The Great Debate

A good deal for Greece, its creditors, and Europe

By Jeromin Zettelmeyer
March 1, 2012

Amid all the doom and gloom about Greece in the last few weeks, it is easy to overlook an important piece of good news: the debt exchange offer published by Greece on Friday with endorsement by its main private and official creditors. If implemented, this would be a major achievement and an important step toward overcoming the euro zone crisis, almost regardless of what happens next.

from James Saft:

Waiting for Europe’s QE to sail

By J Saft
December 2, 2010

The good news is that the European Central Bank will probably start a massive additional round of quantitative easing to fight the break-up of the euro zone.

from James Saft:

Pension savers get the boot

November 30, 2010

From Dublin to Paris to Budapest to inside those brown UPS trucks delivering holiday packages, it has been a tough few weeks for savers and retirees.

from The Great Debate UK:

How will the Eurozone crisis end?

June 6, 2010

-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. -

Euro woes increase risk of trade wars

By J Saft
May 20, 2010

Europe won’t just be exporting deflation to the rest of the world, it will export serious trade tensions as well: first between the United States and China, and, possibly, eventually between Europe and the United States.

Euro zone medicine not working on banks

May 18, 2010

Fear of lending to banks is rising again in Europe, as even a 750 billion euro zone rescue package proves not enough to stem fears that the banking system will prove the weak link when southern European nations can’t meet their obligations.

Europe shambles as Greek fire spreads

By J Saft
April 29, 2010

Europe desperately needs to get out in front of its solvency problem, Greek edition; not because it is right, not even because it will work in the long term, but to stem rapid and costly contagion through financial markets to other weak links in the euro zone, not least to banks.

Greece an ideal Goldman client; profitable, culpable

February 16, 2010

Goldman Sachs has a lot to be thankful for – huge bonuses, massive taxpayer subsidies, unrivalled political influence – but in Greece they have finally found nirvana: a highly profitable business partner who can also credibly serve as the villain in the piece.

Who wins in U.S. vs Europe contest?

By Bernd Debusmann
February 12, 2010

In these days of renewed gloom about the future of Europe, a quick test is in order. Who has the world’s biggest economy? A) The United States B) China/Asia C) Europe? Who has the most Fortune 500 companies? A) The United States B) China C) Europe. Who attracts most U.S. investment? A) Europe B) China C) Asia.

Don’t bank on EU’s tough state aid talk

By Paul Taylor
April 20, 2009

paul-taylor– Paul Taylor is a Reuters columnist. The opinions expressed are his own –

PARIS, April 20 (Reuters) – The European Union’s antitrust czar is struggling to stop governments bending EU rules on state aid to business when they rescue banks with taxpayers’ money.