Greek bank salvation may still have sting in tail

July 13, 2015

Greece’s lenders are getting another 25 billion euros in bailout recap money. With a deal in place, more ECB crisis loans should also materialise. But the central bank may not provide them today, and a new Greek bail-in regime raises uncertainty for depositors.

UK taxpayers hurt more by EU split than HSBC exit

May 19, 2015

Deutsche Bank and its rivals could move operations out of London if Britons vote to leave the EU. That would dent the main source of UK tax from the financial sector - income tax on bankers. It’s a bigger loss than reduced bank levy receipts from HSBC moving its head office.

EU’s competition sprawl as worrying as Google’s

April 15, 2015

Europe has accused the web giant of favoring its own shopping search results and broadened the case to include its Android mobile operating system. Investigations and appeals may take a decade. Brussels’ ambitious lack of focus is similar to what threatens ever-expanding Google.

Europe could edge past U.S. in race to courthouse

December 17, 2014

New rules and bank scandals boost financial fraud and class-action filings in Britain. Patent combatants flock to German judges. And spats over failed investments clog EU courts. The upshot: a lawsuit boom that may topple America as the world’s business litigation capital.

Russia puts gas-hungry China in a bear hug

May 21, 2014

A planned pipeline gives Russia a new market outside the increasingly frosty EU. For oil major PetroChina this should staunch losses from low regulated prices at home. China gets cheap supply, but at a cost: the optics of the deal shred Beijing’s claims of political neutrality.

The world is wasting a good crisis

By Hugo Dixon
November 22, 2010

Bailouts such as Ireland's may be necessary. But unless tough and smart terms are imposed, no lessons will be learned.

Euro zone must change to allow Italy to reform

By Pierre Briancon
February 26, 2013

The Italian election results caught euro zone leaders by surprise. They now fear “instability”. It’s clear that Italy will pay a high price if it fails to reform. But crude “austerian” meddling by other governments, the EU and the ECB helped create the current mess.

Barnier broadside leaves EU looking soft on banks

April 23, 2013

The EU’s top financial regulator seems out of touch on banking reform. While his peers want lenders to keep more capital, Michel Barnier says the U.S. should give European banks a break. He thinks global teamwork can avert problems. History suggests that’s naïve.

UK minus EU is another loser from Lawson

May 8, 2013

Nigel Lawson has done it again. The chancellor responsible for a housing bubble that left the economy struggling for half a decade now recommends an EU exit. But leaving the EU doesn’t do anything at all to help the UK in Asia. It will simply repel multinationals and isolate the UK.

Europe rightly throws shade on solar tariffs plan

May 28, 2013

Why would Germany and other EU countries reject punitive tariffs on Chinese solar panel makers? After all, they are the ones who suffer. But European companies in other industries producing in China have more to lose. Fairness may not prevail, but rationality should.