Europe

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Europe Is Giddy for US: Can It Last?
 Europe Is  
 Giddy for US: 
 Can It Last?
analysis
Jan 20, 2009 7:07 PM CST

Europe Is Giddy for US: Can It Last?

French expect America to 'find its path' again

(Newser) - In France, the magic of Barack Obama’s inauguration is “a bit like the liberation after World War II,” says one French analyst. This particular sentiment “may have hit the hyperbolic stratosphere,” writes Elizabeth Bryant in the Washington Times, but it reflects a groundswell. “Fundamentally,...

Russian Gas Again Flows to Europe Through Ukraine

Supplies had been cut for 2 weeks amid political squabbles

(Newser) - Gas is again flowing from Russia to Ukraine, a major gas gateway for Europe, after disputes between the two countries shut down supplies for two weeks, Reuters reports. Leaders couldn’t agree on a 2009 gas contract amid political tensions over Ukraine’s wish to join NATO; 20 European countries...

Russia Halts All Gas to Europe Via Ukraine

Last pipeline shut as shortages spread as far as France

(Newser) - Having slowed to a trickle yesterday, Russia today shut off all its gas supplies to Europe through Ukraine, the latest move in a pricing dispute that has affected fuel deliveries to a dozen countries during a winter cold snap. Gazprom, the Russian state gas company, blamed Ukraine for shutting down...

Rich Foreigners Jump List for Brit Organs

Doctors outraged as a record 8,000 Britons await transplants

(Newser) - Despite dire organ shortages for ailing British patients, the livers of 50 UK donors were sold to foreigners for nearly $110,000 each, the Times of London reports. Forty patients from Greece and Cyprus—as well as others from non-EU nations including Libya, the UAE, China, and Israel—received liver...

Russia Stops Supplying Gas to Ukraine

Europe worried about supply disruptions if dispute continues

(Newser) - Russia's gas export monopoly has cut off Ukraine's supply over a contract dispute, and has boosted European supply to head off worries about reliability, Reuters reports. The EU gets 20% of its gas from Ukrainian pipelines. Kiev has already tapped the country's reserves, and maintaining the pressure in the supply...

No PDA, Cheating in Muslim Nations, UK Warns Travelers

Booze, drugs are also no-nos, Foreign Office reminds would-be vacationers

(Newser) - Extra-marital sex and public displays of affection might be OK in France or Spain, but it’s a big no-no in Dubai and other Muslim nations, the British government is reminding citizens. The Foreign Office has released a list of do’s and don’ts for Britons planning a trip...

Greek Protesters Hang Banners on Acropolis

Students call on Europe to join demonstrations tomorrow

(Newser) - Greek protesters hung two giant banners off the Acropolis today, with slogans calling for mass demonstrations across Europe tomorrow and "resistance," after days of violent protests sparked by the fatal police shooting of a teenager in Athens. A dozen protesters held the pink banners over the walls of...

Bailout Would Help German Giants, Too
 Bailout Would Help 
 German Giants, Too 
ANALYSIS
Dec 10, 2008 2:20 PM CST

Bailout Would Help German Giants, Too

Detroit bankruptcies would ripple through entire industry's supply chain

(Newser) - German giants BMW and Daimler are rooting for a bailout of the Big Three, since a bankrupt Detroit would devastate sales and cripple parts-makers they all share, Bloomberg reports. The US is the top market for BMW, No. 2 for Daimler’s Mercedes-Benz. Meanwhile, Fiat, Peugeot, and Renault—which compete...

Find Your Tipping Point Abroad
 Find Your Tipping Point Abroad 
TRAVEL
Nov 20, 2008 2:26 PM CST

Find Your Tipping Point Abroad

With gratuity varying by country, it's important not to offend

(Newser) - Knowing the appropriate level of gratuity can be tricky, and it gets even more difficult abroad, where tipping practices widely vary. Forbes offers some help, noting, for instance, that for a cab ride in South America, rounding up the fare to the next dollar is an acceptable tip, while in...

