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Yahoo! News: Business - European Economy
Updated : Mon, 01 Dec 2008 20:43:55 GMT

Icelanders rally to protest economic meltdown (AP)

Around 2000 demonstrators crowd into a city square in Reykjavik, Iceland, Monday Dec. 1, 2008, during a protest provoked by the country's economic collapse, waving various posters demanding the resignation of those thought to be responsible. The global credit crunch has brought down the country's three main banks, many businesses have failed, unemployment has risen, prices have shot up, the value of the country's currency, the krona, has plummeted and Iceland is seeking U.S. $10 billion in aid from international funds to support its financial systems. (AP Photo/Brynjar Gunnarsson)AP - Thousands of Icelanders marked the 90th anniversary of their nation's sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country's spectacular economic meltdown.



Publ.Date : Mon, 01 Dec 2008 20:22:48 GMT

European, US markets slump on economic gloom (AP)

Traders work on the floor of the New York Stock Exchange, Monday, Dec. 1, 2008. (AP Photo/Richard Drew)AP - European and U.S. stock markets slumped Monday, giving up around half of last week's gains, after a raft of weak economic data renewed fears that the global economy is slowing sharply. Asian shares closed modestly lower.



Publ.Date : Mon, 01 Dec 2008 17:07:42 GMT

Quest for new climate treaty begins in earnest (AP)

Participants attend the opening session of the U.N. Climate Change Conference in Poznan, Poland, Monday, Dec. 1, 2008. Delegates from about 190 countries and non-governmental organizations came to Poznan to discuss climate change issues.  (AP Photo/Alik Keplicz)AP - Negotiators kicked off the final yearlong push Monday for a new climate change treaty — but with the U.S. government in transition, the European Union in disarray and a worldwide economic crisis, chances were hazy for a quick agreement on reducing greenhouse gas emissions.



Publ.Date : Mon, 01 Dec 2008 20:00:03 GMT

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