Economy of the European Union
Doing whatever it takes has become something of a mantra when it comes to dealing with the euro-zone crisis.
"We want to do everything we can to save the currency," says the head of the European Central Bank.Sunday, 23 September, 2012, 10:19am
After a lengthy period of delay, confusion and behind-the-scenes bargaining, the 17 members of the euro zone appear no closer to resolving their most pressing issue: what to do with their currency.
It may turn out, as many seem to hope, that given enough time, the problems will simply go away, and short-term fixes will eventually right the ship.21 Sep 2012 - 10:24am
European banks promised last year to cut more than US$1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they have grown only fatter.19 Sep 2012 - 12:38pm
When European Central Bank president Mario Draghi proclaimed that the ECB would do "whatever it takes" to ensure the future stability of the euro, borrowing costs fell for Italy and Spain, markets rallied, and the decline in the external value of the euro was checked.15 Aug 2012 - 1:51am
Euro-zone officials have been discussing preparations by member states for a possible Greek exit. That is a signal to Asia to prepare for an outcome to the euro crisis sooner rather than later. The decisive moments will come next month, first with fresh Greek elections and then a European Union summit. Neither is likely to produce good news for Asian economies.29 May 2012 - 12:00am
After almost two-and-a-half years in which Hong Kong's financial markets have been relentlessly whipsawed by developments in Europe, the euro crisis may finally be nearing its endgame.23 May 2012 - 12:00am
Hong Kong's stock market yesterday suffered its biggest loss this year, with more than HK$500 billion wiped off the value of shares, as institutional investors offloaded stock on fears Greece may have to give up the euro.
SCMP, May 1720 May 2012 - 12:00am
Different geographical locations and even different political philosophies can provide radically different views of the same event. This is truer than ever of last week's all-night European summit in Brussels in which leaders tried to find a deal to save the euro.13 Dec 2011 - 12:00am
More than 18 months after investors decided that a Greek sovereign default was inevitable, it looks as though Europe's political leaders may finally be coming to the same conclusion.
The talk in recent days has been that Europe's authorities are slowly moving towards engineering an 'orderly default' by the Greek government.28 Sep 2011 - 12:00am
An 'orderly and gradual appreciation' of the yuan against the euro would be 'in the interests of the Chinese economy' and the rest of the world, euro-zone economic policy chiefs told Premier Wen Jiabao yesterday.30 Nov 2009 - 12:00am
Slovenia adopted the euro yesterday, becoming the 13th European Union nation to use the single currency.
Minister of Finance Andrej Bajuk was the first to use a cash machine to withdraw euros.2 Jan 2007 - 12:00am
The mainland's robust economic growth is likely to slow only slightly in the third quarter, the nation's top planning agency says, suggesting a continuation of pressure on Beijing to further tighten macroeconomic policy settings.28 Jul 2006 - 12:00am
Q Should ESF parents give Mike Haynes a chance to prove himself?
The answer must be a resounding no! If your child has toothache would you take her to a car mechanic?
When it comes to her education the last person you would want as ESF chief executive is a former insurance man without a university degree.7 May 2015 - 3:17pm
Today's launch of the euro as the single currency of legal tender across 12 European nations is a crowning achievement. Forty-five years ago, the continent's integration started with the Treaty of Rome and aspirations to build institutions that would bind rather than divide.1 Jan 2002 - 12:00am
All eyes last week were on the Danish referendum on the euro. Danish Prime Minister Poul Nyrup Rasmussen's eyes, in particular, seemed distinctly red-rimmed and occasionally teary as he took note of his people's rejection of the European Union's struggling currency.2 Oct 2000 - 12:00am