VIDEO: Asia 'well placed' for euro shock

Spanish Data Halts Euro Rally Justin Burkhardt | FXFocus.com

South Korea Monday vowed a stern response to North Korea's alleged sinking of a warship despite new threats from the North, as the two sides prepared to make their case to the United Nations.President Lee Myung-Bak, in his first public speech since his party's defeat in June 2 local elections, said his government could make political concessions to rebuild its standing but none on security.

Stock indices falter in spite of the euro’s rebound, with Japan’s Nikkei sinking to a five-month low, as concerns about the eurozone and market volatility prompt investors to sell

By Elliott R. Morss:While the media is full of stories about financial chaos in the eurozone, little attention is being given to the human tragedy these countries are facing. So in passing, the table below provides data on the unemployed in the now five “weak sister” countries. Unemployment in “Weak Sister” Countries Source: OECD