Euroland

As the skies over euroland darken, at least the jokes in Brussels are getting better.

Owing to its neoliberal monetary arrangements Euroland has run smack into these economic realities.

Euroland is roughly in external balance and most of its governments' debts are held within the region.

Rapprochement with China, however vexing for the pro-independence camp, could open up agreements with the US, Japan and Euroland.

Our strategy will focus on country allocation through an overweight position in Euroland at the expense of US.

The low-level investment growth will struggle to offset the weak levels of consumption in much of Euroland.

The Germans have given up their opposition to the idea of euroland-wide economic governance.

Its new stores are to be called Dealz (not Euroland).

Unlike the spendthrifts of euroland's periphery, Japan is entirely self-financing.

Not only do these monetary arrangements contribute to suboptimal fiscal policy, they are also aggravating fissures within Euroland.

Today, Euroland is being crucified upon its own cross of gold that is the institutional arrangements behind the euro.

Together they constitute too large a portion of euroland to be helped in this way.

Also, Euroland will grow slower as we start to move through the cycle.

The recent turmoil in Euroland has focused East Asian minds on two issues.

The UK's growth prospects for 2003 and 2004 are much better than Euroland's.

With that, 4. 5% of Euroland's 8. 3 trillion euros public debt could be paid off in one fell swoop.

They will be careful about fresh risks in euroland.

That is not a disaster. In fact it is very good compared with the rest of euroland.

It is why central bankers in euroland and the UK talk of ending stimulus measures but know that if they do, the recovery ends.