Global Economics Correpondent
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Nov 22, 2012

Price of milk makes Greeks’ blood boil

ORCHOMENOS, Greece (Reuters) – To understand why milk costs more in Greek shops than anywhere else in the European Union, Stathis Aravanis’s farm is a good place to start.

Tall elm trees screen the 4 hectares (10 acres) of land that Aravanis farms outside the small town of Orchomenos in central Greece, not far from the ancient city of Thebes. The silence is broken only by the sound of grazing cattle and a passing tractor.

Nov 22, 2012

Analysis: Greek economy pays high price for its high prices

ATHENS (Reuters) – Signs across Athens advertise property for rent or sale. One in three shops has closed. At those still open for business, turnover has slumped.

So it is one of the mysteries of Greece’s economic depression that prices of some things – milk and the new iPhone, for example – are among the highest in Europe.

Nov 18, 2012

Looking hard for reasons to give thanks

LONDON, Nov 18 (Reuters) – With every year that passes,
fewer and fewer people lead a life that is poor, nasty, brutish
and short. So it is only right to step back, as America does
this Thursday, to appreciate the bounties bestowed by economic
progress.

Yet this Thanksgiving, with the impact of the 2008 global
financial crisis refusing to fade, will not feel like a time to
celebrate.

Nov 11, 2012

Doubts in many corners cloud growth outlook

LONDON, Nov 11 (Reuters) – The global economy faces an
uneasy end to a difficult year as widespread policy uncertainty
that is blunting the benefit of an ultra-loose monetary stance
shows no sign of lifting.

To be sure, the re-election of U.S. President Barack Obama
has answered one critical question. And consumer sentiment in
America is at the highest level since the onset of the great
financial crisis.

Nov 4, 2012

Politics call the tune in U.S, China and Europe

LONDON (Reuters) – In the politically packed days ahead, an election, a coronation and a two-part parliamentary vote each has the potential to alter the course of the global economy for years to come.

The election, of course, is on Tuesday for the White House and Congress. Two days later, China’s ruling Communist party begins the 18th congress in its history.

Oct 29, 2012

Long-term battle for euro hinges on growth reforms

BRUSSELS (Reuters) – Europe has won the immediate battle to save the euro, but the war to make the single currency sustainable in the long run has only just begun.

Relief in Brussels is palpable: the European Central Bank’s conditional promise to act as buyer of last resort for the bonds of troubled euro zone members has removed an existential threat, at least for the time being.

Oct 29, 2012

Analysis: Long-term battle for euro hinges on growth reforms

BRUSSELS (Reuters) – Europe has won the immediate battle to save the euro, but the war to make the single currency sustainable in the long run has only just begun.

Relief in Brussels is palpable: the European Central Bank’s conditional promise to act as buyer of last resort for the bonds of troubled euro zone members has removed an existential threat, at least for the time being.

Oct 29, 2012

Crucial pre-election payroll report looks weak

By Alan Wheatley, Global Economics Correspondent

(Reuters) – The last employment report before the U.S. presidential election is likely to have something for everyone – for those bullish and bearish on the economy and for Barack Obama and Mitt Romney.

Non-farm payrolls in October are forecast to have risen 124,000, barely more than September’s 114,000 gain, according to 78 economists polled by Reuters. The unemployment rate probably edged back up to 7.9 percent after falling to 7.8 percent from 8.1 percent last month. The figures are due on Friday.

Oct 29, 2012

(RPT) GLOBAL ECONOMY-Poll: Crucial pre-election US payroll report looks weak

Oct 28 (Reuters) – The last employment report before the
U.S. presidential election is likely to have something for
everyone – for those bullish and bearish on the economy and for
Barack Obama and Mitt Romney.

Non-farm payrolls in October are forecast to have risen
124,000, barely more than September’s 114,000 gain, according to
78 economists polled by Reuters. The unemployment rate probably
edged back up to 7.9 percent after falling to 7.8 percent from
8.1 percent last month. The figures are due on Friday.

Oct 28, 2012

Seekers for top U.S. job await payroll fallout

LONDON (Reuters) – The last employment report before the U.S. presidential election is likely to have something for everyone – for those bullish and bearish on the economy and for Barack Obama and Mitt Romney.

Non-farm payrolls in October are forecast to have risen 124,000, barely more than September’s 114,000 gain, according to 78 economists polled by Reuters. The unemployment rate probably edged back up to 7.9 percent after falling to 7.8 percent from 8.1 percent last month. The figures are due on Friday.

    • About Alan

      "I'm the Global Economics Correspondent for Reuters News based in London. I've reported from more than 40 countries over 30 years and have had postings in Frankfurt, New York, Washington, Paris, London, Tokyo, Singapore and Beijing. From the Plaza Accord to the creation of the euro and the rise of China, I'm lucky to have covered many of the big economic stories of recent years."
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