China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

February 2004

The price of Europe getting high

by Rupert Wright


Moroccan negotiators tried to exclude wheat from the proposed free trade pact with the US – and failed – but one flourishing export from Morocco was not discussed at all, even though the country is the world's largest producer.

Not far from Europe's southern shore, and close to the point where the proposed tunnel linking Africa to Europe would exit, are the world's largest fields of marijuana. Cannabis has been grown in the mountains around Rif for centuries, but its production is on the increase. Two-thirds of Europe's...


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