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  1. A tale of two currency unions

    Posted Apr 22nd 2004, 12:00am by Tony Latter

    ... growth has only been half that of the rest of the euro zone. Blame has variously been laid on failure to pursue welfare and labour-market reforms; on the inefficient and overprotected financial ... suggesting that the country faces a deflationary spiral. Nominal interest rates for the euro zone are determined by the European Central Bank. Member states with the lower inflation rates (for ...

  2. HK enjoys a slice of the good life

    Posted Nov 19th 2004, 12:00am by Jimmy Cheung

    ... in quality of life, with a score of 7.62. But this rating is still above the average recorded for the European Union, disproving the notion that big Euro-zone nations compensate for their economic ...

  3. 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 ... indifference, except when the European currency has either been too weak or too strong against the US dollar. At the moment, the latter is the case and as the euro continues to climb, the euro ...

  4. Investors opt for remortgaging in bullish market

    Posted Apr 21st 2004, 12:00am by Richard Warren

    ... are lower than those in the UK. Euro loans are also possible in some cases,' he said. United States interest rates are 0.5 per cent and euro-zone interest rates are also lower than in Britain. ...

  5. Continent has more choices and fewer borders for travellers

    Posted May 10th 2004, 12:00am by Chris Davis

    ... of the 15 EU countries. 'This makes life much easier for travellers who can now compare prices directly and no longer have the cost and inconvenience of exchanging money within the euro zone,' he said. The 10 new member countries offer a wide range of winter and summer sports, vibrant modern cities to be explored, art and music to be enjoyed, all complemented by fine food, wine ...

  6. How to really strike gold

    Posted Sep 10th 2004, 12:00am by Hu Shuli

    ... cent limit that Euro-zone members are allowed. History bodes further ill for Athens: the 1976 games saddled Montreal with a debt so heavy that its citizens needed more than two decades to repay ...

  7. Athens to bid for HK travellers

    Posted Sep 08th 2004, 12:00am by Simon Parry

    ... The holiday money has, however, flooded into Greece's neighbours outside the euro zone and away from the Olympic circus. Croatia has seen tourism numbers double, while Bulgaria and Turkey have ...

  8. National power upgrade required

    Posted Apr 19th 2004, 12:00am by Shi Jiangtao

    ... Shi Jiangtao More power plants will be built and the power industry improved to tackle nationwide electricity shortages that have worsened ahead of the peak summer period, a senior official says. Chai Songyue, director of the State Electricity Regulatory ...

  9. Fall guy for Sars crisis finds that people do matter

    Posted Oct 03rd 2004, 12:00am by Chris Yeung

    ... CHRIS YEUNG After 14 years as head of Hong Kong's health system, Secretary for Health, Welfare and Food Yeoh Eng-kiong calls it a day this week following his resignation over the political fallout from the Sars crisis. Dr Yeoh resigned in July shortly after a Legislative Council select committee issued its report on the government's handling of the outbreak. Branded ...

  10. Hong Kong may be facing a mid-life crisis

    Posted Jul 25th 2004, 12:00am by Chris Yeung

    ... ageing water pipes that burst close to Admiralty last week raise serious questions about whether the city is facing a mid-life crisis in its basic, largely unseen infrastructure. Traffic near ...




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