Archive for November 7th, 2008

Spain expected to be at summit in US (AP)

Spain's Prime Minister Jose Luis Rodriguez Zapatero arrives at an extraordinary EU summit on the financial crisis at the EU Council headquarters in Brussels, Friday Nov.7, 2008. EU leaders on Friday considered a financial reform to-do list for next week's summit in Washington, with France pushing a deadline for a global deal by late March to prevent a repeat of the Wall Street excesses that caused havoc in markets worldwide. (AP Photo/Geert Vanden Wijngaert)AP - Spain won an invitation to next week's global financial summit after receiving a major boost Friday with France urging the United States to include Madrid, European officials said.

AP

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EU leaders urge rapid results on financial reform (AFP)

British Prime Minister Gordon Brown is pictured at the end of the European Informal Economic Council summit at the headquarters of the European Council in Brussels. An international summit next week in Washington should mark only the beginning of a global revamp of the financial order, EU leaders agreed Friday, calling for a second meeting in early spring.(AFP/Dominique Faget)AFP - An international summit next week in Washington should mark only the beginning of a global revamp of the financial order, EU leaders agreed Friday, calling for a second meeting in early spring.

AFP

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EU ready to offer Iceland a loan, but it could take time: Reykjavik (AFP)

EU Commission President Jose Manuel Barroso is pictured during a press conference in Brussels. The European Union is willing to offer crisis-struck Iceland a loan for an unspecified amount, but it will likely take a while for loan to go through, Iceland's prime minister said Friday.(AFP/Gerard Cerles)AFP - The European Union is willing to offer crisis-struck Iceland a loan for an unspecified amount, but it will likely take a while for loan to go through, Iceland's prime minister said Friday.

AFP

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Moody’s cuts Hungary’s foreign-credit rating to A3 (AP)

AP - Moody's Investors Service said Friday it had cut Hungary's foreign-credit rating by a one notch, from A3 from A2, as the global financial crisis challenged the country's ability to meet debt payments.

AP

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EU summit statement on financial crisis (AP)

AP - Here are excerpts from an agreed statement issued by the 27 EU leaders after their meeting on Friday in Brussels, Belgium, held ahead of a 20-country summit next week in Washington:

AP

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