Jul 15, 2014 07:00 UTC

China’s corruption purge nears tricky second phase

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By John Foley 

The author is a Reuters Breakingviews columnist.  The opinions expressed are his own.

China is entering the second stage of its colossal fight against graft. Nabbing high-profile culprits was a good start. Now, other miscreants have to believe the same could happen to them. Finally, the rewards for good behaviour must be made comparable to the spoils of wickedness. From here, things get tougher.

Jul 14, 2014 21:02 UTC

Citi settlement imposes awfully pricey babysitter

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By Reynolds Holding

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Citigroup’s settlement over dodgy mortgages imposes an awfully pricey babysitter. A former prosecutor will watch the bank as part of its $7 billion deal with Uncle Sam. That may ensure compliance. But as Apple and others can attest, independent monitors are too often meddlers fond of excessive oversight and multimillion-dollar fees.

Jul 13, 2014 23:14 UTC

German soccer glory was predictable – with luck

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By Robert Cole

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Brazil’s World Cup was first-rate entertainment thanks to its many surprising results. For its part Breakingviews, also somewhat surprisingly, predicted that Germany would win the competition as long ago as last Christmas.

Jul 13, 2014 23:08 UTC

If only Argentine economy matched soccer success

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By Christopher Swann

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

If only the Argentine economy’s success matched that of its soccer team. The nation’s strong World Cup showing, making it into the final against Germany, reflects astute management of its big fan base and valuable on-field talent. That contrasts with a 100-year record of wasting its human and natural resources. It’s not too late: Avoiding policy own-goals could one day make Argentina an economic champion.

Jul 11, 2014 06:08 UTC

Review: Putting a face on China’s vague ambition

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By Peter Thal Larsen

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Can a large country be summed up in a single book? The notion may seem preposterous. When it comes to China, however, too many foreign writers seem determined to try to cram a state of more than 1.3 billion people into a few hundred pages. Few would dare attempt anything similar with the United States, which has a quarter of the population.

COMMENT

I will have to read this book, “Age of Ambition.” I see a lot of parallels with China and the U.S. I love this paragraph and I presume China talks about us the same way – ” It is either an economic powerhouse or a financial crisis waiting to happen. The Party has either come up with a better form of governance, or is in thrall to the corrupt elite, which is struggling to keep its grip on power. The country is either a belligerent military superpower preparing to impose its will on the rest of the globe, or run by a government that defensively stokes nationalist sentiments to give some sense of purpose to a restless population.” Thanks Peter.

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Jul 11, 2014 00:46 UTC

Spending hike is best part of low-key India budget

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By Andy Mukherjee

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The new Indian government’s maiden budget fell short of the hype. But Narendra Modi’s administration earmarked substantial sums for new infrastructure, which should revitalise growth.

Jul 10, 2014 17:57 UTC

Portugal in race against time to sort out BES

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By George Hay and Neil Unmack

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Lisbon needs to sort out Banco Espirito Santo – fast. Despite a recent successful rights issue, Portugal’s second-largest bank by value has a troubled major shareholder and a large exposure to shaky Angolan loans. With Portuguese bond yields up 40 basis points since July 7 and domestic bank shares tanking, a speedy restructuring is needed.

Jul 10, 2014 14:22 UTC

Capital crisis making Italy SpA stronger

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By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A procession of Italian industrialists and financiers slipped through the alleyways behind La Scala opera house two weeks ago to discuss the legacy of the man whose name adorns the piazza outside the building where they met: Enrico Cuccia. The group, ranging from a former Treasury minister to an iconoclastic fashion mogul, shared stories of the founder of Mediobanca, who’d passed away 14 years to the day. Yet for all the nostalgia that afternoon, absent was any obvious desire to turn back the clock to the days when Mediobanca was the unchallenged puppet-master of Italian business.

Jul 10, 2014 11:09 UTC

“Seller beware” when profiting from market calm

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By Swaha Pattanaik

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Seller beware. That is an unusual warning, but it applies right now to the options market. Sellers of protection against large price moves have been pocketing gains. But many will suffer losses if markets become less calm.

Jul 10, 2014 06:29 UTC

Capital flight crackdown would hurt outside China

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By Peter Thal Larsen

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A Chinese crackdown on capital flight would be felt around the world. The government has long tolerated some cash finding its way around the country’s financial border controls. If Beijing decides to plug the leaks then banks, casinos and overseas property markets would suffer.