Greece has two weeks to produce red meat

By Hugo Dixon
April 7, 2015

Hugo Dixon is Editor-at-Large, Reuters News. The opinions expressed are his own.

Greece has two weeks to produce some red meat.

The default scenario is off the table for the time being after Yanis Varoufakis, the finance minister, confirmed the country would meet a payment to the International Monetary Fund on April 9. But with more payments looming, the fear of bankruptcy will be back by late April if Greece doesn’t come up with some substantial reforms.

Matteo Renzi is on a roll

By Hugo Dixon
July 7, 2014

By Hugo Dixon

Hugo Dixon is Editor-at-Large, Reuters News. The opinions expressed are his own.

Is Greece losing its reform drive?

By Hugo Dixon
June 23, 2014

By Hugo Dixon

Hugo Dixon is Editor-at-Large, Reuters News. The opinions expressed are his own. 

Euro crisis is race against time

By Hugo Dixon
October 1, 2012

Solving the euro crisis is a race against time. Can peripheral economies reform before the people buckle under the pressure of austerity and pull the rug from their politicians? After two months of optimism triggered by the European Central Bank’s plans to buy government bonds, investors got a touch of jitters last week.

Enough austerity, it’s time for reform

By Hugo Dixon
January 9, 2012

Semantics could help save the euro zone. There is a crying need to distinguish between fiscal austerity and structural reform.  The endless austerity programs adopted by the GIIPS — Greece, Ireland, Italy, Portugal and Spain — threaten to crush their economies so much that they are socially unbearable. By contrast, reforming pensions, labor markets and the like would be good for long-term growth. A policy mix that emphasizes the latter and draws some sort of line under the former is needed to stop the euro crisis spinning out of control.