We are told that eurozone finance ministers meeting on Monday night in Brussels are keen to put the crisis in the single currency behind them.
Well, maybe. But you could argue that they shouldn't put it too far behind them. Why? Because across the eurozone, governments are pinning their recovery hopes on a weak euro. And in 2011, most analysts are expecting the euro to go up.
Asian stocks lost ground on Tuesday with Tokyo and Shanghai falling sharply as markets worried about Chinese economic tightening and the troubled eurozone.Tokyo's Nikkei index ended the session down 1.87 percent, or 188.95 points, at 9,937.04, its sharpest decline in seven weeks, while Sydney's S&P/ASX 200 fell 0.74 percent, or 34.2 points, to 4,584.3.Hong Kong's Hang Seng dropped 0.68 percent, or 158.23 points, to 23,007.99, while Shanghai's Composite Index ended down 1.61 percent, or 46.18 points, at a seven-week low of 2,820.18.
HONG KONG (Reuters) - Asian stocks dropped to a four-year low for a second day on Thursday, with exporters especially hard hit, on growing fears that a severe global downturn would depress corporate earnings further.