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...Some leaders have insisted that the E.U. should not waver. French President Nicolas Sarkozy declared that the targets and timetable would be upheld, but offered "solutions" for those having trouble meeting them. "The climate package is so important that we cannot simply drop it, under the pretext of a financial crisis," he said. "If we scale back our ambitions then we count for nothing...

Author: /time Magazine | Title: Is Europe Backsliding on Climate-Change Targets? | 10/16/2008 | See Source »

...Parisian restaurant beloved by tourists and locals alike. But these days - with the euro still strong and economies seizing up around the globe - the foreign visitors that typically make up a third of Bonduel's clientele have been thinning out and spending less. To make matters worse, many French visitors to his restaurant, Au Bon Saint-Pourçain - a stone's throw from the Saint-Sulpice church in Paris' tony sixth arrondissement? - are also eating and drinking less than usual. "I've checked the accounts, and I know I'll make no profit this month," says Bonduel...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...cash flow, then sell those assets to the public, letting shareholders take over the debt. Macquarie and imitators like Australia's Babcock & Brown make money at every step, with fees for the deal, for advice, and for managing the assets. Macquarie runs toll roads in America, bridges in Portugal, French autoroutes, a tunnel in Germany, and airports from Sydney to Copenhagen. About 290 million people ride its buses each year, and 17 million light...

Author: /time Magazine | Title: End of the Toll Road? | 10/16/2008 | See Source »

...French President Nicolas Sarkozy is used to his decisions sparking street demonstrations, but he probably hadn't counted on Italian citizens flocking to picket the Elysée Palace. That's the threat Sarkozy now faces after reversing a pledge to extradite a former Red Brigades member Italy has convicted of murder. Amid accusations of justice denied, the Italian Association of Terrorism Victims says its members will travel to Paris on Saturday to denounce the reversal, which was at least partly the work of the President's Italian-born wife, Carla Bruni...

Author: /time Magazine | Title: Is Carla Bruni-Sarkozy Soft on Terror? | 10/16/2008 | See Source »

...always boo La Marseillaise, just for the fun of watching the tight-asses wig out," says a 38 year-old, long-time, lilywhite French football fan who asked to be identified only as 'Foot-ex' in order to avoid any retribution. "It's harmless, but effective. Just look at the reaction today. You'd have thought the economic crisis had gone away...

Author: /time Magazine | Title: Booing the Marsellaise: A French Soccer Scandal | 10/15/2008 | See Source »

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