Chronically Ill Worse Off in US Than Elsewhere: Study

Health costs, medical errors scare more than in other rich nations

(Newser) - Chronically ill Americans are more likely to forgo medical care because of high costs or bad experiences than counterparts in a number of other rich nations, a study finds. Researchers interviewed 7,500 adults with conditions like cancer, arthritis, depression, and diabetes, and the Americans led the complaints. Dutch patients...

Germany, Europe's Largest Economy, in Recession

Europe's largest economy posts worse-than-expected declines

(Newser) - New figures today confirmed that Germany, Europe's largest economy and the world's top exporter, is in recession. The nation's GDP contracted 0.5% in the third quarter, far worse than predicted and the biggest decline in growth in 12 years. The magnitude of the German contraction pushed the euro down...

World Reacts With Open Arms, Eye on Reconciliation

Global pundits weigh in on a historic victory

(Newser) - The election of Barack Obama has been watched around the world, and pundits from all over are weighing in.
  • In Germany's Der Spiegel, Gabor Steingart says the president-elect's genius is his "tone of political romanticism." Americans warmed to his message of sympathy and reflection—and made the
...

Asia, Europe Want Financial Reform Now

Beijing steps up as leaders craft plans to manage economies

(Newser) - Asian and European world leaders joined forces today to call for stricter regulation of world financial markets and a shakeup of the monetary system, the Washington Post reports. The declarations marked the close of a 2-day summit in Beijing attended by more than 40 heads of state. Bailouts in the...

In Financial Crisis, Europe Leads the Way (for a Change)

Investment in banks proved better strategy than mortgage bailout

(Newser) - The US has long considered Europe to be the economic equivalent of a doddering old uncle, but this week it was oldster leading whippersnapper America by the hand through the most serious crisis since the Depression. Europe, seeing the need for a sturdier fix than the mortgage-bailout Band-aid Washington proposed,...

UK Props Up Major Banks; Fed Offers Cash

Moves to shore up financial system have global markets rising

(Newser) - Governments across the globe are acting with “an enormous amount of congruence” and speed as they pour billions of dollars into rescue plans hoping to keep a sinking banking system afloat, reports the Wall Street Journal. The British government today provided $60 billion to prop up 3 banks, and...

Euro Leaders Hope to Emerge With Crisis Action Plan Today

Europe scrambles to shore up banks

(Newser) - European leaders hoped to emerge today from a meeting in Paris with a detailed unified action plan to address the continuing worldwide economic crisis, Reuters reports. Banks continued to hold emergency talks today with officials in the British government, which is about to purchase major equity stakes in the nation's...

Medvedev Calls for Anti-US Alliance

Tries to drive wedge between Europe and America

(Newser) - Dmitry Medvedev was in France today, mending bridges with Europe while laying the world’s problems—economic and otherwise—at America’s feet, the Telegraph reports. Medvedev blamed US “economic egotism” for the financial breakdown, and accused it of reviving its Russian containment policy and reigniting the Cold War....

The Crisis Dwarfs $700B
 The Crisis Dwarfs $700B 
Oct 7, 2008 10:18 AM CDT

The Crisis Dwarfs $700B

A US-centric band aid can't quell global markets as confidence plunges

(Newser) - As the financial crisis continues to grow, the $700 billion bailout passed by Congress last week may be too little too late, the Washington Post reports. The plan may not begin relieving banks of toxic assets for another month, and, meanwhile, the crisis has gone global, making $700 billion seem...

Europe Scrambles to Save Banks

Governments rescue troubled institutions, pledge to back deposits

(Newser) - Barely a day after rejecting the need for a massive unified rescue plan, European leaders are wading into two substantial bailouts and vowing to save banks, Bloomberg reports. France’s BNP Paribas will take over Fortis in Belgium and Luxembourg, while Germany’s government and banks bail out Hypo Real...

Europe Agrees to Take It One Financial Crisis at a Time

Sarkozy's hopes dashed amid other leaders' opposition

(Newser) - Leaders of Europe’s four biggest economies did not settle on a unified plan for tackling the financial crisis, the Washington Post reports. Instead, each country will deal with banking problems as they crop up. While France’s Nicolas Sarkozy hoped for a Europe-wide plan, British and German leaders were...

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