Word: european
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...further evidence was needed that the long-dreaded global economic slump is now upon us, the Eurozone - the 15-nation economic bloc that uses the common European currency - was formally declared to be in recession, for the first time since the euro was adopted nearly a decade ago. Oddly enough, Asian and European equity markets responded to the dismal news by posting gains of between 0.5% to 4% throughout...
...That modest, albeit startling growth allowed French officials to express the hope that a recession may yet be averted. But with the entire 27-nation European Union economy sliding .02% in the third quarter, and major industries such car manufacturing posting a combined 15% drop in sales last month, experts advise against viewing Europe's economic glass as anything but half empty, and leaking...
...Despite the predictable expressions of condemnation issued this week by countries like the U.S. and Britain, there's little that the West appears able to do to convince the junta, which has ruled since 1962, to treat its citizens more humanely. Economic sanctions by the U.S. and the European Union are undercut by the eagerness with which China and other Asian countries do business with Burma's generals. Although one of Asia's poorest nations, Burma holds a wealth of natural resources like timber, natural gas and precious stones...
...this be very clear: If I don't get concrete results, I'll take off," Sarkozy warned Saturday following a meeting of European Union heads to prepare a common position for the Nov. 15 summit. "I'll leave Washington and come home." (See Today in Pictures...
...especially to multilaterally binding measures enforced by international organizations. But since then, the lame-duck Bush Administration has signaled its opposition to any significant change to the current system of national regulations. And though President-elect Barack Obama's decision not to attend the event disappointed Sarkozy and other European leaders, some hope he'll be attentive to the concerns and proposals aired in his absence. (See pictures of President Bush in the Middle East...