Unlike the United States, Germany never had a housing bubble. Its mortgage market is too tightly regulated. But some German banks did lose a lot of money in the financial crisis. The network of institutions called landesbanks have became a cautionary tale about risky investing.
French President Nicolas Sarkozy is heading for a runoff in the race for the presidency. After a first round of voting, he trailed Socialist Francois Hollande. Far-right candidate Marine Le Pen finished a strong third. The top two candidates head to a runoff May 6.
He faces Socialist Francois Hollande who led in the first round of voting. French voters defied expectations and handed a surprisingly strong third-place showing to far-right candidate Marine Le Pen. The vote was seen as a referendum on Sarkozy at a time when many French voters are worried about the economy.
On Sunday morning, Formula One racing cars are competing for first place in a controversial race in the Arab kingdom of Bahrain. Violent anti-government protests have continued in the run-up to the race. Host Rachel Martin talks with Nabeel Rajab, president of the Bahrain Center for Human Rights.
In France, residents go to the polls Sunday in the first round of a two-part presidential election. The top two vote-getters from Sunday's balloting go to a runoff on May 6. As NPR's Eleanor Beardsley reports, incumbent President Nicolas Sarkozy is trailing Socialist candidate Francois Hollande.
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