Europe

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News Flash: WWI Ends Sunday
 News Flash: 
 WWI Ends Tomorrow 
in case you missed it
Oct 2, 2010 11:45 AM CDT

News Flash: WWI Ends Tomorrow

Germany to pay final installment of war reparations

(Newser) - Ninety-two years after the end of combat, World War I comes to an end of sorts tomorrow when Germany pays off the final installment of its war reparations. The payment of about $94 million in interest on foreign bonds will complete Germany's obligations under the Treaty of Versailles, reports Der ...

CIA Ups Drone Strikes to Foil Euro Terror Plot

Drones target Pakistan as Europe sits on high alert

(Newser) - The CIA has launched a flurry of drone attacks in Pakistan in an attempt to disrupt a huge suspected terrorist plot against European targets, according to the Wall Street Journal . While the exact nature of the plot is unclear, there have been multiple warnings in France, Germany, and the UK...

Artist Puts Our Stereotypes on the Map

Innovative 'cartographer' outlines prejudices

(Newser) - Americans thinks the French are "smelly," the Italians "godfathers" and Russians "Commies." At least that's the view of a Bulgarian artist living in London who has created seven maps of different nations' stereotypes that have become an internet hit. In Yanko Tsvetkov's map of French...

Jobless 'Wasteland': Europe, US on Brink of Social Revolt

Recession left 'gaping wounds' says IMF head

(Newser) - To those who think the worst of the recession is over, the head of the IMF has this to say: "We are not safe." An astounding 30 million jobs have been lost since the beginning of the financial crisis , three-quarters of those in richer economies, a new report...

Europeans Surveyed on Toplessness
Europeans Surveyed
on Toplessness
Jul 27, 2010 4:09 PM CDT

Europeans Surveyed on Toplessness

And guess what? They're in favor

(Newser) - No surprise—they like it. It turns out the Germans like toplessness the most—99% approve (at the beach and pools only, of course.) The prudish Brits come in second with 93% approving of topless bathing. The usually progressive Swedes were at the bottom with only 81% approving of...

Mystery Investor Buys Every Cocoa Bean in Europe

Who's hoarding all that cocoa, and why?

(Newser) - The supply of cocoa beans sitting in warehouses across Europe could fill more than 5 Titanics, and as of last week it all belongs to one mysterious figure. An anonymous investor sparked intrigue last week when he, she, or they bought 241,000 tons of cocoa—essentially, every cocoa bean...

Hundreds Rescued From 122° German Trains

Air conditioning breaks, windows don't open

(Newser) - The high technology of a modern German train whose windows don't open backfired badly yesterday when the air conditioning broke on 3 trains, sending temperatures inside the trains to 122 degrees and forcing the evacuation of more than 1,000 Deutsche Bahn passengers. One of the trains lost its air...

Dr. Doom: Europe on Path to Recession

And America might 'run into the wall'

(Newser) - Dr. Doom isn't happy with what he sees happening in Europe, which the NYU economist (real name Nouriel Roubini) says is on the path to recession or something very much like it. Some interview highlights, as reported by Reuters and Bloomberg :
  • In the euro zone, "growth will fall toward
...

Germany OK's Eurozone Rescue Deal

Lawmakers say yes to $1 trillion bailout

(Newser) - The German parliament has approved the country's share of the huge euro-zone rescue package. Europe's biggest economy will contribute between $154 billion and $185 billion in loan guarantees. Without Germany on board, the nearly $1 trillion plan could have failed and kept the euro on its relative freefall. The move...

EU Forges $960B Bailout Fund
 EU Forges $960B Bailout Fund 
May 10, 2010 2:39 AM CDT

EU Forges $960B Bailout Fund

Officials hope it's enough to contain crisis

(Newser) - European officials hammered out a $960 billion bailout fund for nations facing the prospect of default. The bailout is nominally to provide the euro with stability, but is mainly pointed at Greece, with a secondary eye to Spain and Portugal, which are both teetering on economic chaos, reports the Times...

Ash Cloud Cancels Hundreds of Flights

Renewed activity at Icelandic volcano leads to more travel chaos

(Newser) - Hundreds of flights were canceled and delayed today as the reinvigorated ash cloud issuing from an Icelandic volcano spread across parts of Europe and the UK. Three clouds are moving in various directions, closing airports in Scotland, Portugal, Germany, and other countries. The total number of canceled flights since the...

