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  1. Troubled times for euro zone

    Posted Jun 03rd 2010, 12:00am by Adrian Lo

    ... debts has caused the cost of borrowing for the other weaker euro zone countries- such as Portugal, Ireland, Italy and Spain- to rise. And the countries with stronger economies, especially Germany, now have to find the cash to keep Greece afloat. This huge operation breaks a key rule agreed by the euro zone countries- one which banned bailouts for nations which lived beyond ...

    http://www.scmp.com/article/716002/troubled-times-euro-zone
  2. No more money, say the wealth

    Posted Dec 09th 2010, 12:00am by Staff Reporter

    ... the euro. The 16 EU member states form a monetary and economic union, whose currency is handled by the European Central Bank. The zone covers much of Europe from Ireland in the west to Greece ...

    http://www.scmp.com/article/732809/no-more-money-say-wealth
  3. The US is to China what Italy and Greece are to Germany

    Posted Nov 11th 2011, 12:00am

    ... zone above 7 per cent. At that rate of interest, markets doubt Rome's ability to refinance the Euro238 billion (HK$2.51 trillion) of government bonds maturing over the next two years without outside help, let alone raise new debt (see the first chart). Many observers believe this leaves the euro zone with just two options. Given that government austerity measures are clearly ...

    http://www.scmp.com/article/984539/us-china-what-italy-and-greece-are-germany
  4. Economic sickness is spreading, but world leaders are at a loss to find cure

    Posted Jun 02nd 2012, 12:00am

    ...-as-we-know-it is gone. Economic chaos awaits them.' They predict that a Greek exit will not be orderly but calamitous and will lead to a chaotic dissolution of the euro zone, as Greece defaults on Euro ... aside what damage the IMF and its structural adjustment facility have caused to the desperately poor kids of Niger. Perhaps the real surprise is that the euro has survived, given the inbuilt ...

    http://www.scmp.com/article/1002749/economic-sickness-spreading-world-leaders-are-loss-find-cure
  5. Baptism of fire for IMF chief Lagarde

    Posted Jul 01st 2011, 12:00am

    ... conflicting interests between member governments in the resolution of the euro-zone debt crisis and emerging nations' expectations of a bigger say in the IMF's affairs. Lagarde rose ... nations. The immediate test, though, will be whether she can shed her euro zone hat in managing the IMF's involvement in the bailout of Greece to head off a sovereign debt default. Not all IMF ...

    http://www.scmp.com/article/972249/baptism-fire-imf-chief-lagarde
  6. Retreat of EU banks could hurt world: IMF

    Posted Apr 24th 2012, 12:00am

    ... May Chan may.chan@scmp.com European banks hiving off assets and refusing to extend credit could send shockwaves through capital markets in the euro zone and around the world, says ... report on global financial stability. And should EU states fail to improve their balance sheets, euro-zone credit could shrink by as much as 4.4 per cent over that period and hurt emerging Asian ...

    http://www.scmp.com/article/999096/retreat-eu-banks-could-hurt-world-imf
  7. E.U. crisis could last seven years, ex-IMF chief warns

    Posted Dec 20th 2011, 12:00am

    ... In a keynote speech to an annual conference of economists organised by NetEase.com, a mainland news portal, Strauss-Kahn shared his insights on the euro-zone debt crisis. He called for greater ... the possibility of returning to political life. Focusing on Europe's economic malaise yesterday, he projected a pessimistic outlook, saying the euro zone lacked integrated fiscal budgets, monetary ...

    http://www.scmp.com/article/988228/eu-crisis-could-last-seven-years-ex-imf-chief-warns
  8. Saving itself

    Posted Nov 12th 2011, 12:00am

    ... John Lee The European Financial Stability Facility fund, targeted to top Euro1 trillion (HK$10.6 trillion), is the euro zone's last chance for survival. Hopes that China would ride ... proportion of China's wealth would effectively be frozen. Gradually diversifying into euros- provided the euro zone survives- would partially alleviate this potential threat. The common wisdom ...

    http://www.scmp.com/article/984586/saving-itself
  9. Europe may spark chaos on Lehman scale

    Posted Jan 21st 2012, 12:00am

    ... zone, and that they would default on their debts. Despite official reassurances that the euro zone would survive, the two countries would also revert to their own currencies, which they would then devalue, Greenwood said. He added that it was highly unlikely that euro-zone economies could weather prolonged deflation. Hong Kong, however, had done so in the aftermath of the Asian financial ...

    http://www.scmp.com/article/990737/europe-may-spark-chaos-lehman-scale
  10. G20 nations in wonderland

    Posted Sep 27th 2011, 12:00am

    ... they have a big plan. It would cover all bases and solve the problems comprehensively with three major thrusts: to recapitalise European banks that are at risk; to boost the euro zone bailout fund so that it has enough firepower to withstand any crisis; and to allow Greece to default, but remain within the euro zone. Officials, depending on whom you talk to, imagine a bailout fund ...

    http://www.scmp.com/article/980276/g20-nations-wonderland

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