The Great Debate UK

from Breakingviews:

Bearish markets remain in thrall to Greece

June 20, 2011

By Ian Campbell
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

How the euro zone can save itself

By Hugo Dixon
June 20, 2011

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Felix Salmon:

Could the EFSF engineer a Greek restructuring?

By Felix Salmon
June 20, 2011

We're now close enough to a Greek default that the likes of Daniel Gros are coming up with schemes for how to avoid such a thing:

Nuclear plants aren’t the only meltdown worry in Germany

June 13, 2011

Having just got back from a couple of days in Hannover, I couldn’t help but be struck by the dominance of the local news agenda by two topics – and the almost complete absence of a third. Taking the British media at face value, I might have expected a city in near-panic, with people nervously scanning menus for safe dishes to order and maybe antiseptic handwashing facilities being hurriedly installed in public places. In fact, the town looked exactly as I remembered it from my last visit a few years ago, with E.coli rarely mentioned either in conversation or on the 24-hour TV news channels.

Trichet’s United States of Europe?

June 3, 2011

By Kathleen Brooks. The opinions expressed are her own.

Another week another round of EU officials proposing solutions to the Greek insolvency problem.

from Felix Salmon:

Are Greek bonds pricing in a massive default?

By Felix Salmon
May 26, 2011

Martin Feldstein reckons that the market is pricing in a "massive" Greek default:

from Felix Salmon:

The fraught politics facing Lagarde

By Felix Salmon
May 24, 2011

To get an idea of the job facing the new head of the IMF, check out Patrick Wintour's interview with Vince Cable, a UK cabinet minister who, perfectly sensibly, says that Greece is going to have to restructure its debts. Cable puts a positive spin on the idea: a "soft restructuring", he says, with Greece staying in the euro zone, could lead to a closer political union.

from Felix Salmon:

The problems with a Greek “light dusting”

By Felix Salmon
May 4, 2011

According to Christopher Whittall, "a consensus has grown among market participants that authorities will look to avoid triggering CDS when restructuring Greek bonds". Recall the inimitable language of Lee Buchheit, in his latest paper on how Greece might restructure:

from The Great Debate:

Five ways to correct the Greek debt crisis

By Mohamed El-Erian
May 3, 2011

By Mohamed El-Erian
This piece is the English version of the one that appeared in Handelsblatt. The opinions expressed are his own.

from Felix Salmon:

Expecting an early Greek default

By Felix Salmon
April 20, 2011

Greece is going to restructure its debts -- and it's going to do so before mid-2013. That's the clear message sent by the latest Reuters poll of 55 economists from across Europe: 46 of them saw a restructuring in the next two years, with four saying it would happen in the next three months.