The European Union is planning to offer €150 million ($220 million) in aid to European farmers who have suffered huge financial losses since the outbreak in early May of E. coli in northern Germany. The agricultural industry across Europe took a hit when inability to determine the source of the outbreak caused fear of consuming fresh produce. The question now: Is €150 million enough to make up for their losses? Here are the five countries most severely affected by the crisis.
The Dow fell about 61 points, with a weak performance by banks and energy
Following a dismal performance Wednesday, the Dow fell about 41 points, the S&P 500 dropped about one point, and the Nasdaq gained about four points
Stock prices mostly rise on world markets. Germany, France, and several Asian markets see stock prices go up. But markets in US, Britain closed due to holidays.
Usually more growth begets more inflation. But ironically, fiscal austerity and higher taxes are boosting inflation in Greece, Portugal, Spain, and Italy.
Sarkozy, Obama, and the other leaders at the G8 should be evaluating the policies that have brought them to the brink of financial ruin. Unfortunately, their attention will be elsewhere: on Internet regulation, for one thing.
The Dow fell about 25 points, after rising and falling throughout the session. A positive call on commodities by Goldman Sachs drove up the price of oil and metals.
The Dow fell about 130 points, with rising concern that European debt problems are worsening