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  1. Loan crunch looms in Asia as euro-zone banks retreat

    Posted Jan 16th 2012, 12:00am

    ... Satyajit Das moneypost@scmp.com Do you think of the euro-zone crisis as a faraway problem that is little connected to booming Asia? If you run a business with ongoing needs for loan capital you might not feel that way. That is because battered euro-zone banks are being forced to redirect lending to Europe, which means pulling money out of Asia. The European Banking Authority ...

  2. A new financial mess is the last thing we need

    Posted May 01st 2010, 12:00am by Staff Reporter

    ... and spread. The potential damage from a full-blown euro-zone crisis is more dangerous to the world economy- which is still in slow recovery- than the global fallout from the East Asian meltdown was. ... is surprising is that euro-zone leaders had six months to tackle the crisis, yet allowed the uncertainty of a rescue to persist up to the eve of redemptions of Greek bonds in the next few weeks. Still, ...

  3. Talking points

    Posted Nov 23rd 2011, 12:00am

    ... economic growth and its efforts to tame inflation. Euro zone 2: Plan for tighter economic governance The European Commission is due to outline proposals for stronger euro-zone economic governance and to publish a consultation paper on the fiercely disputed idea of common euro-zone bonds. The euro zone is struggling to contain fallout from the Greek debt crisis, with banks under pressure ...

  4. US speaks sense but no one listens

    Posted Sep 19th 2011, 12:00am

    ... is now more of a problem than a solution. Treasury Secretary Timothy Geithner was invited to a meeting of euro-zone finance ministries. Seeing how European officials have messed up in their handling of the financial crisis, what Geithner said actually made sense. He essentially said euro-zone countries needed to act with one voice to calm markets, and to put up much more money ...

  5. In a crisis, credit ratings just make things worse

    Posted May 07th 2010, 12:00am by Staff Reporter

    ... trouble in the euro zone, it can pose a danger to the system and be a destabilising force in a crisis. Just as euro-zone leaders and the International Monetary Fund were putting together a rescue ... of contagion spreading from Greece to the other exposed euro-zone member states. More importantly, it made it difficult for the European Central Bank to inject liquidity for Greece because ...

  6. Hard times ahead as Europe's banks cut lending to Asia

    Posted Dec 01st 2011, 12:00am

    ... debt crisis on Asian economies is concerned. At least as important will be a reduction of lending in the region by Europe's dangerously weakened banks. The problem is that euro-zone banks ... Tom Holland As the crisis-stricken euro zone slides into recession, concerns in Asia are focused on the damage that a slump in European consumer demand will inflict on the region's ...

  7. Fewer cheap flats sold last year

    Posted Jan 25th 2012, 12:00am

    ... of concern about the impact of the euro-zone debt crisis and the global economic slowdown. There were 17,506 transactions in the sub-HK$2 million category last year, accounting for 25.8 per cent ... announced in 2010 to penalise quick resales. Increased land supply and rising mortgage rates in Hong Kong, restrictions on bank lending on the mainland, the euro-zone debt crisis and the global ...

  8. I.M.F. cuts asia growth forecasts

    Posted Oct 14th 2011, 12:00am

    ... unnamed euro-zone officials as saying that a haircut of between 30 and 50 per cent for Greece's private creditors was under consideration, significantly higher than the 21 per cent loss ... by the euro zone's ballooning debt crisis and the economic stagnation in the United States. In its latest Asia-Pacific Regional Economic Outlook, the Washington-based group now expects ...

  9. Asia to take a beating if recession hits anew

    Posted Oct 12th 2011, 12:00am

    ... financial problems in the euro zone, triggered by a Greek default. 'In the next six months, the decline in trade could be 10-15 per cent globally. In Asia it would be slightly less and China ... if Greece defaults, are big trade partners of Asian economies. Kwan said the recent Greek bailout agreement reached by Germany and France offered some optimism. But uncertainty over the euro ...

  10. Strange world- Tsang lectures Davos

    Posted Feb 02nd 2012, 12:00am

    ... to know which way the wind is blowing these days. A columnist in The Daily Telegraph suggests Tsang should be put in charge of the euro zone until the debt crisis is resolved. The New York Times ... Lagarde and British chancellor George Osborne, our chief executive earnestly advised European leaders at Davos on how they must act to stem their escalating debt crisis. And people listened! Sure, ...




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