Breakingviews

Hugo Dixon: Greece needs a second election

By Hugo Dixon
May 26, 2015

Most scenarios facing the country are bleak, but there is one outcome that is not too bad. This will require the prime minister not only to eat his words, but also to call a new election to get a fresh mandate. The timing is tough, but just doable.

Cameron has work cut out to sustain relief rally

May 8, 2015

UK stocks and bonds, and the pound, have jumped on the Conservatives’ surprise election success. That’s to be expected given fears of a messy outcome. But the result leaves open questions on EU membership and Scotland. Such uncertainties could hold back investment and growth.

Renzi’s Italian gamble is worth taking

April 30, 2015

Premier Matteo Renzi is using confidence votes to ram though electoral reform. He risks a government collapse, and has nearly torn his own party apart. Yet the law should reshape Italian politics for the better - and help the economy.

Ready-reckoning the markets post-UK election

April 29, 2015

Next week’s British general election is unlikely to produce a clear winner. But a government will eventually be formed, even if it takes a second vote. Different medium-term trends will emerge after the inevitable short-run volatility in sterling, gilts and UK-listed stocks.

Review: The politics of anti-inequality

By Edward Hadas
April 24, 2015

Anthony Atkinson's "Inequality" is a UK-centric manifesto to help the poor and restrain the rich. The Oxford academic's specific proposals are mostly sensible, but they dodge serious questions about the role of the welfare state and the balance of national and global justice.

Europe’s credit boom locks in mediocre returns

April 16, 2015

Investors are throwing money at European companies. Carrefour and Danone paid little over 1 pct a year to borrow for a decade; Novartis got 20-year funds at similar levels. A Breakingviews calculator shows how bond buyers’ generosity could backfire.

Greece comes kicking and screaming to reform table

April 2, 2015

The Syriza government’s latest reform proposals include some concessions to its public creditors. The plan still lacks detail, and reneges on past promises. The government is fiddling while Athens burns, and the risk of an accidental euro zone exit is rising.

Review: Money, theft and death in Putin’s Russia

By Edward Chancellor
March 6, 2015

Bill Browder's grandfather was an American communist. The grandson ran a hedge fund which profited during the chaos under Boris Yeltsin. But Browder did not reckon with the hard men of the Putin regime. His book offers some sobering lessons for investors in emerging markets.

India’s infrastructure push could be envy of West

March 2, 2015

The government has pushed back its deficit reduction target in order to boost spending on roads, rail and power. New Delhi is now unmistakably pursuing a public investment-led growth strategy. It’s an opportunity that rich nations, which can borrow far more cheaply, are missing.

Review: What the Great Depression taught the Fed

By Guest Contributor
January 30, 2015

Ben Bernanke is an expert on the famous crash. But Barry Eichengreen argues in his new book that the Fed boss during the 2008 crunch hadn't learnt the lessons of the boom preceding the bust. Bernanke's knowledge helped with crisis management, but it is too early to say how much.