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If the systems changeover for the euro turns into chaos, then the proprietor of a greasy spoon café in the City of London might know why.

While all eyes are on the birth of the euro, a region not so long ago written off is quietly rebuilding. In Thailand, interest rates are falling 25 basis points a week. The Republic of Korea looks likely to be upgraded as its current account swings from a 1997 deficit of $8.2 billion to a projected surplus of $40 billion in 1998 - a change equivalent to 16% of GDP. Even in Malaysia - where the situation is complicated by the regulatory environment - the stock market is booming. What they said could not happen is happening. Asia is exporting its way out of trouble.

Poll of Polls: Warburg's excellently average performance

Poll of Polls: Warburg's excellently average performance

Poll of Polls: Warburg's excellently average performance

Telecommunications: Ways to survive a sea of troubles

Poll of Polls: Warburg's excellently average performance

Chicago Exchanges: Working against the grain

The end of Jardine Fleming

Asset Management: Allianz wants other people's money

European Equities: The great equity rebalancing act

Asset Management: Allianz wants other people's money