Brown, seen here in September 2008, will urge the early release of 12 billion pounds (15 billion euros, 21 billion dollars) in funds committed to helping small business in Europe, when he meets with other European leaders Saturday.(AFP/POOL/File/Leon Neal)AFP - Britain will urge the early release of 12 billion pounds (15 billion euros, 21 billion dollars) in funds committed to helping small business in Europe, when Prime Minister Gordon Brown meets with other European leaders Saturday.


    -- read full article
    Sat, 04 Oct 2008 17:40:05 GMT - Yahoo! News: Business - European Economy
    EU leaders divided about global financial crisis (AP)
    AP - Leaders of France, Britain, Germany and Italy will seek at a summit in Paris Saturday to reassure investors and markets jittery about a growing financial and economic crisis. -- read full article
    Sat, 04 Oct 2008 14:13:45 GMT - Yahoo! News: Business - European Economy
    British PM Gordon Brown shakes up government (AP)

    Peter Mandelson speaks to the media outside 10 Downing Street in London, Friday, Oct. 3 2008. The EU commissioner has been made Business Secretary in Britain's cabinet. Mandelson does not hold a seat in Britain's House of Commons, so will likely be appointed to the House of Lords by Britain's Prime Minister Gordon Brown, allowing him to join the government without winning a place in Parliament at an election.  (AP Photo/Kirsty Wigglesworth)AP - British Prime Minister Gordon Brown reached into the past in a bid to save his future Friday, recruiting stars from the Tony Blair era into his Cabinet.


    -- read full article
    Fri, 03 Oct 2008 20:35:11 GMT - Yahoo! News: Business - European Economy
    Sting in the tail on US bailout day (AFP)

    A pedestrian passes before a share prices board in Tokyo. US stocks rallied, taking European markets sharply higher Friday as hopes the US Congress will pass a multi-billion-dollar bank rescue package offset a much weaker-than-expected US employment report.(AFP/Yoshikazu Tsuno)AFP - US stock markets fell sharply Friday after the Congress passed a huge financial rescue plan, as optimism built up earlier in the day evaporated in late trading.


    -- read full article
    Fri, 03 Oct 2008 22:08:42 GMT - Yahoo! News: Business - European Economy
    Divided EU leaders head into financial summit (AP)
    AP - The global financial crisis is forcing the leaders of France, Germany, Britain and Italy to come together for an emergency summit this weekend, but differences on how to respond to the economic turmoil could drive them apart. -- read full article
    Fri, 03 Oct 2008 19:00:33 GMT - Yahoo! News: Business - European Economy
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