Euro-zone debt crisis | South China Morning Post
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  • Jan 31, 2015
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Euro-zone debt crisis

Renzi’s mission: nurse Italy back to health

The most crucial step for Matteo Renzi is to secure agreement on an electoral law designed to give Italy stable governments. Photo: Reuters

Italy has been the "sick man of Europe" for some time. Matteo Renzi might just be able to restore it to health - but the remedy will not be delivered easily.

Friday, 21 February, 2014, 4:34am 1 comment

Admit it's a 'Western financial crisis'

Admit it's a 'Western financial crisis'

Why do we continue to call the recent turmoil the global financial crisis and not, as it should have been from the start, the Western financial crisis? After all, we have taken to naming financial crises by their origin in recent decades. It really should have been the "US and the euro zone financial crises".

So why this exception?

31 Jan 2013 - 5:37am 22 comments

UK property prices stagnate amid fears over fiscal squeeze

House prices in Wales were unchanged from December, and the number of new buyers registering with agents fell 9.9 per cent from a month earlier.

Prices in England and Wales were unchanged from December, after declining for the previous six months, the property researcher said in a statement.

30 Jan 2013 - 4:07am

2012: How Wall Street got it wrong

In a year of financial mis-forecasting, Morgan Stanley predicted Standard & Poor's 500 Index would lose 7 per cent in 2012. Photo: Bloomberg

From hedge fund manager John Paulson's call for a collapse in Europe to Morgan Stanley's warning that US stocks would decline, Wall Street got little right in its prognosis for the year just ended.

5 Jan 2013 - 3:13am

EU aid deal secures Greece in single currency

An EU deal gives the ECB oversight of euro-zone banks. Photo: Reuters

The European Union yesterday agreed to disburse more aid to Greece and struck a deal on setting up a banking union, finalising two of the toughest issues it has confronted this year and giving its leaders a lift ahead of a two-day summit.

14 Dec 2012 - 3:00am

Nobel Peace Prize ceremony in Oslo stirs debate on EU membership

Chairs are set out ahead of the Nobel Prize ceremony. Photo: EPA

As it struggles for popularity within its own borders, the European Union today collects one of the world's top honours, the Nobel Peace Prize - and in a country that stubbornly refuses to join its ranks.

10 Dec 2012 - 4:12am

Hong Kong exports to double next year

As a transshipment hub for products produced across the border, Hong Kong is a major export city. Photo: AFP

The Hong Kong Trade Development Council says the city's export growth will double next year from this year.

8 Dec 2012 - 4:29am

Talking points

Secretary for Food and Health Dr Ko Wing-man

Lawmakers discuss hospital land grants

3 Dec 2012 - 2:34am

Debts force nations to quit Eurovision song contest

Anastasiya Petryk from the Ukraine performs during the dress rehearsal for the Junior Eurovision Song Contest. Photo: EPA

One after another they are calling in sick. First, Portugal and Poland and now, short of an economic miracle, Cyprus and Greece.

3 Dec 2012 - 4:24am

Growth hard to find as the deals dry up

Chief executive Charles Li has extended trading hours to boost profit which has been affected by a slump in trading. Photo: Bloomberg

Hong Kong Exchanges and Clearing (HKEx), the operator of the local stock and futures markets, has overseen strong growth in the past few years but has lost its shine amid a slump in turnover and listings.

9 Nov 2012 - 3:59am

G20 presses Europe, US to fix fiscal challenges

Spanish Minister of Economy Luis de Guindos speaks during a press conference during the meeting of Finance Ministers and governors of central banks of G20.

The world’s leading economies pressed the United States and Europe to swiftly resolve their fiscal challenges on Monday, warning that they threaten to harm global growth.

6 Nov 2012 - 6:21am

Premier Wen Jiabao calls for clear euro-zone debt plan

Clockwise from back row left: Norway's Jens Stoltenberg, Dmitry Medvedev of Russia, Slovenia's Janez Jansa, Cambodia's Hun Sen, China's Wen Jiabao and Laos' Choummaly Sayasone. Photo: EPA

Premier Wen Jiabao called on major economic institutions to come up with a clear and reliable plan to solve the euro-zone debt crisis, while pledging that China will assist in Europe's recovery.

In a speech at the opening ceremony of the Asia-Europe Summit in Vientiane, Laos, yesterday, Wen also urged co-operation between the two sides on the use of water resources and forestry.

6 Nov 2012 - 12:07pm

South Korea feels effect of Europe's debt crisis as growth slows

A man walks past an advertisement, showing an interest rate in Seoul, South Korea. Photo: AP

South Korea's economy grew at the slowest pace in three years as Europe's debt crisis and a slowdown in emerging markets reduced corporate investment and capped demand for exports.

27 Oct 2012 - 3:19am

Euro-austerity drive may worsen debt burdens

A woman tries to avoid breathing in tear gas during clashes in front of the Greek Parliament over austerity measures. Photo: EPA

As Greece and its international lenders continue talks on reducing the Greek budget deficit, new data from the European Union underscored the potentially Sisyphean nature of such efforts.

24 Oct 2012 - 4:44am

Chinese cool on overseas acquisitions

The appeal of pursuing outbound mergers and acquisitions for Chinese executives dropped to a two-year low, due to a grim outlook over the lingering euro-zone debt crisis and a large valuation discrepancy between listed and non-listed assets.

19 Oct 2012 - 4:09am