Greece Mess Means Big Trouble for Euro
 Greece Mess Means 
 Big Trouble for Euro 
Paul Krugman
May 7, 2010 8:35 AM CDT

Greece Mess Means Big Trouble for Euro

Athens will probably have to leave the currrency

(Newser) - Greece is not the "next Lehman," writes Paul Krugman. It's not "big enough or interconnected enough" to cause that scale of global mess, or even yesterday's nightmare on Wall Street. But don't be too reassured. "Greece’s problems are deeper than Europe’s leaders are willing...

RT? News: Irish airspace to close from 7am
 Volcanic Ash Closes 
 Irish, Scottish Airspace 
deja vu all over again
May 3, 2010 5:35 PM CDT

Volcanic Ash Closes Irish, Scottish Airspace

Iceland volcano has no new impact on European flights—yet

(Newser) - Just 2 weeks after international air traffic crippled by Icelandic volcano ash started getting back to normal , Irish and some Scottish airspace will close tomorrow morning because of a new drifting cloud. The ban will not affect UK and mainland Europe service or trans-Atlantic flights, reports RTE . "Some of...

European Flights Begin Taking Off Again

Heathrow reopens, but gridlock far from over

(Newser) - London's Heathrow Airport—Europe's busiest—reopened today as air traffic across the continent lurched back to life. But the gridlock created by Iceland's volcanic ash plume was far from over: Officials said it would be weeks before all stranded travelers could be brought home. Passengers wept with relief as flights...

Stranded Europeans Seek Alternate Way Home

Travel disruption still not looking to end anytime soon

(Newser) - Frustrated European travelers stranded overseas struggled to find alternate routes home today, desperate for information on flights into the continent's few airports not closed by a dangerous cloud of ash from an Icelandic volcano. Flights into Rome, Athens, and Madrid became the new hot ticket at many international airports—but...

Volcano Spews Wider Travel Chaos




 Volcano Spews 
 Wider Travel Chaos 
NO END IN SIGHT
Apr 17, 2010 9:40 AM CDT

Volcano Spews Wider Travel Chaos

Worst travel disruption world has ever seen

(Newser) - A lingering volcanic ash plume forced extended no-fly restrictions over much of Europe today, as Icelandic scientists warned that volcanic activity had increased and showed no sign of abating. "The activity has been quite vigorous overnight, causing the eruption column to grow," says an Icelandic geologist. "It's...

Volcano Keeps Europe Grounded

Flight delays may affect 6 million worldwide

(Newser) - That pesky Icelandic volcano with the incredible name—Eyjafjallajokull—continues to ground Europe. More than half of the continent's 28,000 daily flights have been canceled today and disruptions are predicted for at least 24 hours, the Wall Street Journal reports. Up to 6 million people might end up having...

Feds Investigate Whether Hedge Funds Sank Euro

'Idea meeting' may constitute collusion

(Newser) - The Justice Department has begun an investigation into a group of hedge funds that may have colluded to short-sell the euro, driving down its value and driving up their profits. Justice sent a letter to SAC, Greenlight, and Soros—among others—the same day the Wall Street Journal reported that...

Deadly Storms Swamp France
 Deadly Storms Swamp France 
Feb 28, 2010 4:50 PM CST

Deadly Storms Swamp France

Dozens perish after violent winter storm devastates western Europe

(Newser) - Dozens died this weekend as devastating storms swept across western Europe, destroying seawalls, uprooting trees, and causing widespread flooding. France bore the brunt, with as many as 50 people killed, including 25 in the town of l'Aiguillon sur Mer, 300 miles southwest of Paris on the Atlantic coast. Deaths were...

EU Should Go After Goldman, Since US Won't
 EU Should Go After 
 Goldman, Since US Won't 


Greek Crisis
Feb 15, 2010 11:25 AM CST

EU Should Go After Goldman, Since US Won't

Firm helped Greece hide staggering debt, leading to near collapse

(Newser) - With the revelation that Goldman Sachs was peddling exotic instruments to help Greece hide its runaway debts as recently as November, something must be done, Simon Johnson writes. US authorities clearly aren't going to raise a finger—a few phone calls around Washington will ensure that the Fed looks the...

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