Leaders of Germany, France, Italy and Spain met Friday in Rome to find a way out of its current financial crisis ahead of a full European Union summit next week. Robert Siegel talks to Matthias M. Matthijs, Assistant Professor of International Political Economy at Johns Hopkins University, for more.
Kofi Annan is trying to rally the international community to bring the violence in Syria to an end. Annan even suggested that Iran should be consulted, an idea the United States doubts.
NPR's Michele Kelemen filed this report for our Newscast unit:
"The joint UN and Arab league envoy, Kofi Annan, is trying to convene a meeting next weekend in Geneva. He told reporters there it is time for countries with influence to increase the pressure on the parties in Syria to stop the killing and start talking.
When Moody's downgraded the credit ratings of most major U.S. banks on Thursday, you'd have thought Friday would be a tough day for bank stocks.
But bank stocks ticked up — largely because investors were relieved. They had feared the downgrades would be worse. The Dow Jones industrial average was recovering from Thursday's 250-point drop, the second-worst of the year.