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    European Business & Economy Headlines
    Amid the meltdown, economics Nobel no easy pick (AP)

    Nobel Laureate in Economics Eric S. Maskin from the United States laughs during a news conference in Vienna, on Thursday, Oct. 2, 2008. Maskin is in Austria for the Viennese nobel laureates seminar. (AP Photo/Lilli Strauss)AP - If history is any guide, this year's Nobel economics prize will award the developers of economic theories that have had the time to take root, grow and prove resilient.


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    Sun, 12 Oct 2008 15:22:22 GMT - Yahoo! News: Business - European Economy
    Europe to guarantee new bank refinancing: draft agreement (AFP)

    Leaders of the eurozone countries attend a financial crisis summit at the Elysee Palace in Paris. European Union leaders on Sunday hammered out a plan to confront the financial crisis which will involve hundreds of billions of dollars of new initiatives to head off a feared AFP - Fifteen EU countries meeting in Paris will guarantee new medium-term loans between private banks in a bid to end the credit crunch, according to a draft statement seen by AFP on Sunday.


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    Sun, 12 Oct 2008 16:22:16 GMT - Yahoo! News: Business - European Economy
    Euro nations to guarantee bank refinancing (AP)

    European Commission President Jose Manuel Barroso, left, European Central Bank President Jean-Claude Trichet, center, and Eurogroup President Jean-Claude Juncker, right, arrive at the financial crisis summit gathering Eurogroup heads of state and government at the Elysee Palace in Paris, Sunday, Oct. 12, 2008. Countries that use the euro will temporarily guarantee future bank debt to encourage lending and ease the credit crunch, according to a draft statement under discussion by European leaders Sunday. (AP Photo/Charles Platiau, Pool)AP - Nations in Europe's single-currency zone agreed Sunday to temporarily guarantee bank refinancing and pledged to prevent banks failing as part of a raft of emergency measures designed to get credit flowing again.


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    Sun, 12 Oct 2008 21:38:25 GMT - Yahoo! News: Business - European Economy
    Key points of euro nations' financial crisis plan (AP)
    AP - European leaders agreed to several measures — German Chancellor Angela Merkel called them a "tool kit" — that governments will be able to use to shore up financial institutions and stop banks' financing problems from contaminating the wider economy. A few highlights: -- read full article
    Sun, 12 Oct 2008 21:43:23 GMT - Yahoo! News: Business - European Economy
    European leaders agree crisis measures (AFP)

    Leaders of the eurozone countries at a financial crisis summit in Paris on October 12. European Union leaders have hammered out emergency plans worth hundreds of billions of dollars to protect troubled banks mired in the global financial crisis.(AFP/Pool/Charles Platiau)AFP - European leaders agreed a plan that would inject billions of dollars into troubled banks in an attempt to restore confidence in the financial system, leading to a cautious rebound in Asian markets Monday.


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    Mon, 13 Oct 2008 06:28:11 GMT - Yahoo! News: Business - European Economy
    British banks to get $63B infusion from government (AP)

    A Barclays bank logo pictured in central London on October 1. Barclays, one of Britain's leading banks, has said it plans to raise more than 6.5 billion pounds (US$11.13-billion) from investors, turning down the offer of government help.(AFP/File/Shaun Curry)AP - Three of the largest British banks said Monday they plan to take up to $63 billion of government money to boost their balance sheets.


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    Mon, 13 Oct 2008 08:07:31 GMT - Yahoo! News: Business - European Economy
    IMF chief welcomes European bank rescue plan (AP)
    AP - The head of the International Monetary Fund welcomed a European bank rescue plan on Monday despite its high cost, and predicted that weekend efforts by world leaders would soothe anxious global markets. -- read full article
    Mon, 13 Oct 2008 08:33:51 GMT - Yahoo! News: Business - European Economy
    Euro-zone chiefs meet to coordinate on meltdown (AP)
    AP - European leaders meet Sunday in search of a common response to a spreading financial crisis that has ricocheted across the Atlantic to their shores and to try to preserve the bloc's unity. -- read full article
    Sun, 12 Oct 2008 07:05:01 GMT - Yahoo! News: Business - European Economy
    Ireland's economy ends long winning run (AP)

    Statue's in memory of the Irish Famine of the 19th century, are shown outside the financial district  in central Dublin, Ireland, Friday, Sept. 26, 2008. Tens of thousands of Irish face a financial white-knuckle ride because Europe's longest-running winning streak, the vaunted Celtic Tiger economy, has come to an inglorious end. Last month, Ireland became the first country in the 15-nation euro zone to fall into recession.  (AP Photo/Peter Morrison)AP - Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg.


