• Wed
  • Sep 17, 2014
  • Updated: 2:21am

Euro-zone crisis

The truth about the EU

Riots against austerity measures, soaring unemployment and a bleak economic outlook: the recent news from Europe has been somewhat gloomy.

Monday, 25 March, 2013, 10:12am

Rents in Dubai gain from euro zone crisis, Arab Spring

Apartment and villa rents in Dubai climbed an average 17 per cent last year as the Persian Gulf business hub benefits from the euro-zone crisis and the so-called Arab spring, according to Asteco Property Management.

30 Jan 2013 - 4:07am

EU leaders receive Nobel Peace Prize

European Union Nobel Peace Prize winners pledged at the award ceremony yesterday “to stand by” the euro, saying the single currency was one of the strongest symbols of unity in the bloc’s 60-year history.

11 Dec 2012 - 4:48am

Italy PM Mario Monti says he will resign soon

Premier Mario Monti told the Italian president Saturday he will resign soon, saying he can no longer govern after Silvio Berlusconi’s party withdrew crucial support. It could open the way for early elections a year after the unelected economist helped pull the country back from the brink of financial disaster.

9 Dec 2012 - 10:14am

Europe's Plan C for Greece no better than previous plans

Europe's leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in plans A and B: adequate debt relief.

29 Nov 2012 - 3:46am

Greek PM Antonis Samaras tells euro partners to pay up on promised loans

Greece reacted with dismay to a failure by European finance ministers to agree to release up to €44 billion (HK$436 billion) of rescue loans it vitally needs, with the prime minister warning that the stakes are higher than his debt-ridden country's future.

22 Nov 2012 - 4:08am

Spain plans to lure Chinese property buyers with residency permit

Spain plans to offer residency permits to foreigners who buy houses priced at more than 160,000 euros (HK$1.59 million) in a bid to revive its collapsed real estate market and divest itself of hundreds of thousands of unsold homes.

21 Nov 2012 - 4:17am

Greece on the edge

European finance ministers aim to stitch together Greece's next aid payment this week as a sputtering euro-area economy and a dispute with the International Monetary Fund cloud efforts to resolve the debt crisis.

20 Nov 2012 - 3:51am

Millions across Europe strike to protest spending cuts

Police and protesters clashed in Spain and Italy yesterday as millions of workers went on strike across Europe to protest spending cuts they say have made the economic crisis worse.

15 Nov 2012 - 2:57am

French President Francois Hollande defiant in face of criticism

France's president just cannot seem to win.

Six months after sweeping to power on an anti-austerity wave, polls say Socialist President Francois Hollande is increasingly disliked. Leftists are disappointed he is not spending more state money to create jobs. Critics on the right say he is raising too many taxes.

15 Nov 2012 - 2:57am

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