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| Europe Manufacturing Recession Worsens in December |
| Nowotny Says ECB’s Liquidity Measures Need Time to Take Effect |
Right, time to wait for a US fiscal response large enough to help the eurozone as well as the US.
| Merkel hints at German tax cuts |
| Spain Manufacturing Contracted at Record Pace in December |
| German Home Foreclosures Fell 3.7% in 2008, Sueddeutsche Says |
| Sarkozy Says He’s Ready to Do More to Spur Economy |
| European Bonds Fall as Gains by Stocks, Low Yields Deter Buyers |
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