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    Sat, 11 Oct 2008 14:51:46 GMT - Yahoo! News: Business - European Economy
    Ireland's economy ends long winning run (AP)

    Ray Grehan, property developer, is shown at his development called 'The Grange' in Dublin, Ireland, on Sept. 26, 2008. Tens of thousands of Irish face a financial white-knuckle ride because Europe's longest-running winning streak, the vaunted Celtic Tiger economy, has come to an inglorious end. Last month, Ireland became the first country in the 15-nation euro zone to fall into recession. (AP Photo/Peter Morrison)AP - Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg.


    -- read full article
    Sat, 11 Oct 2008 04:47:12 GMT - Yahoo! News: Business - European Economy
    World stocks slump on Dow open (AP)

    A broker is seen at the stock exchange in Frankfurt, central Germany, on Friday, Oct. 10, 2008. Europe's stock markets plunged Friday after Wall Street opened a breathtaking 7 percent lower, below the 8,000 level, but they soon recouped some of those losses when the Dow Jones index made a partial comeback. Following the Dow's modest retracement, the DAX was down 401.92 points, or 8.2 percent, at 4,485.08. (AP Photo/Daniel Roland)AP - Europe's stock markets plunged Friday after Wall Street opened a breathtaking 7 percent lower — below the 8,000 level — but they soon recouped some of those losses when the Dow Jones index made a partial comeback.


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    Fri, 10 Oct 2008 15:15:47 GMT - Yahoo! News: Business - European Economy
    NATO: Troops can target Afghan drug operations (AP)

    United States Defense Secretary Robert Gates, center, stands with other NATO defense ministers in front of a model of a C-17 airplane during a meeting of NATO defense ministers in Budapest, Thursday Oct. 9, 2008. The United States will push NATO allies Thursday to order their troops to target Afghanistan's heroin trade to stem the flow of drug money to the widening insurgency against the international military mission. (AP Photo/Virginia Mayo)AP - NATO defense ministers Friday authorized their troops in Afghanistan to attack drug barons blamed for pumping up to $100 million a year into the coffers of resurgent Taliban fighters.


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    Fri, 10 Oct 2008 11:18:34 GMT - Yahoo! News: Business - European Economy
    London stocks plunge (AFP)

    The FTSE 100 index of leading shares plunged by almost nine percent on Friday after fresh falls on Wall Street, as investors continued to fret over the worldwide financial crisis.(AFP/File/Shaun Curry)AFP - The FTSE 100 index of leading shares plunged by almost nine percent on Friday after fresh falls on Wall Street, as investors continued to fret over the worldwide financial crisis.


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    Fri, 10 Oct 2008 16:27:44 GMT - Yahoo! News: Business - European Economy
    Putin: US image damaged forever over economy woes (AP)
    AP - The financial crisis has irreparably damaged the image of the U.S. as the leader of the free world and the global economy, Russian Prime Minister Vladimir Putin said Thursday. -- read full article
    Thu, 09 Oct 2008 20:36:20 GMT - Yahoo! News: Business - European Economy
    US, European stocks tumble on credit fears (AFP)

    The floor of the Indonesian Stock Exchange is seen as it closes trading activities in Jakarta. US and European stock markets slid Thursday as jitters mounted over the widening global financial crisis despite drastic actions by authorities to contain the turmoil.(AFP/Bay Ismoyo)AFP - US and European stock markets slid Thursday as jitters mounted over the widening global financial crisis despite drastic actions by authorities to contain the turmoil.


    -- read full article
    Thu, 09 Oct 2008 21:33:45 GMT - Yahoo! News: Business - European Economy
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