Topic
The euro zone crisis was triggered in 2009 when Greece's debts, left by its previous government, reached a record 300 billion euros, leaving the southern European economy with debt levels more than four times higher as a proportion of gross domestic product than the official euro zone cap of 60 per cent of GDP. Since the original problems were uncovered, Greece has been bailed out twice, and lenders have also had to rescue Ireland and Portugal. In the latter half of 2012. Cyprus also required a bailout.
- The mild-mannered, bespectacled politician became Italy’s 11th president in 2006 and was re-elected for a then unprecedented second term seven years later
- Some credit Napolitano, affectionately known as ‘King George’, with saving the country from financial ruin, while critics said he overstepped his bounds
Changes to include strengthening whistle-blower protections, ban on unofficial friendship groups and review of policing code of conduct rules after four people were charged with ‘criminal organisation, corruption and money laundering’.
Growth in home prices in the United Kingdom has trailed peers in the European Union, but has provided Hongkongers buying property in London and other British cities more value for their money.
Beijing had turned its focus back to the EU, but key gatherings have been postponed and talks on a bilateral investment treaty delayed.
Costa’s Socialist Party (PS) took 37 per cent of the vote, with watchers keen to see who he chooses as allies to stay in power.
Premier Li Keqiang says growing platform is an important ‘supplement’ to Beijing’s relationship with the European Union.
The EU economy is facing a raft of issues, including Brexit, the transition of leadership in Germany, the violent ‘yellow vest’ protests in France and widespread populism.
