The big fat Greek blame game

June 22, 2015

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

If Greece collapses, there will be giant dollops of blame to go round. The biggest ones will stick on whoever behaves most unreasonably in the standoff between Athens and its creditors, which could easily end in default and disaster.

Greek negotiations need extra time

June 17, 2015

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

The negotiations between Greece and its creditors over how to prevent the country defaulting are already in extra time. They have dragged on for so long that it might seem sensible to bring them to a swift, sharp conclusion.

What sort of man is Tsipras?

June 8, 2015

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

The next days will define Greece’s prime minister. Alexis Tsipras must choose between saving his country and sticking with a bankrupt ideology. If he is brave and smart, he can secure a few more concessions from creditors and a goodish deal for Greece. If not, he will drag the country into the abyss.

Greek euro exit will be hard to stop

February 9, 2015

By Hugo Dixon

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

Markets right to worry about euro zone

October 20, 2014

By Hugo Dixon

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

Don’t bet on EU treaty change

March 31, 2014

Both continental European euro-enthusiasts and British Conservatives received a boost last week when the German and UK finance ministers called for a rewrite of the European Union’s treaties. The goal, outlined by Wolfgang Schaeuble and George Osborne, is to kill two birds with one stone: shore up the euro zone and keep Britain in the EU.

ECB really must act on deflation

November 4, 2013

The case for looser monetary policy should be clear when the European Central Bank governing council convenes in Frankfurt on Thursday. The question is what tools to use: lower interest rates, spraying the banks with more cheap long-term money or the ECB’s first dose of “quantitative easing”. The answer should be a mixture of all three.

Cyprus is edging towards euro exit

April 8, 2013

Cyprus is no longer centre stage. Nicosia has agreed a 10 billion euro bailout deal with its euro zone partners and the International Monetary Fund. A visible bank run has been averted by stringent capital controls. International markets, which only ever suffered a mild bout of jitters, have calmed down.

Cyprus leaves banking union up in air

April 1, 2013

The Cypriot catastrophe shows just how far away the euro zone is from creating its much-touted “banking union”. There was no euro zone supervision of Cyprus’ big banks, no transnational approach to put them into controlled bankruptcy, no common deposit insurance and no flow of bank rescue funds from abroad.

Cyprus controls an “omnishambles”

March 28, 2013

Cyprus’ capital controls are an “omnishambles”. If the Argentine-style “corralito” really can be lifted in seven days, the damage could be contained. But that doesn’t seem credible. Extended controls could spawn bribery, sap confidence, further crush the economy, spread contagion and ultimately lead to the country’s exit from the euro.