Today's Paper: Europe

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	March 26, 2009 -- 5:30 a.m.

Visit WSJ.com at U.S. | EUROPE | ASIA News by section: Page One | Corporate News | Economy and Politics | Money and Investing | Marketplace   PAGE ONE A1 Bosnia Risks Sliding Into Turmoil, Diplomat Says The top diplomat overseeing Bosnia and Herzegovina says the country risks deep political instability unless the international community acts to break a deadlock over the country's future.   Top Barclays Officers Land in Hot Seat Barclays shareholders are becoming restless as Chief Executive John Varley and Chairman Marcus Agius scramble to keep the bank out of government hands.   U.K.'s Brown Denies G-20 Stimulus Split U.K. Prime Minister Brown sought to play down a G-20 split over stimulus plans and said Britain is already cutting government spending and rates. • British Bond Auction Fizzles • German Confidence Slumps to New Low • Czech Premier Slams Obama Stimulus Plan   A2 • In Europe, Rage Over Crisis Hits Executives • U.K. Bond Auction Fails for First Time in 14 Years   A3 • Nuclear Watchdog to Elect Chief • Diebold CFO Receives Wells Notice, Steps Down   CORPORATE NEWS A4 Southwest Airlines CEO Flies Uncharted Skies Southwest Airlines is navigating one of the industry's most turbulent periods by expanding into new markets and tinkering with its low-cost service.   Qantas to Trim and Reorganize Management Qantas is cutting 90 senior-management positions across the airline as it streamlines operations.   Globalstar Secures Financing From France's Export Credit Agency Globalstar has received a $574 million lifeline from France's export credit agency that it can use to acquire and launch satellites to replenish its faltering fleet.   TUI Sees Operating Loss in 2009 German tourism and shipping company TUI said its operating earnings would fall in 2009 on a steep decline in container-shipping revenue.   A5 • Zara Grows as Retail Rivals Struggle • Volvo Bidders Talk to Ford; Gephardt Gets a Board Seat • MANAGEMENT: Pay Falls 37% for Ford's Mulally   A6 • Huawei Tries to Crack U.S. Market • IBM to Cut U.S. Jobs, Expand in India • Glaxo to Acquire Shares in Aspen   A7 • PetroChina Profit Drops; Output Curbs Expected • Rusal to Slash Costs, Output • Constellation Cuts Outlook for Earnings • Sands Takes Steps Toward Debt Buyback • China Defends Ruling on Huiyuan Deal   A8 • Czech Brewer Wins Suit Over Budweiser Naming Rights   ECONOMY AND POLITICS A9 Geithner Wants New Rules to Check Risks Geithner will call for changes in how the government oversees risk-taking in financial markets, pushing for tougher rules on how big companies manage their finances.   CAPITAL Geithner's Plan Carries a New Set of Risks Geithner at last has the final piece of his financial-rescue plan. But will there be buyers and sellers? And what happens if it doesn't work? • Video: Will Private-Public Partnerships Work? • Discuss: How would you rate the plan?   A10 • Obama Defends Budget, Says Spending Will Pay Off • New-Home Sales Rise 4.7% • Drive to Tax AIG Bonuses Slows   A11 • Obama Asks Democrats to Preserve Budget Priorities • Sharp Trade Declines Ripple Through Japan's Broader Economy   A12 • Romania Agrees to a Rescue • Turkey Indicts 56 More in Military-Coup Case • German Business Confidence Slipped to New Low in March   A13 OPINION Pain Iran Can Believe In Diplomacy has no chance without tougher energy sanctions.   Britain Fights Home-Grown Islamists The Labour government unveils a new antiterror strategy.   The Power of 41 Chipping away at the support for "card check."     A14 OPINION HERNANDO DE SOTO Toxic Assets Were Hidden Assets We can't afford to allow shadow economies to grow this big.   VINCENT REINHART Why Congress Will Kill the Bank Rescue What happens when the hedge funds make profits?     A15 OPINION BUSINESS EUROPE A Relic of a Rule By Didier Martin and Forrest Alogna The "real seat doctrine" doesn't belong in 21st-century Europe.     A16 • South Africa Cuts Key Rate; Economy Heads for Recession • Nigeria Sets Out to Undo a Reputation for Trouble   MARKETPLACE A29 PERSONAL TECHNOLOGY Some Favorite Apps That Make iPhone Worth the Price Walt Mossberg presents minireviews of iPhone apps that make the gadget worth the price. • Photos | Video | Mailbox   Global Demand for Smart Phones Ebbs World-wide sales growth of smart phones slowed in the fourth quarter of last year as the economic downturn curbed consumer demand.   A30 • ADVERTISING: Grape Nuts Takes Aim at Men • Facebook Tweaks Design Change   A32 • HEARD ON THE STREET: Credit Disconnected • HEARD ON THE STREET: The More Important Gilt Result • LaHood Pitches Mexico Truck Plan to Skeptical Lawmakers • U.S. Plans New Drone Attacks in Pakistan View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A19 Obama Administration Revives Tax Battle With Oil Industry The Obama administration's push to raise taxes on the oil industry is reigniting a battle the industry fought and won last year.   For Centuries-Old Bank, Crisis Poses a Tough Test Monte dei Paschi, one of the world's oldest financial institutions, is expected to ask the Italian government for financial help.   Aircraft-Leasing Unit Seeks to Refinance AIG's aircraft-leasing unit is seeking to refinance billions of dollars in short-term debt to continue operations.   A20 • Late Jump Leaves Stocks Up • FTSE eases in mixed day; Siemens falls on dim view • Dollar pares losses after early fall   A21 • On Wall Street, Talk of Trust and Civil War • BayernLB Swings to a Loss, Reports Good Start to '09 • RAB Capital Slips to a Loss as Assets Decline • U.S. efforts help to stabilize the lending markets   A22 • Two Key Faces of Merrill Will Skip the BofA Era • Treasury's Top Candidate to Run TARP Drops Out • BofA to Fold Premier Into Merrill Unit • Poland, Norway Cut Rates; Further Easing Is Likely   A23 • Former Icons of the Boom, PIKs Are Back • Morgan Stanley Picks Head for EMEA Funds   A24 • MUFG Aims to Acquire Parts of Two U.S. Banks • China snaps 7-day win streak amid mixed trading in region   A25 • New Chapter in Bankruptcy: More Firms Open Up Early • Premier Oil to Buy Oilexco North Sea • ICBC, Goldman Strike Stake Pact • China Raises Gasoline Prices

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