Eurozone leaders to meet for crisis summit Sunday
Submitted by William Kaelin on Fri, 10/10/2008 - 22:57.
The heads of state and government of the eurozone countries plan to meet Sunday in Paris for a summit on a way out of the global credit crunch engulfing their shores, the Elysee Palace said in a statement Friday.
"Aim of the meeting is to define a common plan of action for the eurozone nations and the European Central Bank to confront the current financial crisis," the French statement said.
France is the current president of the European Union.
The German car market is facing its worse downturn, the nation's auto industry association warned Wednesday as the deepening sense of economic gloom in the country leads to a shakeout in the industry and the prospects of big job cuts.
A comedy starring Vince Vaughn and Reese Witherspoon as a couple trying to avoid their families at Christmas debuted in first place over the weekend at North American box offices, according to preliminary studio estimates issued Sunday.