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  1. The US is to China what Italy and Greece are to Germany

    Posted Nov 11th 2011, 12:00am

    ... in member states. Inevitably, that would mean a loss of sovereignty that the member governments would be unlikely to accept, as well as a transfer of wealth from Germany to the Mediterranean ... Jonathan Loynes, the chief European economist at independent London-based research house Capital Economics, estimates that keeping the euro zone intact would cost Germany 30 per cent of its annual ...

  2. Troubled times for euro zone

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

    ... the exports of larger economies, particularly Germany's, have grown because of the euro's relatively low exchange rate. But doubts about the Greek government's ability to repay its ... 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 ...

  3. Wen's assertion fails to stand up to scrutiny

    Posted Mar 15th 2010, 12:00am by Tom Holland

    ... of China's imports. 'Taking Germany as an example, its exports to China hit a record high of Euro76 billion [HK$812.3 billion] last year,' he said, according to Xinhua. Wen's example is curious. That's partly because, according to data from Beijing's own customs administration, China's imports from Germany last year were worth just US$56 billion. At the average ...

  4. Good reasons to be scared

    Posted Dec 07th 2011, 12:00am

    ... and Sarkozy sang the German tune that the tighter fiscal and budgetary measures and discipline that will be enforced will save the euro. They conveniently forget that Germany first broke the original rules, that Germany has benefited from the indiscipline of the 'Club Med' countries, that austerity will smash growth and intensify and prolong the agonies of already distressed ...

  5. A lesson from the Nixon era for the world of today

    Posted Dec 05th 2011, 12:00am

    ... of competitiveness compared with Japan- and also Germany- had pushed the US trade balance into deficit. At the same time, the stock of US dollar reserves held by foreign central banks was quickly outgrowing ... gold) and open their markets to US products. The trouble was that Japan, Germany and the rest had little incentive to revalue, so Nixon decided to provide them with one. In August 1971 he ...

  6. On its own

    Posted Jul 12th 2012, 12:00am

    ... the United States might play will come with a high degree of conditionality. The dynamic between the US and the euro zone is on a parallel with the relationship between Germany and Greece: no money ... the nature of US economic links. Individually, America's major trading partners are Canada, China, Mexico and Japan, with Germany fifth. This dynamic reduces the likelihood of the US judging ...

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

    Posted Apr 26th 2012, 12:00am

    ... decade compared with Germany. An overhaul of Europe's labour system in the short run is unlikely, given the strength of the trade union groups in the public and private sectors. ...

  8. China take on Greek debt? That would be thoroughly silly

    Posted Sep 18th 2011, 12:00am

    ... that it is prepared to perform this kowtow. The future of the euro is in doubt. Unless Germany and France undermine their own fiscal standing by underwriting dubious Greek sovereign debt, Greece may have ... the value of Germany's credit as Greece's last believer. China would be doing German taxpayers a great service indeed to lift this burden from them. Secondly, it would not put the euro ...

  9. Economic sickness is spreading, but world leaders are at a loss to find cure

    Posted Jun 02nd 2012, 12:00am

    ... to soften Greece's austerity and encourage Athens to be a better European player. This also depends on Germany being more generous, which also seems unlikely. Chancellor Angela Merkel evidently ...

  10. Europe may spark chaos on Lehman scale

    Posted Jan 21st 2012, 12:00am

    ... 'Greece, Spain, Portugal and Italy have cost structures- labour costs in particular- which are 25 or 30 per cent higher relative to Germany's, compared with what they were a decade ago,' ...




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