The Great Debate UK
The Muslim Brotherhood is treading cautiously in the new Egypt, assuring the military government and fellow Egyptians that it does not want power and trying to dispel fears about its political strength. The target of decades of state oppression, the Brotherhood wants to preserve the freedoms it is enjoying under the new military-led administration that took power from Hosni Mubarak.
So far, signs are encouraging for the Brotherhood: an eight-man judicial council appointed to propose democratic changes to the constitution includes one of its members. But experts say the Islamists remain wary of the military. That partly explains why they have gone out of their way to say they are not seeking power -- a reiteration of a position they have long espoused to avoid confrontation with the state.
The Brotherhood has said it will not field a candidate for president and will not contest enough seats to clinch a majority in parliament. The message, experts say, is partly aimed abroad, especially at the United States, which has expressed some concern over the role the Brotherhood might play in the post-Mubarak Egypt.
-”Kathleen Brooks is research director at forex.com. The opinions expressed are her own.”-
The peoples of the Middle East are rising up and letting their political views be known. In Tunisia, Egypt and Yemen protestors have taken to the streets to demand political change, and in the case of Tunisia they have succeeded. These tensions between the people and their governments have caught the global media’s attention. It has also set off something of a domino effect with other autocratic regimes in the region worrying that the same could happen to them.
-Andrew Hammond is a Director at ReputationInc. The opinions expressed are his own-
The WikiLeaks release last month of around a quarter of a million classified U.S. State Department documents has, by critics, been variously characterised as the “September 11 of world diplomacy” (Italian Foreign Minister Franco Frattini); an “attack on the international community” (U.S. Secretary of State Hilary Clinton); and a threat to “democratic sovereignty and authority” (French Government Spokesman Francois Baroin).
–Laurence Copeland is a professor of finance at Cardiff University Business School . The opinions expressed are his own–
Bank bonuses are in the news again, and once more we see the spectacle of the Prime Minister indirectly pleading with the bankers not to be too greedy. Note the contradiction in the government’s position: even though we own two of the largest and most culpable banks, we dare not impose explicit limits on their pay lest they decamp to places where the political climate is more hospitable and the regulators more tolerant. But although enforced limits are out of the question, it’s quite OK to pressure them by every other means – which, of course, raises the question: why should bankers be more willing to stay in Britain when their pay packet is limited by “voluntary” restraint rather than government intervention?
-Laurence Copeland is professor of finance at Cardiff University Business School. The opinions expressed are his own-
The policy debate is hotting up. On one side, we have the expansionists, arguing that it’s the Nineteen Thirties all over again, that Keynes is right now as he was then – we need more, not less government spending, we are digging our own graves by cutting back, especially as the fiscal retrenchment is continent-wide, covering thrifty North Europe as well as profligate ClubMed. According to this view, fiscal contraction will exacerbate the situation by magnifying the fall in the level of economic activity, leading to a downward spiral and, incidentally, making it harder than ever to repay our debts.
-Mark Kobayashi-Hillary is the author of several books, including ‘Who Moved my Job?’ and ‘Global Services: Moving to a Level Playing Field’.The opinions expressed are his own.-
If Thomas Paine were around today he would be a blogger, writing virtual pamphlets that shake a fist at the machinery of government.
– Alexander Smith is a Reuters Breakingviews columnist. The opinions expressed are his own –
Britain’s new coalition government wants to cut the country’s carbon footprint as well as its colossal deficit. But the alliance’s more ambitious green policies sound expensive — especially for an administration whose priority is fiscal discipline. Private sector involvement will be critical. And investors may take some convincing.
– James Saft is a Reuters columnist. The opinions expressed are his own –
To look at sterling and gilts, you would hardly know that Britain is sailing into a general election which will likely deliver a weaker government with a diminished ability, if not will, to grapple with high debts, an uncertain role in the global economy and an aging population.
– 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. -
“The most exciting race in years”. “It’s going to go down to the line.” “The old order has truly been upset.”
– George Hay is a Reuters Breakingviews columnist. The opinions expressed are his own –
The UK’s forced investments in the banking sector are in rude health. The 41 percent holding in Lloyds Banking Group and 70 percent stake in Royal Bank of Scotland are comfortably above where the government bought the equity. But that doesn’t mean whoever wins next week’s general election should charge into a sale.