Breakingviews

Review: Modernizing Mexico, one feud at a time

May 22, 2015

Two Mexicos coexist, one an insular land of hard-to-kill monopolies in politics and business, the other more outward-looking, embracing modernity and even the United States. In “Amarres perros” pundit-politician Jorge Castañeda recalls a life of trying to change the balance.

Renzi is still dodging big Italian pension fight

May 21, 2015

The prime minister has found a clever way to blunt a constitutional court ruling on pensions that threatened to blow a hole in Italy’s budget. That avoids a conflict with Brussels. But he hasn’t bitten the bullet on the bigger pension issue: bloated spending that stifles growth.

UK politics is failing the trust test

By Hugo Dixon
May 4, 2015

In the run-up to the May 7 election, the public has lambasted leaders of the established parties for breaking promises and lack of candour. While the critique is healthy, Britain has yet to give birth to leaders who score high on integrity. This is needed, not just in the UK.

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.

Labour to gain from “follow the money” UK voting

April 24, 2015

People vote with their wallets. The governing Conservative coalition may earn credit for presiding over five years of low interest rates and a strongish pound. But a Breakingviews calculator suggests a weaker record on growth, house prices and stocks could swing votes to Labour.

EU migration policy is economically short-sighted

By Edward Hadas
April 20, 2015

For many desperate and poor people, Europe is the nearest safe place to go to make a living. A sensible migration policy would recognise the region’s international appeal and manage the reality. But inward-looking politics make for bad economics and heighten the risks to life.

Iran deal moves oil closer to long bear market

By Edward Hadas
April 7, 2015

A framework deal to curb Iran’s nuclear program is likely to bring the country’s oil exports way up. Like Saudi Arabia, Iran gains more from market share than it loses from low prices. Higher-cost producers will take time to adjust.

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: The lucrative and controversial Blair Inc

March 20, 2015

Tony Blair has made a small fortune after stepping down as UK prime minister, advising illiberal leaders from Kuwait to Kazakhstan. A timely new book details his awkward juggling of paid and non-profit work. Blair is an extreme example of a wider challenge to politics.

Capital controls an unpalatable option for Athens

February 10, 2015

The risk of a Greek euro exit increases the pressure for capital controls. The policy did less harm than expected in the Cyprus crisis, and would buy time for Athens and its international creditors. The snag is that Greece’s position is weaker, and the politics more toxic.