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September 25, 2008
 

Europe Insider

Keep up-to-date with the latest news from Europe


NEWS  THIS WEEK'S TOP STORIES FROM EUROPE

Wall Street's Blow to U.S. Prestige?

The surprising answer is no. Most business people still view the U.S. as a beacon of free enterprise and praise its swift response to the crisis

Inside: This Week In Europe
The American financial system has long had doubters in Europe and elsewhere, so the crisis gripping Wall Street and the U.S. economy seemed likely to bring out the critics. Yet our reporting found a surprising degree of support for the U.S.--and even praise for the quick government response, as Jack Ewing reports in our top story this week.

We've also got lots more on the financial crisis, European banks, and the wider global impact. Plus, new point-of-sale technology, telecom regulation, the Baltic pipeline, and an assortment of other tech, policy, management, and autos coverage. Don't miss the downturn hitting French restaurants and an Oktoberfest controversy. Enjoy!
Andy Reinhardt, Europe Editor

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  MORE EUROPEAN NEWS
EUROPE
Global Voices: How the U.S. Is Seen Now
From Venezuela to Japan, government officials and people on the street share their thoughts with BusinessWeek about the U.S. financial crisis

FINANCE, MARKETS & INVESTING
Little Crisis for Europe's Banks
While U.S. banks took on lucrative risks, European banks have played it safe. Now Old World institutions are more likely to be buying

EUROPE • From Spiegel Online
Germany Won't Help U.S. with Bailout
German economists endorse the government's refusal to buy up bad U.S. debt, saying it would reward reckless investment behavior

EASTERN EUROPE • From Transitions Online
Russia Couldn't Escape Gravity
The global financial crisis has seen Moscow's RTS index lose 50% this year, while the ruble plummeted

EUROPE • From The Independent
Mortgage Lending Hits Three-Year Low in Britain
The August drop reflects the depressed level of house sales—half last year's figure—and deep disquiet about the future

EUROPE • From EUobserver
EC: No Plans for More Hedge Funds Rules
Commissioner McCreevy urged European Parliament not to blame private equity for recent market turmoil and said new regulations aren't needed

EUROPE • From Spiegel Online
German Bank Under Fire for Strange Lehman Deal
On Monday, state lending bank KfW transferred hundreds of millions to Lehman—after the bankruptcy filing. Why?

MARKETING
Point-of-Sale Advertising Goes High Tech
New in-store digital ads are using the latest technology to target messages to individual buyers, boosting sales and even helping to manage inventory

TECHNOLOGY • From silicon.com
Brussels Pushes a Cut in Roaming Fees
The European Commission proposes that charges for roaming text messages be slashed by 60%

EUROPE • From EUobserver
Mick Jagger Helps EU Tackle Online Retailing
In Brussels, the Rolling Stones lead singer talked with commissioners about anomalies in music downloads and licensing

TECHNOLOGY • From silicon.com
Airports Spend Big on IT to Woo Travelers
A survey by SITA finds that airport operators around the world will spend $3 billion this year on technology, mainly to boost customer service

EUROPE • From Spiegel Online
Tensions Rise over Baltic Pipeline
A diplomat's op-ed article appears to have made public U.S. opposition to the proposed natural gas pipeline from Russia to Germany

FINANCEASIA.COM • From FinanceAsia.com
Middle East Companies Target India
Emirates Telecom and renewable energy outfit Masdar have bought stakes in Indian companies in their respective industries

EASTERN EUROPE • From Transitions Online
EU Influence Falls at U.N. as Russia Rises
On human-rights issues, a majority of U.N. member states are now more likely to vote with Russia and China than with the EU or U.S.

THE MULTIPOLAR WORLD: MARK FOSTER
The Global Talent Crisis
In today's complex environment, a strategy for attracting skilled people is as critical as a marketing or finance strategy

INNOVATION
Best Global Brands
Gutsy marketers spend into the teeth of a recession. Several of BusinessWeek's 100 Best Global Brands are doing exactly that

NEWS & FEATURES • From Gizmag.com
Saab Reinvents the Convertible
The new concept gives fresh expression to automaker's Scandinavian-inspired design ethos

NEWS & FEATURES • From Sports Car Market
1996 Ferrari 456 GT Coupe
I've often told people trying to squeak into a Ferrari that if they can't afford the best example, they really can't afford an edgy one

EUROPE • From The Independent
French Restaurants Feel Economic Pinch
Nearly 3,000 restaurants and cafés in France have closed this year, as the crunch begins to bite

EUROPE • From Spiegel Online
Oktoberfest Chafes at Chinese Lederhosen
Munich folk societies warn that Bavaria's heritage is imperiled by cheap Lederhosen made in China, India, and Eastern Europe

 BW'S PICKS FROM AP NEWS >>

First flight of EADS' A400M transporter postponed

More unions sign off on possible Alitalia deal

Germany: Consumer confidence rises slightly

Lloyd's of London 1H profit falls 47 percent

Church of England leaders criticize markets

MORE BREAKING NEWS FROM AP >


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  IN YOUR FACE: BAILOUT DEBATE ON THE HILL

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"Should an important company fail, the government should simply nationalize it. Bailing out shareholders and bondholders makes no sense."

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