http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 20 Nov 2008 2:39:37 CSThttp://www.newser.com/story/37465/european-banks-loosen-purse-strings.html?refid=rss_all_defaultThe weekend’s storm on Wall Street has prompted Europe’s central bankers to make billions of dollars available on the cheap to global money markets as a levee against a rising flood of fresh turmoil, the New York Times reports. The European Central Bank has pledged $43 billion and the Bank of England $9 billion to help stabilize markets.http://www.newser.com/story/37465/european-banks-loosen-purse-strings.html?refid=rss_all_defaultMon, 15 Sep 2008 5:51:31 CDThttp://www.newser.com/story/36381/pound-plunges-to-record-low-against-euro.html?refid=rss_all_defaultThe British pound has sunk to its lowest level ever against the euro since the European currency was introduced in 1999, the Financial Times reports. The fall follows Chancellor Alistair Darling's dire warning that the outlook for the British economy is the worst in 60 years. The pound dropped to $1.79 against the dollar, its lowest since April 2006.http://www.newser.com/story/36381/pound-plunges-to-record-low-against-euro.html?refid=rss_all_defaultTue, 02 Sep 2008 0:17:06 CDThttp://www.newser.com/story/35516/inflation-hurts-us-workers-europeans-keep-pace.html?refid=rss_all_defaultWorkers in the US are falling behind inflation while their counterparts in the 15-nation Eurozone are keeping pace, in part because of more powerful unions, the Wall Street Journal reports. But rising wages may damage the European economies, as they deter companies from hiring and in turn boost inflation. When wages are indexed to prices, an inflationary spiral is particularly hard to break, the paper observes.http://www.newser.com/story/35516/inflation-hurts-us-workers-europeans-keep-pace.html?refid=rss_all_defaultFri, 22 Aug 2008 6:58:24 CDThttp://www.newser.com/story/32484/world-markets-tumble-dollar-hits-new-low.html?refid=rss_all_defaultWorld stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market territory, having lost 21% of its value since October.http://www.newser.com/story/32484/world-markets-tumble-dollar-hits-new-low.html?refid=rss_all_defaultTue, 15 Jul 2008 6:54:54 CDThttp://www.newser.com/story/31252/euro-weary-french-village-reverts-to-franc.html?refid=rss_all_defaultSix years after scrapping the franc for the euro, one sleepy town in southern France has reverted, the New York Times reports. Says the mayor of Collobrières, population 1,600, “We lost something with the franc. We lost an identity. We moved very quickly into Europe, maybe too quickly.” Villagers also blame the euro for rising prices and find the faceless pan-European currency bland.http://www.newser.com/story/31252/euro-weary-french-village-reverts-to-franc.html?refid=rss_all_defaultMon, 30 Jun 2008 5:54:58 CDThttp://www.newser.com/story/29935/dollar-soars-to-biggest-weekly-gain-in-3-years.html?refid=rss_all_defaultThe dollar posted its biggest gain in almost 3 years this week, soaring 2.5% against the euro and 2.8% against the yen. This morning in London the dollar was trading at $1.54 against the euro, with analysts predicting a rise as high as $1.45 by year's end. European politicians are delighted with the greenback's resurgence; Christine Lagarde, France's finance minister, called it "very satisfying."http://www.newser.com/story/29935/dollar-soars-to-biggest-weekly-gain-in-3-years.html?refid=rss_all_defaultFri, 13 Jun 2008 5:08:23 CDThttp://www.newser.com/story/26444/weak-dollar-not-slowing-us-vacations.html?refid=rss_all_defaultThe dollar may be weak, but Americans’ desire to travel overseas this summer is strong, the Los Angeles Times reports. While domestic travel has appeared to hit the skids, more than 25 million Americans will grab their passports and take off for adventures abroad—up 2.6% from last year, AAA says.http://www.newser.com/story/26444/weak-dollar-not-slowing-us-vacations.html?refid=rss_all_defaultSun, 04 May 2008 8:11:14 CDThttp://www.newser.com/story/26341/french-pm-lobbies-us-on-weak-economy.html?refid=rss_all_defaultWhile Nicolas Sarkozy struggles with the sputtering French economy at home, his prime minister has traveled to Washington to spur international action. François Fillon will meet with Ben Bernanke and Hank Paulson today, where he is expected to press the US on the subprime crisis, the weak dollar, and the need for an appreciation of the Chinese yuan, reports the AP.http://www.newser.com/story/26341/french-pm-lobbies-us-on-weak-economy.html?refid=rss_all_defaultSun, 04 May 2008 8:11:14 CDThttp://www.newser.com/story/26255/euro-about-to-mark-10-years.html?refid=rss_all_defaultLike many 10-year-olds, the euro has had its ups and downs, but its current ascendancy is worrying, and not just to fans of the weakening dollar; some European states are chafing at the strength of their common currency, the New York Times reports. The German economic engine is causing high prices and ballooning debt in countries such as Greece, Italy, Spain, and Portugal.http://www.newser.com/story/26255/euro-about-to-mark-10-years.html?refid=rss_all_defaultFri, 02 May 2008 21:21:38 CDT