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Article: EUROPE AT 1200GMT

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AP Worldstream
Article date:
April 21, 2008
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EDITORS: The following is a digest of Europe's top general news, financial, sports and enterprise offerings at 1100GMT.

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BRITAIN-CREDIT CRISIS

LONDON _ The Bank of England, aiming to deal with an economically crippling impact of the U.S. subprime mortgage crisis, announces a 50 billion-pound (US$100-billion 63-billion) plan to allow banks to swap mortgage-backed securities for Treasury bills. Developing. By Robert Barr.

SPAIN-TRAWLER HIJACKED

MADRID, Spain _ Pirates have hijacked a Spanish fishing boat with a crew of 26 off the coast of Somalia, the government says.A Spanish frigate in the area is now headed toward the scene of the hijacking, a ...

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