What to do about populism?

By Hugo Dixon
November 24, 2014

By Hugo Dixon

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

Markets right to worry about euro zone

By Hugo Dixon
October 20, 2014

By Hugo Dixon

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

Euro crisis is sleeping, not dead

By Hugo Dixon
July 28, 2014

Euro zone policymakers may feel they can afford to relax this summer. That would be a terrible error. The euro crisis is sleeping, not dead.

Cameron’s cack-handedness risks Brexit

By Hugo Dixon
June 16, 2014

David Cameron’s cack-handed European diplomacy risks leading Britain out of the European Union.

Don’t bet on EU treaty change

By Hugo Dixon
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.

Euro zone needs anti-boom activism

By Hugo Dixon
September 23, 2013

A big problem with the euro zone’s one-size-fits-all monetary policy is that it risks fitting nobody. That, indeed, was a key cause of the crisis. Early in the century, countries such as Spain and Ireland were booming, while Germany was in the doldrums. Setting interest rates at a level that worked well for the euro zone on average had the effect of inflating the Spanish and Irish property bubbles while pushing up wages so their economies became uncompetitive. When the bubbles burst, the damage was devastating.

Successful summit didn’t solve crisis

By Hugo Dixon
July 2, 2012

Cuando despertó, el dinosaurio todavía estaba allí. “Upon waking, the dinosaur was still there.”

How 50 bln euros might save the euro

By Hugo Dixon
June 25, 2012

The break-up of the euro would be a multi-trillion euro catastrophe. An interest subsidy costing around 50 billion euros over seven years could help save it.

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.

Euro Disziplin may store up trouble

By Hugo Dixon
December 5, 2011

The euro zone will probably get another short-term fix at its summit this week. Exactly how the fix will work isn’t clear. But both Germany and the European Central Bank have softened their positions so much that some sort of solution is in the works. The ECB will probably cut interest rates and spray more liquidity at the troubled banking system; it may also step up its purchases of government bonds; and some scheme for assembling enough money to bail out Italy and Spain — probably by getting national central banks to lend money to the International Monetary Fund, which could then pass it on to Rome and Madrid – may be unveiled.