Europe Shares Close Down As Italian Crisis Persists

Sent! A link has been sent to your friend’s email address. Join the Nation’s Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Researchers see comeback for Europe’s rare animals AP 1:02 p.m. EDT September 26, 2013 European bison also known as wisent, gather in the woods near Bad Berleburg, Germany in September. (Photo: Marius Becker, AP) Wild boars, greys wolves and white-tailed eagles have made a comeback in Europe Study claims dozens of species have been brought back from the brink of extinction Researchers noted that many of the 18 mammal and 19 bird species studied in the report remain in peril SHARE 1 CONNECT 20 TWEET COMMENTEMAILMORE BERLIN (AP) Wild boars, greys wolves and white-tailed eagles have made a comeback in Europe thanks to decades-long conservation efforts. A study published Thursday by the London Zoological Society claims dozens of species have been brought back from the brink of extinction and some are now thriving. Researchers from BirdLife International and the European Bird Census Council contributed to the study, which found that protecting habitats, restricting hunting, reducing pollution and the careful reintroduction were key to the species’ survival. The population of European bison, also known as wisent, has increased more than 3,000 percent since the 1950s, the study said. Still, researchers noted that many of the 18 mammal and 19 bird species studied in the report remain in peril. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. USA NOW

European shares closed down on Friday, as a growing political crisis in Italy weighed on sentiment, combined with continual U.S. debt worries. The pan-European FTSEurofirst 300 Index provisionally closed down 0.3 percent to 1,254.03 points, with the Italian FTSE MIB Index losing 1.3 percent, after the country had to pay the highest yield since June to borrow over 10-years at an auction, reflecting worries that economic reforms may be derailed if the government collapses. Italian prime minister Enrico Letta flew back from a trip to New York on Friday to meet with the country’s president and try to resolve a political crisis that is threatening to tear the government apart. The two will meet to discuss a tense political situation after Silvio Berlusconi’s center-right People of Freedom (PDL) party issued a threat on Wednesday to pull out of the country’s fragile coalition government. (Read More: Italy crisis rages as Berlusconi ‘crunch time’ nears ) Wolf Piccoli, managing director at Teneo Intelligence, told CNBC Friday that the situation is very volatile but did not expect any fresh elections to be called. “(It’s) crunch time for Berlusconi,” he said. “He knows over the next three or four weeks that it is basically the last phase of his political battle.” U.S. stocks were sharply lower Friday, with major averages poised to finish lower for the week, following the latest consumer sentiment report and as mounting concerns of a potential government shutdown weighed on markets. Congress must reach an agreement on the budget before October 1, next Tuesday, to prevent a government shutdown that could result in federal employees taking unpaid temporary leave and a delay in the payment of military personnel. Reuters reported on Wednesday that Senior Republican Jeff Sessions said there will be no shutdown or government default. House speaker John Boehner said a Republican proposal is coming that will tie federal government spending cuts to a U.S. debt limit increase. (Read More: Brawl in US Congressshould the world care?

German elections and Europe’s economy: Five things you need to know

The markets welcomed Merkel’s re-election and the expectation it will provide a steady approach to the financial crisis. Europe has begun to show signs of recovery, and disruption would not be welcome. Germany’s skilled immigration boom But Merkel does face challenges. A grand coalition will require her to make concessions that may impact her plans. In 2005 it took almost a month to negotiate a coalition — so there could be weeks of uncertainty in European markets before the government is actually formed. Is there an alternative for Germany? Will there be more bailouts under a Merkel coalition? Germany and Greece have both acknowledged the latter will require further financial assistance. The IMF-led bailout for Greece is due to expire next year, leaving the nation with a financial shortfall of around 14 billion euros. Greece, which has already received two bailouts, may find itself facing more conditions as it seeks a third round of aid from its European peers. Portugal, which has been bailed out once, is expected to face problems if it attempts to return to the bond markets. As a result, bailouts and haircuts are likely to remain on the agenda for Merkel’s third term even as the eurozone enters a recovery phase.