Germany, UK Court Sarkozy in EU Dispute

Related Newser Stories

• Europe Scrambles to Save Banks

  Oct 6, 08 6:31 AM CDT
  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 Estate with a $68 billion rescue package. Meanwhile, Alistair Darling says the UK will do whatever is necessary to aid its banks.
  More »

• Europe Agrees to Take It One Financial Crisis at a Time

  Oct 5, 08 10:53 AM CDT
  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 opposed to a single safety-net fund.
  More »

• Euros Eat Their Words as Own Bailouts Loom

  Sep 30, 08 2:38 PM CDT
  European leaders are eating their words a week after criticizing the US for allowing its banks to run dry and engineering a system-wide bailout for financial firms, Bloomberg reports. Governments across Europe, including Germany, the UK, Belgium and France bailed out banks across the continent and pledged support for others as Europe faces its own financial meltdown. More »

• EU Holds Emergency Summit on Georgia

  Sep 1, 08 2:53 AM CDT
  European Union leaders gather in Brussels in an emergency session today to review their stance on Russia’s invasion of Georgia. It's the first emergency EU meeting since the run-up to the Iraq war in 2003. With conflicting positions from the UK, France and Germany, analysts say the summit will likely produce support for Georgia and a major rethink on European ties with Russia—but no radical changes, reports the Guardian.
  More »

• Sarkozy Puts France on Speed

  Jul 17, 08 8:05 AM CDT
  His love life may be distracting and his poll ratings may be low, but Nicolas Sarkozy is "a tonic to his country and the most important European leader of his time," writes New York Times columnist Roger Cohen. In just 14 months the French president has led a sea change in foreign policy with the US, Israel, NATO, and North Africa. And on the domestic front, the former bedrock of Old Europe is now "on amphetamines." More »