It’s still possible to stop Grexit

By Hugo Dixon
June 29, 2015

The chance of Greece quitting the euro has risen sharply. But a so-called Grexit can still be stopped, despite dramatic weekend developments which saw Athens declare a six-day bank holiday after talks with its creditors broke down.The most obvious way of avoiding a Grexit is if the people vote to accept the bailout terms offered by euro zone countries and the International Monetary Fund in a referendum set for July 5. But even if they do that, it’s not certain Greece will avoid a return to the drachma.

Tsipras needs rupture with far-left, not Brussels

By Hugo Dixon
March 30, 2015

By Hugo Dixon

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

Greece has no good Plan Bs

By Hugo Dixon
March 9, 2015

Greece has no good Plan Bs. Its only rational course of action is to work with its euro zone creditors to reform its economy.

Greece desperately needs quick fix

By Hugo Dixon
February 16, 2015

Greece desperately needs a quick fix. Time is running so short that a deal is needed in the next few days to stop Athens going bust. That will be, at best, a short-term patch-up while a long-term programme is worked out.

Give Greece’s Alexis Tsipras time

By Hugo Dixon
February 3, 2015

There are two schools of thought about how the euro zone should play its negotiations with Alexis Tsipras, the new Greek prime minister. One is that other leaders and the European Central Bank should back him into a corner. The other is that they should give the radical left Syriza leader time.

Italy has no good Plan B

By Hugo Dixon
October 13, 2014

Matteo Renzi’s Plan A is to push through domestic reforms, hope the European Central Bank manages to get inflation ticking up, and keep his fingers crossed the Italian economy stops shrinking. But if this fails, a mega wealth tax, debt restructuring and/or exit from the euro beckons.

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. 

Europe should give Cyprus a hand

By Hugo Dixon
March 17, 2014

Sunday marked the anniversary of Cyprus’ shock plan to raid the tiny island’s bank deposits. The envisaged tax, backed by the euro zone, covered all banks and all deposits, whether insured or not.

Greece will probably pull through

By Hugo Dixon
April 22, 2013

Greece is not yet out of the woods. But there is a credible path that could lead the country back into the sunlight. That’s the main conclusion of a week I have just spent in the country.

Italy could do with market pressure

By Hugo Dixon
April 15, 2013

Italy could do with some market pressure. Rome’s bond yields are now lower than they were before February’s inconclusive election. But as the politicians scheme, the economy burns. With markets calm, there is insufficient urgency to crack on with long-needed economic and political reform.