Global Economics Correpondent
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Apr 15, 2013

Stagnant Europe the class laggard in G20 audit

LISBON, April 14 (Reuters) – After a bungled bailout of
Cyprus, the recession-stricken euro zone will stand out for the
wrong reasons when finance ministers meet in Washington this
week to run the rule over the global economy.

China on Monday is likely to report a growth rate of 8
percent for the first quarter, according to economists polled by
Reuters.

Apr 14, 2013

Stagnant Europe the class laggard as G20 takes stock

LISBON (Reuters) – After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington this week to run the rule over the global economy.

China on Monday is likely to report a growth rate of 8 percent for the first quarter, according to economists polled by Reuters.

Apr 12, 2013

Recession-weary Portugal tests limits of austerity

COSTA DA CAPARICA, Portugal (Reuters) – Back in 2008, the 500 or so slum dwellers of Terras do Lelo were finally looking forward to a better life.

The authorities had decided where they would relocate the mainly Portuguese-speaking immigrants and Roma from their plywood and corrugated iron shacks that disfigure the fringes of one of south Lisbon’s smartest beach resorts.

Apr 11, 2013

Analysis: Recession-weary Portugal tests limits of austerity

COSTA DA CAPARICA, Portugal (Reuters) – Back in 2008, the 500 or so slum dwellers of Terras do Lelo were finally looking forward to a better life.

The authorities had decided where they would relocate the mainly Portuguese-speaking immigrants and Roma from their plywood and corrugated iron shacks that disfigure the fringes of one of south Lisbon’s smartest beach resorts.

Apr 10, 2013

Portugal banks need 8 billion euros extra capital – Moody’s

LISBON (Reuters) – Banks in bailed-out Portugal need an extra 8 billion euros (6.82 billion pounds) in capital, based on conservative tests of their financial health, Moody’s Investors Service said on Wednesday.

Pepa Mori, the rating agency’s lead analyst for Portuguese banks, said non-performing loans had risen more than expected because of the country’s deepening recession, justifying a gloomier set of assumptions.

Apr 9, 2013

Euro zone victims betray sneaking regard for Thatcher

LISBON, April 9 (Reuters) – Even in the depths of recession,
southern Europe is showing a sneaking regard for the
single-minded way that Margaret Thatcher rammed through some of
the very policies that are now putting the region on the rack.

The free-market principles of the former British prime
minister, who died on Monday aged 87, are too radical for those
on the euro zone periphery – and elsewhere – who instinctively
look to the state for a helping hand.

Apr 2, 2013

Easier said than done for Portugal to revive industry

TORRES VEDRAS, Portugal (Reuters) – For Portugal to succeed in ambitions to reindustrialise its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.

As the name Unmanned Aerial Vehicles suggests, drones mounted with cameras are a mainstay for the small engineering firm. Clients include big farmers who want to monitor conditions in their fields. One drone has been adapted to film camel racing in Dubai.

Apr 1, 2013

Analysis: Easier said than done for Portugal to revive industry

TORRES VEDRAS, Portugal (Reuters) – For Portugal to succeed in ambitions to reindustrialize its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.

As the name Unmanned Aerial Vehicles suggests, drones mounted with cameras are a mainstay for the small engineering firm. Clients include big farmers who want to monitor conditions in their fields. One drone has been adapted to film camel racing in Dubai.

Mar 31, 2013

Japan just might be set to open a new chapter

LONDON (Reuters) – ‘Historic’ is an overused word. But if the Bank of Japan meets expectations and embarks this week on a radical policy shift to crush deflation, the meeting will go down as, well, historic.

Because of gently falling prices, Japan has not grown in nominal terms for two decades, reducing its relevance for the global economy.

Mar 26, 2013

Analysis – Gloom enveloping Portugal as austerity drags on

LISBON (Reuters) – Austerity is grinding Portugal down. The economy is adjusting to past excesses and flourishing firms are not hard to find. But the overall picture, mirrored across southern Europe, is of a people losing confidence in the future.

With domestic demand depressed by deep public spending cuts and a slump in investment, the risk is that improving exports alone will not be enough to restore growth. That would trap the government in a vicious circle, forever needing fresh cuts to meet its deficit and debt targets.

    • 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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