London (CNN) - So Nicolas Sarkozy and Angela Merkel have come up with a plan to "save the euro" as the deadline counts down to the Friday summit.
Another plan. But this one is different. For the first time it attempts seriously to tackle the underlying problem and create a "fiscal compact" of better budgetary and management for the eurozone.
Each has got something. Merkel hasn't had to budge on single Eurobonds, Sarkozy has assurances that bond holders won't take further haircuts, which would have hurt French banks further.
(CNN) – Success means you're never too big to roll up your sleeves and get to work.
On this episode of 'The Boss', in Macau Francis Lui shows his staff
Both business leaders show us why it takes sweating the small stuff to hold onto staff and clients.
Dublin (CNN) – The Celtic Tiger has fled and the Irish capital is licking its wounds from a decade of over-spending.
However, it’s not all doom and gloom. CNN's Jim Boulden travelled to Dublin and found a city reinventing itself.
Hong Kong (CNN) – There are a lot of critical meetings scheduled this week in Europe, and Asia is watching.
There's no more talk now of financial decoupling from developed economies. The global economy is tightly interwoven and as Yonghao Pu, chief investment strategist of UBS Asia Pacific, frankly says, "At the moment, we (Asia) are kind of a hostage to what's going on in Europe."
We're seeing the weakness in the global economy force China's hand.
Beijing recently relaxed capital reserve requirements of its major banks after already loosening requirements for some rural banks. This was to make it easier for the banks to make loans and to partially offset the ripple effects of the global economy. China's latest PMI data have shown manufacturing contracting because of reduced demand. Europe is China's biggest export market. If Europe goes into a recession, Asian exports will certainly suffer a huge dip.
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