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October 02, 2008
 

Europe Insider

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


NEWS  THIS WEEK'S TOP STORIES FROM EUROPE

What's Behind Europe's Bank Bailouts

Officials have taken action on five overstretched financial institutions in the past few days, in Belgium, Britain, Germany, and Iceland

Inside: This Week In Europe
Since the credit crunch first hit in August 2007, Europe's banks have looked relatively immune, other than the problems at UBS and some German Landesbanks. But this week, the extent of the problems hit home with a vengence. Suddenly, Europe is scrambling to cope with a spreading cancer, as London bureau chief Stanley Reed explains in this week's top story.

We've got extensive coverage of the situation, including the emerging strength of Santander, the fallout of the slowdown in Britain, and growing cries for a policy response in Europe. Plus (on a different note) a new push for mobile broadband via laptops, updates on the Internet in Europe, energy news, and hot cars. Don't miss Robert Parker's take on Loire Valley values. Chin up!
Andy Reinhardt, Europe Editor

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  MORE EUROPEAN NEWS
FINANCE, MARKETS & INVESTING
The Rise of Santander
The once-regional Spanish bank has shot to the front ranks of Europe's finance industry through traditional lending and savvy acquisitions

BANKING
Bank Bailouts Come to Europe
The rush to save four banks signals a more aggressive policy stance. But Europe's many regulators will make it tough to form a coherent strategy

FINANCE, MARKETS & INVESTING
Global Stocks Seesaw on Bailout Setback
Central banks, however, have stepped in to calm jitters, and hopes are high for an eventual financial deal in Washington

ECONOMICS
Britain: The Economic Fallout
The economic crisis is rippling out to the sectors that service the financial elite—from child care to restaurants to travel agencies

EUROPE • From Spiegel Online
IMF Urges an EU Credit Crisis Strategy
The fund's chief says Europe needs a contingency plan to protect its economy should the finance crisis worsen

EUROPE • From The Independent
British Retailers Face Worsening Slump
Both Tesco and Marks & Spencer will likely report sharp sales slowdowns as consumers tighten their belts. Other stores may go under

TECHNOLOGY
A Laptop Lift for Mobile Broadband
By bundling support for mobile data service into new notebook PCs, the tech industry hopes to do for 3G broadband what Intel's Centrino did for Wi-Fi

TECHNOLOGY • From silicon.com
Push for Europe-Wide Wireless Broadband
The European Parliament backed measures to simplify the rollout of European Union-wide telecom services, such as wireless Internet and mobile TV

EUROPE INSIGHT
No Meltdown (Yet) in Mobile Services
Global cellular subscriptions should hit 4 billion this year. But growth will slow going forward as markets reach saturation

EUROPE • From EUobserver
Swedes, Dutch, Tops in Broadband
In broadband Internet, Sweden and the Netherlands are the best EU performers. Bulgaria and Cyprus come last

TECHNOLOGY • From silicon.com
Brit Business Users Not Warm on Vista
Microsoft's Windows Vista operating system is still playing second fiddle to XP. Companies say they're "not interested"

EUROPE • From The Independent
Financial Services from Tesco
The giant grocer said the credit crisis has helped pave the way for it to offer customers mortgages and checking accounts

ENERGY
Saudi Oil, OPEC's Ire
Saudi King Abdullah wants to bring prices down to ensure long-term demand, but other OPEC ministers disagree

EUROPE INSIGHT
EDF-British Energy Deal Tests Utilities
The deal highlights the growing importance of nuclear power and stands as a key test of energy liberalization in Europe

EASTERN EUROPE • From Transitions Online
Eastern Europe's Carbon Credit Windfall
Thanks to Kyoto emission levels pegged to 1990, when pollution was worse, former Eastern Bloc countries now sell carbon credits to Japan

EUROPE • From EUobserver
Sarkozy: Capitalism Should Be Regulated
Addressing the U.N., the French President called for G-8-style summit to tackle the global crisis and bring more transparency to the financial system

EUROPE • From Spiegel Online
More Calls for Global Financial Rules
From the EU to the IMF, global leaders reacted with shock at the failure of the U.S. bailout plan—and called for more financial oversight

NEWS
Foreign Investors and a Dollar Plunge
Foreign central banks worry about U.S. debt load after a bailout. The greenback could suffer

AUTOS • From Gizmag.com
The $60,000 Luxury EV
Tesla says it will build a $60,000 five-passenger luxury sedan with a lithium-ion battery pack capable of delivering 240 miles per charge

NEWS & FEATURES • From Gizmag.com
World's Fastest Production Car to Go Electric
SSC is developing the Ultimate Aero EV, a 500 bhp electric sports car that will come to market in late 2009

PARKER ON WINE
Loire Valley Values
Famous for such white wines as Pouilly-Fumé and Muscadet, France's Loire Valley also offers some surprising bargains

 BW'S PICKS FROM AP NEWS >>

EU calls for global response to credit crisis

EU says sellers of securities should share risks

UK to raise guarantee on savers' bank deposits

GameStop to buy French game retailer Micromania

Report: UK manufacturing hits 'simply awful' low

MORE BREAKING NEWS FROM AP >


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  IN YOUR FACE: BEYOND THE BAILOUT

Reader Paul Berndt Writes:

"I find it hard to trust the government with this decision—they didn't see it coming. What else might they not see coming?"

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 Viewpoint: Vivek Wadhwa

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 Investing: Europe

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