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  1. Euro-zone deal a turning point

    Posted Jul 03rd 2012, 12:00am

    ... come to be seen as a turning point. Markets soared after euro-zone leaders agreed to a surprise deal to help Spain and Italy, which have been forced to pay unaffordable interest rates to add ... will be the introduction of a new system of euro-zone banking supervision through the European Central Bank, a first step towards a full banking union. The leaders also agreed to open talks on closer fiscal ...

  2. Signs that the euro-zone crisis is finally nearing its endgame

    Posted May 23rd 2012, 12:00am

    ... the issuance of centrally guaranteed 'euro-bonds' to finance economic stimulus programmes in the zone's stricken southern member states. If Berlin agrees, the bonds would result ... of the crisis is that Greece and the other Mediterranean members of the euro zone cannot compete within the single currency. As the second chart shows, between its euro entry in 2001 and 2010, ...

  3. Forget a banking union, only fiscal discipline can save the euro zone

    Posted Apr 28th 2012, 12:00am

    ... of fiscal union? That transnational bank would still have the problem of whether to buy national debt paper and whether to mark them to market. A banking union may solve the euro-zone funding ... in the streets or the polls reject further austerity, then the euro zone could fragment. It is too expensive for it all to break up, but for those undergoing deflation, it may feel like it is too ...

  4. Two's a crowd in euro rescue

    Posted Jan 03rd 2012, 12:00am

    ... domestic product in the euro zone will contract by 1.2 per cent this year. Even Germany may record zero or negative growth. How much unemployment can any country bear, especially when social ... cannot offer a plan with greater vision than saving their own skins. Euro4.3b Germany's contribution to a new euro-zone bailout fund called the European Stability Mechanism, planned ...

  5. Hutchison allays euro fears

    Posted Oct 07th 2011, 12:00am

    ... in February as investors fretted over its exposure to Europe and the euro-zone crisis. Its shares rebounded 6.03 per cent to close at HK$57.13 yesterday, still down 31 per cent from early August. ...

  6. Europe's soap opera persists

    Posted Jun 15th 2012, 12:00am

    ... or be pushed out of the euro zone, whether Spain has done enough, when Italy's vulnerability will be recognised, who will blink first- France or Germany? The show will fascinate and drag down ... as 'garden gnomes', because they are undistinguished and unelected. The 27-member EU, and more so the 17-member euro zone, remains an awkward community, linked by more than 1,000 years ...

  7. A default isn't enough, Greece needs to devalue

    Posted Sep 28th 2011, 12:00am

    ... will be difficult and expensive. But if policymakers can pull it off, and repeat the trick for the euro zone's other deeply indebted economies, they will have gone a long way to solving Europe's ... the bad debts under the carpet somewhere and relying on robust economic growth to shrink them relative to the size of the euro zone's gross domestic product. It's a solution that has ...

  8. News - World - EUROPE

    Jobless figures reinforce EU's north-south gap

    Posted Nov 02nd 2012, 12:00am by McClatchy-Tribune

    ... McClatchy-Tribune in London Europe's north-south gap on jobs widens Europe's economic gloom has deepened on the back of news that unemployment in the 17-nation euro zone hit ... in the euro zone in September, adding up to an unemployment rate of 11.6 per cent. That figure exceeds August's record of 11.5 per cent and follows the worrisome trend of the past half-year, ...

  9. A united, stable Europe is vital to German interests

    Posted Nov 17th 2011, 12:00am

    ... confidence in Europe's resolve and capability to take action. Some are wary of practical solidarity with financially struggling euro zone states. The longing for a simple solution, ... much to anchor Germany's regulatory framework more firmly in the euro zone. And that is a good thing. Together with the necessary amendment to the European treaties, this will pave the way ...

  10. Business - Economy

    On the edge of calamity

    Posted Aug 29th 2012, 12:00am by Kevin Rafferty

    ... and bureaucrats to act responsibly and their growing penchant for blaming and name-calling threaten not merely the euro zone but the whole European Union and the claim of Europe to be a global economic ... The Financial Times accentuated the positive, sort of, reporting "Greece not written off, says Merkel," who was also quoted as saying: "I want Greece to remain part of the euro zone ...




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