Today's Paper: Europe

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	March 31, 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 'Big Bang' Pioneers Rethink Banking Overhaul As the G-20 meets to fix the global financial system, some architects of the reforms that begat the system are questioning the ideal of unfettered capitalism on which it was built. • Leaders Favor Domestic Companies • Photos: London Prepares for the G-20 • Complete Coverage: G-20 Summit   Bankruptcy Leads Possible Plans for GM, Chrysler The Obama's administration's leading plan to fix GM and Chrysler would use bankruptcy filings to purge the ailing companies of their biggest problems, including bondholder debt and retiree health-care costs.   A2 • Fatal Standoff Exposes Pakistan's Vulnerabilities   A3 • Moscow Warns on Low Oil Prices • Oil Firm Buys Stake in Hungary's MOL   CORPORATE NEWS A4 BYD Is in Battery-Supply Talks China's BYD is in talks to supply its battery technology to other car companies in Europe and the U.S.   Russia Promises Auto Aid Prime Minister Putin announced nearly $1 billion in government loans for Avtovaz, Russia's largest auto maker.   At Peugeot, New Boss Faces Stubborn Woes Peugeot Citroën's new CEO will have to deal with manufacturing overcapacity and a bloated cost structure just as closing factories in France has become politically impossible.   A5 • Proton Will Make Electric Vehicles For Dutch Firm • THE MIDDLE SEAT: Airlines Hopeful of Summer Upturn   A6 • Abbott Considered Acquiring Wyeth • Abbott Labs Stent Gets a Boost in Trial • Strong 'Monsters' Feeds Hollywood's 3-D Hopes   A7 • Skype to Launch iPhone Software • German Railway Head Offers to Quit in Scandal • Crestor Cuts Risk of Clots in Study   A8 • Kidney-Cancer Drug Approved • Google Begins China Music Service • VF Dresses Up Its Operations, Bucking Recession   ECONOMY AND POLITICS A9 Spain's Price Drop Stokes Worries Spain became the first country in the euro zone to post an annual decline in consumer prices.   Hungary's Ruling Party Picks Premier Hungary's latest candidate for prime minister pledged to carry out swift and painful fiscal measures to protect the economy from further strain.   World Bank Sees Russian Economy Contracting 4.5% Russia's economy will contract by 4.5% in gross domestic product terms in 2009 amid a further massive retreat of capital, the World Bank said.   A10 • Iran's Renewed Border Dispute With Iraq Threatens to Hinder U.S. Efforts • CAPITAL JOURNAL: Obama Walks a Fine Line   A11 • China Seeks More Involvement -- and More Clout • Korean Launch Could Spur Arms Sales • Gandhi Family Scion Seeks to Draw Youth to Politics   A12 • Minister Says Japan Plans Major Stimulus • Gadhafi Storms Out as Arab Summit Gets Underway • Tighter Credit Prompts Concern About Food Supply • Korea is nearing current-account surplus record • China reopens parts of Tibet to tourist trade   A13 OPINION Cap and Trade War Team Obama floats a carbon tariff.   'Charter' Democrats in China The multiparty movement continues to gain momentum—and some prominent members.   Kim's Latest Hostages North Korea is trying to do to Obama what it did to Bush.     A14 •  PETER J. TANOUS: How Long Until Stocks Bounce Back? • STATE OF THE UNION: Just Another Bush   A15 OPINION DAVID B. RIVKIN JR. AND LEE A. CASEY Why Card Check Is Unconstitutional Only secret ballots are consistent with the First Amendment.   GRAHAM ALLISON AND JOHN DEUTCH The Real Afghan Issue Is Pakistan The president has his priorities reversed.     A16 • MANAGEMENT: For Wagoner, $21 Million at the Exit • CEO Change Begs Question About Banks • MANAGEMENT: Veteran Henderson Will Take Reins of Auto Maker   MARKETPLACE A29 Lance's Plan for France -- Off the Bike Lance Armstrong has discussed the idea of buying the Tour de France and is interested in creating an organization that would run professional cycling. • Interactive: Cycling's Power Brokers   HEALTH JOURNAL The Man, the Gland, the Dilemmas Prostate cancer poses some of the most vexing questions in medicine. Here's a look at new diagnostic techniques that may help to resolve some of these quandaries. • Discuss: Are you checked annually for prostate cancer? • Interactive: Three Prostate Biopsy Procedures   A30 • Graduating With a Major in Go-Getting   A31 • Treasury Has $134.5 Billion Left in TARP   A32 • HEARD ON THE STREET: The End of the Road Is Nigh • HEARD ON THE STREET: Distressed Bank Investors Are Aiming for Preferred Treatment • U.K. Confidence Improved Slightly Amid Stimulus View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A19 Barclays Eschews U.K. Insurance Plan Barclays decided against taking part in the U.K.'s asset-insurance plan, betting it can weather the economic downturn without state support.   Banks, Autos Sink European Markets European shares ended sharply lower, with financial and auto shares leading the broad-based falls. Germany's DAX tumbled 5% and the U.K. FTSE fell 3.5%. • Data: Overview | Treasurys | Crude | Gold   GM, Banks Lead Stock Drop Stocks slumped on worries about the auto sector and more selling in financials. The Dow industrials fell 254 points.   MANAGEMENT France Bans Firms It Aids From Issuing Stock Options France banned companies that get state aid from issuing options to top managers, and it limited other forms of compensation.   A20 • Yen's Weakness Seen to Continue • Fifth Third to Sell 51% Stake in Its Payment Unit to Advent • CREDIT MARKETS: Treasury Yields Resist the Fed • COMMODITIES REPORT: Crude Slips Below $50 a Barrel   A21 • AIG Delays, Cuts Funding on Several Land Ventures • S&P Cuts Rating on Ireland Credit as Deficits Grow • Goldman's Trott to Start Firm, With Backing From Buffett • U.K. Lender Gets Pieces of a Rival   A22 • Sam Zell Looks to Brazil to Change His Luck • New Task Seen for Fannie, Freddie • Pay at Nonprofits Gets a Closer Look   A23 • Bond Issues Might Be Too Big to Swallow • Truell Brothers Set Up Environmental Tech Fund   A24 • Fate of PCCW Buyout Hinges on Court Ruling • Asian Deal Makers Took 1st-Period Hits • Nikkei Slips 4.5% as Autos Tumble   A25 • State Bank of India -- Has Cash, Will Lend • Calpers Tells Hedge Funds to Fix Terms -- or Else

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