The Great Debate UK

Mood of cautious optimism in owner-managed business sector

April 26, 2010

-David Rankin is managing director of business advisory, tax and assurance at Vantis. The opinions expressed are his own.-

from Breakingviews:

Greek agony must galvanize the euro periphery

April 23, 2010

The emergency numbers are ringing. Greek 10-year debt yields are ballooning to well over 8 percent. The country cannot sustainably finance itself. The debt of other troubled euro zone countries -- Portugal, Spain, Ireland and Italy -- is vulnerable to contagion. Help for Greece from the International Monetary Fund and European Union can't come too soon. But the probable rescue must be a spur not a salve, in Greece and outside it.

Three big myths about public sector cost-cutting

By Andrew Wileman
April 13, 2010

Wileman- Andrew Wileman is a independent business consultant and writer, most recently writing about cost management in the private and public sectors in “Driving Down Cost” (Brealey Publishing). The opinions expressed are his own. –

from Global News Journal:

If Greece’s debt dam breaks, who gets wet?

April 13, 2010

The 16 countries that share the euro single currency have agreed they will help Greece out if it needs. So far so good. But only now is the nitty-gritty of how member states will go about paying for their contributions being hammered out. And suddenly things are getting a little complicated.

from Breakingviews:

How to tell you’re not Greece — yet

April 12, 2010

By Rob Cox and Agnes T. Crane

Greece may be enviable as the ancient cradle of democracy -- but no country wants to emulate its contemporary fiscal troubles.

from MacroScope:

Brit Euro Shock Horror: Part II

March 16, 2010

A week ago we ran a post on MacroScope noting, in part, that Britons have a strange relationship with the euro, sometimes bordering on disbelief that it exists at all. Some new numbers from the monthly Bank of America Merrill Lynch fund managers poll underline the extent of UK scepticism compared with that of others.

from Global News Journal:

Does Greece really deserve such a market pummelling?

February 3, 2010

So there's no question Greece has work to do to improve its bookkeeping.

Not only must it get spending in check,  but it needs to be a bit more honest about where its finances stand in the first place. After all, it's not often an EU country says one month that its budget deficit is a little over three percent of GDP and admits a few weeks later that, oh dear, it's actually nearer 13 percent.

Re-entry dilemma for G20 ministers

September 2, 2009

copeland1- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

from Commentaries:

Take the L out of LBO

August 31, 2009

In a perfect world, we would simply ban leveraged buyouts. The vast majority of these debt-laden corporate takeovers are no less predatory and value-destroying to a company than a loan shark who charges usurious rates of interest.

from Commentaries:

Anglo American clears more clutter

August 12, 2009

CHILE-CODELCO/ANGLOAMERICANJohn Parker's appointment as chairman of Anglo American seems to be having the desired catalytic effect – even though the British businessman is barely through the door.