Economy of the European Union

EURO CRISIS

Buying a little more time

23 Sep 2012

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...

10:19AM

Euro break-up could be cure

21 Sep 2012

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...

10:24AM

European banks fail to cut assets US$1.2tr as pledged

19 Sep 2012

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.

12:38PM

Only solidarity can save the euro now

15 Aug 2012

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...

1:51AM

Germany holds all euro-zone cards

29 May 2012

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.

4:05PM

Signs that the euro-zone crisis is finally nearing its endgame

23 May 2012

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.

3:36PM

Opinion

Michael Cox

The last straw for Terry Wong?

2:53PM

Jake Van Der Kamp

iBonds are little help in easing inflation and a bad bet financially

3:55AM

Forget Achilles heels, euro zone's weakness is unleavened

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...

3:23PM

An economic suicide pact

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...

3:15AM

A default isn't enough, Greece needs to devalue

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.

8:40PM

EU urges 'gradual appreciation' of yuan

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...

5:18PM

Slovenia becomes 13th EU nation to adopt euro

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...

1:18PM

Slight slowdown tipped in economic growth

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...

12:28AM