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2:25am

Fri November 4, 2011
Europe

Housing, Banks Weigh On Spain's Fragile Economy

Originally published on Fri November 4, 2011 10:22 am

A broker uses a phone in front of the main screen at the Stock Exchange in Madrid, Spain. The country's central bank recently warned of "troubled exposure" to real estate, heightening fears about the stability of Spain's banks.
Daniel Ochoa de Olza AP

With Greece in flux over whether it'll remain in the eurozone, other weak economies like Spain are feeling the heat.

The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both the banks and the housing market in jeopardy. Real estate prices in Madrid are still high, though salaries are frozen and unemployment soars. When Ireland's housing bubble burst, prices dropped more than 40 percent. But in Spain it's an 18 percent drop on average.

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2:00am

Fri November 4, 2011
NPR Story

Greek Prime Minister Struggles To Retain Power

Prime Minister George Papandreou has backed down from a referendum on the European Union bailout package and he faces a vote of confidence Friday. NPR's Sylvia Poggioli tells host Steve Inskeep his future is uncertain.

2:00am

Fri November 4, 2011
NPR Story

Afghan Security Under Fire As Troops Leave

Originally published on Fri November 4, 2011 8:20 am

Transcript

RENEE MONTAGNE, HOST:

Last weekend brought the deadliest attack yet on NATO forces in Kabul, one of a series of attacks bold enough to make headlines, beginning with the 20-hour siege of the American embassy. Those attacks over several weeks raised new concerns about security in Afghanistan's capital. One militant group in particular, the Haqqani Network, is thought to have orchestrated the most spectacular attacks. Seth Jones is the author of "In the Graveyard of Empires." Good morning.

SETH JONES: Good morning, Renee.

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2:00am

Fri November 4, 2011
World

Details Unearthed On America's 'Ally From Hell'

Originally published on Fri November 4, 2011 8:20 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Ever since the American raid that killed Osama bin Laden, a fresh layer of tension has crept into relations between the U.S. and Pakistan. The Navy Seals who landed undetected in Abbottabad left Pakistanis wondering if they might land somewhere else next. Some Pakistanis ask if the U.S. might seize Pakistan's nuclear weapons.

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2:00am

Fri November 4, 2011
Asia

Pakistan, India Trade Deal Sprouts New Possibility

Pakistan has opened the door to billions of dollars worth of new trade with India. The decision might help reduce political and military tensions between the two rival nations.

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