The Great Debate

Greece’s self-inflicted tragedy and the catharsis to come

By John Lloyd
July 2, 2015
The word 'No' in Greek is seen on a banner hanging from Athens' University building

The word ‘no’ in Greek is seen on a banner hanging from Athens’ University building in Greece, July 2, 2015. REUTERS/Marko Djurica

Fast Facts: Scenarios facing Greece after its default

By Jason Fields
June 30, 2015

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Grexit signs: Drachma, how we’ve missed you!

By John Lloyd
June 28, 2015
A drop of water is seen on a Greek twenty-Drachma coin depicting ancient Athenian politician and general Pericles in this picture illustration taken in Athens

A drop of water is seen on a Greek 20-drachma coin depicting ancient Athenian politician and general Pericles in this picture illustration taken in Athens March 22, 2015. REUTERS/Yannis Behrakis

The most important man in Europe you’ve never heard of

By John Lloyd
March 9, 2015
Guardia di Finanza troops stand before the Quirinale palace in Rome, April 22, 2013. REUTERS/Max Rossi

Guardia di Finanza troops stand before the Quirinale palace in Rome, April 22, 2013. REUTERS/Max Rossi

‘The Communist Manifesto’ (2015 edition)

By John Lloyd
February 6, 2015
Head of radical leftist Syriza party Tsipras speaks after winning elections in Athens,

The head of the radical leftist Syriza party, Alexis Tsipras, speaks to supporters after winning elections in Athens, Jan. 25, 2015. REUTERS/Marko Djurica

from Anatole Kaletsky:

Why markets ignore good news from U.S. to focus on bad news from Europe

By Anatole Kaletsky
October 16, 2014

A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York

What’s spooking the markets?

One thing we can say for sure is that it is not the slightly weaker-than-expected retail sales that triggered the mayhem on Wall Street on Wednesday morning. Most U.S. economic data have actually been quite strong in the month since Wall Street peaked on Sept. 19.

from Anatole Kaletsky:

An ‘atomic bomb’ is hovering over France’s economy

By Anatole Kaletsky
October 10, 2014

France's President Hollande and German Chancellor Merkel talk during a conference on jobs in Milan

An “atomic bomb” is about to blow up in “the confrontation between Paris and Brussels.”

from Anatole Kaletsky:

What’s Europe’s best hope for avoiding a second euro crisis?

By Anatole Kaletsky
August 29, 2014

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This week’s theatrical resignation threat by Manuel Valls, the French prime minister, combined with deep European anxiety about deflation, suggest that the euro crisis may be coming back. But a crisis is often an opportunity, and this is the hope now beginning to excite markets in the eurozone.

from Breakingviews:

Europe slides towards the next Minsky Moment

May 19, 2014

By Neil Unmack

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

Why isn’t the euro falling even further?

By Peter Gumbel
May 29, 2012

If the euro really is on the verge of collapse, as many pundits are now proclaiming, how come it is still so highly valued against other currencies, including the U.S. dollar?