Editor, Investment Strategy. Europe, Middle East and Africa, London
Mike's Feed
Jun 24, 2015

Greek deal or not, the euro is now a different beast

LONDON (Reuters) – By invoking a Greek euro exit as a possible outcome of failed bailout negotiations, European governments have effectively rewritten a key tenet of the shared currency – and maybe even for the better.

Deal or no deal on staving off Greek default or ‘Grexit’, euro governments have talked openly for the first time of how Greece could slide uncontrollably out of the currency bloc if it failed to agree bailout terms and meet debt payments.

Jun 24, 2015

Analysis – Greek deal or not, the euro is now a different beast

LONDON (Reuters) – By invoking a Greek euro exit as a possible outcome of failed bailout negotiations, European governments have effectively rewritten a key tenet of the shared currency – and maybe even for the better.

Deal or no deal on staving off Greek default or ‘Grexit’, euro governments have talked openly for the first time of how Greece could slide uncontrollably out of the currency bloc if it failed to agree bailout terms and meet debt payments.

Jun 10, 2015

Analysis – Calling time on zero rates and QE

LONDON (Reuters) – The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.

As financial markets start bracing for the first U.S. and British interest rate rises in almost a decade, there’s a pervasive feeling that the extraordinary central bank policies of near zero percent borrowing rates, money printing and bond buying are now causing more problems than they’re worth.

Jun 10, 2015

Calling time on zero rates and QE

LONDON (Reuters) – The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.

As financial markets start bracing for the first U.S. and British interest rate rises in almost a decade, there’s a pervasive feeling that the extraordinary central bank policies of near zero percent borrowing rates, money printing and bond buying are now causing more problems than they’re worth.

May 27, 2015

Analysis – May’s market tremors could reflect fear of ‘groupthink’

LONDON (Reuters) – For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable.

The so-called “new normal” or “secular stagnation” theses that posit years of paltry world growth, lingering economic slack and downward pressure on prices and interest rates have fast become consensus thinking among top investors, financial and academic economists.

May 27, 2015

May’s market tremors could reflect fear of ‘groupthink’

LONDON (Reuters) – For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable.

The so-called “new normal” or “secular stagnation” theses that posit years of paltry world growth, lingering economic slack and downward pressure on prices and interest rates have fast become consensus thinking among top investors, financial and academic economists.

May 13, 2015

Bookies win again versus emotion-skewed opinion polls

LONDON (Reuters) – Opinion pollsters face another post-mortem over their failure to accurately predict last week’s British election result, while world investors are paying heed to yet another win for betting markets.

Prime Minister David Cameron’s Conservatives won an outright parliamentary majority in a major upset that came after months of polls, including nearly a dozen on election day itself, showed them neck-and-neck with the main opposition Labour Party.

May 13, 2015

Analysis – Bookies win again versus emotion-skewed opinion polls

LONDON (Reuters) – Opinion pollsters face another post-mortem over their failure to accurately predict last week’s British election result, while world investors are paying heed to yet another win for betting markets.

Prime Minister David Cameron’s Conservatives won an outright parliamentary majority in a major upset that came after months of polls, including nearly a dozen on election day itself, showed them neck-and-neck with the main opposition Labour Party.

Apr 29, 2015

Absence of contagion changes whole Greek game

LONDON (Reuters) – If fear of Europe-wide financial wildfire was Athens’ trump card in its standoff with euro zone creditors – then the card has now turned up a dud.

The merits of ruling socialist party Syriza’s demands aside, its brinkmanship in renegotiating the painful terms of its international bailout always required one key element – a financial version of the old Cold War doctrine of ‘mutually assured destruction’.

Apr 29, 2015

Analysis – Absence of contagion changes whole Greek game

LONDON (Reuters) – If fear of Europe-wide financial wildfire was Athens’ trump card in its standoff with euro zone creditors – then the card has now turned up a dud.

The merits of ruling socialist party Syriza’s demands aside, its brinkmanship in renegotiating the painful terms of its international bailout always required one key element – a financial version of the old Cold War doctrine of ‘mutually assured destruction’.

    • About Mike

      "Mike Dolan is Reuters' Investment Strategy Editor in Europe. He has been a correspondent and editor for the past 20 years, working for Reuters from London and Washington DC in a variety of roles covering global policymaking, economics and investment trends."
      Joined Reuters:
      1995
      Awards:
      Reuters Editor of the Year, 2009. Reuters multimedia journalist of the year award, 2011
    • More from Mike

    • Contact Mike

    • Follow Mike