Euro zone debt crisis

What price political risk?

Investors should be aware of the conspicuous geopolitical, economic and financial stakes involved in the standoff over Ukraine. Photo: AP

Do investors really care about political risk?

Friday, 7 March, 2014, 2:40am

Scapegoat for austerity

Olli Rehn announced the "beginning of the end" of the debt crisis in 2011, but the euro-zone economy faces another contraction. Photo: AFP

European Union Economic and Monetary Affairs Commissioner Olli Rehn has emerged as the frontman for crisis-management policies driven by Berlin that are spreading economic pain as debt turmoil reignites.

23 Mar 2013 - 3:41am

ECB expected to usher in new year with steady interest rates

Mario Draghi

The European Central Bank will usher in 2013 with steady interest rates at its first policy meeting this year to keep up the pressure on governments to solve the debt crisis, analysts predict.

7 Jan 2013 - 4:31am

Euro stops two-year loss on Mario Draghi commitment on debt crisis

The euro was up 2 per cent for the year to US$1.3216 on December 28 in New York, after dropping 3.2 per cent in 2011. Photo: AP

The euro halted a two-year losing streak as European Central Bank president Mario Draghi's commitment to backstop the shared currency stymied a debt-contagion threat.

31 Dec 2012 - 4:58am

Italian banks plunge on Monti resignation plan

A pedestrian passes an Intesa Sanpaolo bank branch in Rome. Photo: Bloomberg

Italian banks plunged on Monday after Prime Minister Mario Monti announcement that he will step down threatened to open a new front in Europe’s debt crisis.

10 Dec 2012 - 6:23pm

Europe mulls Greece ‘haircut’ in 2015

Greece Prime Minister Antonis Samaras attends a news conference after the second day of a European summit at the EU headquarters on Friday. Photo: EPA

Euro zone finance ministers are considering a possible “haircut” for Greece in 2015, a German newspaper reported on Sunday, in a bid to reduce the debt mountain of the recession-wracked country.

29 Aug 2013 - 4:13am

Euro slumps in Asia after EU fails to agree Greece deal

Greek Prime Minister Antonis Samaras speaks in Athens. Photo: AP

The euro fell in Asian trade on Wednesday and shares eased after euro-zone finance chiefs said they had failed to agree on a deal to unlock the latest batch of crucial bailout cash for Greece.

21 Nov 2012 - 3:03pm

Plugging the gaps in financial regulation in HK

Plugging the gaps in financial regulation in HK

When I became the first non-executive chairman of the Securities and Futures Commission (SFC) in 2006, the world was cruising on a path of moderate growth, stable employment and subdued inflation, and asset prices were continuing to rise. Less than a year later, the world was hit by the subprime crisis that shone a spotlight on opaque markets that operate in the shadow of regulated markets.

22 Jul 2013 - 4:41pm

China Construction Bank unlikely to buy into Europe

China Construction Bank this month rejected a media report that it was interested in buying a bank in Europe. Photo: Bloomberg

China Construction Bank is seeking to expand overseas but is unlikely to acquire large banks in Europe as the debt crisis remains unclear, Barclays' analysts say in a research note.

29 Sep 2012 - 3:13am

Greek protest turns violent during general strike

Riot police stand in front of flames caused by a thrown molotov cocktail during violent clashes demonstration in Athens on Wednesday. Photo: EPA

Police clashed with protesters throwing petrol bombs in central Athens on Wednesday after an anti-government rally called as part of a general strike in Greece turned violent.

26 Sep 2012 - 9:40pm

Police seal off Spain Parliament ahead of protest

Police guarding the entrance of the Spanish parliament stop people entering the street in Madrid, on Tuesday. Photo: AP

Spain’s Parliament took on the appearance of a heavily guarded fortress on Tuesday, hours ahead of a protest against the conservative government’s handling of the economic crisis.

The demonstration, organised behind the slogan ‘Occupy Congress’, is expected to draw thousands of people from around Spain.

25 Sep 2012 - 6:21pm

Germany against rush on plans for single banking supervisor

Wolfgang Schaeuble

German Finance Minister Wolfgang Schaeuble led criticism of the euro area's rush towards common bank oversight as France, Spain, Italy and the European Commission pressed for speedy action.

European Union finance ministers were sharply divided over proposals to introduce a single supervisor in January within the 17-nation currency zone.

17 Sep 2012 - 2:15am