European Economy

Euro zone 'coming out of crisis' amid accelerating growth, Eurogroup chief says

Prospects in Europe are very good for investors, Jeroen  Dijsselbloem says. Photo: AP

Eurogroup president Jeroen Dijsselbloem said the euro zone is “coming out of crisis” and the member countries are expected to grow an average 1 per cent this year and 1.7 per cent next year.

Monday, 13 January, 2014, 12:38pm

Two-for-one tactics threaten European car rebound

An empty car production building at a PSA-Peugeot Citroen plant near Paris. Photo: Reuters

Elie Chauvin did not plan to buy a new car when he stopped by his local Hyundai showroom, but the retired builder came away with two for the price of one.

The bargain-basement offer in Nimes, France - buy an ix35 crossover utility vehicle, get an i10 mini thrown in for one euro (HK$9.99) - is further evidence that Europe is a car buyer’s paradise and a manufacturer’s nightmare.

15 Jul 2013 - 3:13pm