Global Economics Correpondent
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Jun 7, 2012

China must drop barriers to European investment, EU says

BRUSSELS/LONDON (Reuters) – China needs to soften onerous requirements on European companies investing in its economy before Brussels and Beijing can start talks on a pact to unleash billions of euros of fresh investment flows, the EU’s top trade official said on Thursday.

A wave of Chinese direct investment could bring $250 billion to $500 billion in fresh capital to Europe this decade, according to a new report, and European companies are eager to expand in fast-growing Asia.

May 28, 2012

Euro’s long-time doubters say ‘I told you so’

LONDON/FRANKFURT, May 28 (Reuters) – They were dismissed as
prophets of doom. Now, as the euro struggles to survive,
long-standing critics of Europe’s single currency are more like
prophets in their own time.

But when they say ‘I told you so’, many do so with a
regretful shake of the head, knowing the chaos and contagion
that could ensue if austerity-weary Greece, at the epicentre of
the crisis, quits the euro after a new election next month.

May 28, 2012

With or without euro, Europe must raise its game

LONDON (Reuters) – The opening last week in northeastern Spain of a 37-million-euro stretch of motorway to nowhere is an irresistible metaphor for the euro, an ambitious project conceived in better times that is now seemingly running out of road.

With Spain heavily in debt, the authorities could not afford to finish the highway but opened the completed 6 km section near Lleida in any case to deter illegal joy racing.

May 28, 2012

Analysis: With or without euro, Europe must raise its game

LONDON (Reuters) – The opening last week in northeastern Spain of a 37-million-euro stretch of motorway to nowhere is an irresistible metaphor for the euro, an ambitious project conceived in better times that is now seemingly running out of road.

With Spain heavily in debt, the authorities could not afford to finish the highway but opened the completed 6 km section near Lleida in any case to deter illegal joy racing.

May 12, 2012

Spain faces corrosion not collapse from euro crisis

BARCELONA, Spain (Reuters) – Students are protesting on Barcelona’s elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.

Such is the daily fallout from the euro zone’s debt crisis. Like the rest of Spain, Barcelona is looking at several years of hard grind as the country adjusts to living within its means after the collapse of a debt-financed housing bubble that has brought much of the banking sector to its knees.

May 12, 2012

Analysis: Spain faces corrosion not collapse from euro crisis

BARCELONA, Spain (Reuters) – Students are protesting on Barcelona’s elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.

Such is the daily fallout from the euro zone’s debt crisis. Like the rest of Spain, Barcelona is looking at several years of hard grind as the country adjusts to living within its means after the collapse of a debt-financed housing bubble that has brought much of the banking sector to its knees.

May 4, 2012

Analysis: Spain bad loan mess revives debate on who should pay

LONDON (Reuters) – Spain’s plan to rid banks of toxic real estate assets is reviving the politically heated debate over how creditors and taxpayers should share the vast losses still being incurred by the euro zone debt crisis.

Nowhere is the issue in sharper relief than in Ireland.

The government took an 85 billion euro IMF/EU rescue package to bail out the country’s banks, felled by a reckless decade-long building boom, and extended a blanket guarantee to 440 billion euros of the banks’ liabilities, including senior bonds.

May 4, 2012

Spain bad loan mess revives debate on who should pay

LONDON, May 4 (Reuters) – Spain’s plan to rid banks of toxic
real estate assets is reviving the politically heated debate
over how creditors and taxpayers should share the vast losses
still being incurred by the euro zone debt crisis.

Nowhere is the issue in sharper relief than in Ireland.

The government took an 85 billion euro IMF/EU rescue package
to bail out the country’s banks, felled by a reckless
decade-long building boom, and extended a blanket guarantee to
440 billion euros of the banks’ liabilities, including senior
bonds.

Apr 30, 2012

Emerging markets hold breath as EU banks shrink

LONDON, April 30 (Reuters)- From Beijing to Bucharest,
emerging market policymakers are as worried as those in Brussels
that the rapid contraction in western European banks’ balance
sheets will compound the debt crisis and further delay economic
recovery.

In a striking indication of that concern, the International
Monetary Fund said developments in the euro area pose a greater
risk to the Asia-Pacific region than either a hard landing in
China or a rise in commodity prices.

Apr 25, 2012

Politics force growth back on to Europe’s agenda

LONDON (Reuters) – It’s early days, but powerful political currents could be sweeping Europe away from its hair-shirt obsession with reducing debt and deficits regardless of the economic cost.

Any course correction will be a tug on the tiller rather than a U-turn. The euro zone will not suddenly abandon budget discipline and spend its way back to growth as Germany, Europe’s paymaster, would not stand for it. Nor, in their current mood, would the bond markets.

    • 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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