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  1. So is this euro crisis good or bad for China?

    Posted May 24th 2010, 12:00am by Tom Holland

    ... by capital controls. And although the euro zone was China's largest export market last year, buying 20 per cent of its goods shipments, the crisis-hit countries of Portugal, Italy, Greece ... set to drive a marked rise in the euro zone's trade surplus with the United States. That will make it more difficult for Washington to engineer a rebalancing of its own economy, which ...

  2. Euro's march on the greenback threatens to foil fragile recovery

    Posted Jan 26th 2004, 12:00am by Marc Young

    ... most important buyer of goods outside the euro zone. Although most large companies hedge against currency risks on the financial markets, the swift rise of the euro caught much of the Germany ... Marc Young in Berlin The currency's climb has hurt exports, making European products more expensive Pity the poor euro, for it is not easy being a new currency. In its few short years ...

  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 ...

  4. Ode on a Grecian burn

    Posted May 21st 2012, 12:00am

    ... time an event occurs- albeit in a minor market such as Greece (which accounted for a mere 2.3 per cent of the euro zone's economy last year)- there is talk of contagion. The first impact ... estimates that the exports to the euro zone dropped 2.4 per cent from April last year. So, here's a double whammy of increasing competition from Europe on the output side coupled with falling ...

  5. French bank chief targets London’s euro status

    Posted Dec 03rd 2012, 09:37am by AFP

    ... Agence France-Presse in London Britain should relinquish its status as the euro’s financial hub in order to give eurozone members more control over the single currency, France’s central ... in euro finance. “Most of the euro business should be done inside the euro area,” he told the FT. “It’s linked to the capacity of the central bank to provide liquidity and ensure oversight of its ...

  6. 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 ...

  7. Yuan on the agenda, but probably not in the final statement

    Posted Nov 04th 2011, 12:00am

    ... to invest in an expanded rescue fund aimed at resolving the euro zone debt crisis. Tim Condon, chief economist with ING Asia, said the uncertainty created by Greek Prime Minister George Papandreou's decision to call a referendum on the rescue deal was likely to mean that the euro-zone debt crisis would crowd out all other issues at the G20 meeting. 'And with China expected ...

  8. 'Yuan's not fully global just yet'

    Posted Apr 26th 2012, 12:00am

    ... the underlying problem of the lack of competitiveness of some euro-zone countries, he said. For instance, labour costs in Spain, Italy, Portugal and Greece have risen more than 25 per cent in the last ... their economic competitiveness, said Greenwood. The process had already started, he said, as euro-zone economies were now experiencing a pullback in lending. The devaluation process would cause more job ...

  9. Five reasons yuan is no threat to dollar as reserve currency

    Posted Feb 10th 2012, 12:00am

    ... in either the US or the euro zone. The rest of the world will want to see that excess wound in before it is comfortable holding large amounts of yuan assets. So for the time being, China only ... those reserves in foreign currencies, which for practical purposes means the US dollar and the euro. That means if China were to hold its reserves half in US dollars and half in euros, Europe ...

  10. Global reserve currency proves to be a curse for the issuing country

    Posted Oct 15th 2011, 12:00am

    ... is strong, but it will go into crisis when the reserve-currency country goes into crisis. This is the current state of affairs. The four reserve-currency economies (the US, the euro zone, Britain ... that it can devalue its way out of debt. The euro zone as a whole has a smaller current account deficit, 0.5per cent of GDP, but there are deep imbalances within the zone. Germany, the Netherlands ...




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