Carla Seduced by Sarko's '6 Brains'

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  Tawdry revelations from the diaries of a former intelligence chief are proving yet again that no one does scandal like the French: Authorities are accusing Yves Bertrand of spying on Nicolas Sarkozy’s wives and lovers to smear him before he became president and keep Jacques Chirac in power. Bertrand called the allegations “pure fantasy” and defended his notes on the scandal.
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• Medvedev Calls for Anti-US Alliance

  Oct 9, 08 9:54 AM CDT
  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. He proposed a new European alliance as a counterpoint to NATO, which he accused of overstepping its bounds. 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.
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• French Economy Enters Recession

  Oct 3, 08 9:08 AM CDT
  France has entered a recession. The national statistics agency projects that the economy will contract by 0.1% in the third and fourth quarters of 2008, meeting the generally accepted definition. Finance Minister Christine Lagarde blamed the troubles on high oil prices, the strength of the euro earlier this year, and the worsening financial crisis across the globe. 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 »