Neil's Feed
Mar 6, 2014
via Breakingviews

Italy’s Renzi off to a bad start

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By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Matteo Renzi has been forced to amend his electoral reform. The result could mean that Italy will remain ungovernable. The new prime minister’s hand is weaker, even though the risk of early elections has subsided. And serious economic reforms will be harder.

Mar 6, 2014
via Breakingviews

Italy’s Renzi off to a bad start

Photo

By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Matteo Renzi has been forced to amend his electoral reform. The result could mean that Italy will remain ungovernable. The new prime minister’s hand is weaker, even though the risk of early elections has subsided. And serious economic reforms will be harder.

Mar 5, 2014
via Breakingviews

Bondholders will have to pay for Ukraine’s reset

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By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Ukraine bondholders haven’t seen the end of their suffering. The country’s bonds have sunk in spite of talks of an imminent bailout by the International Monetary Fund. The country’s creditors may face either a soft debt rescheduling or more radical haircuts. The risks of austerity, devaluation and continued political uncertainty all point to the latter.

Mar 5, 2014
via Breakingviews

Bondholders will have to pay for Ukraine’s reset

Photo

By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Ukraine bondholders haven’t seen the end of their suffering. The country’s bonds have sunk in spite of talks of an imminent bailout by the International Monetary Fund. The country’s creditors may face either a soft debt rescheduling or more radical haircuts. The risks of austerity, devaluation and continued political uncertainty all point to the latter.

Feb 25, 2014
via Breakingviews

Italy’s Renzi has big dreams and small mandate

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By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Italy’s new prime minister has big dreams and a small mandate. Matteo Renzi has announced ambitious reforms on a tight deadline. But his position in parliament is weaker than even his sleepy predecessor’s.

Feb 25, 2014
via Breakingviews

Italy’s Renzi has big dreams and small mandate

Photo

By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Italy’s new prime minister has big dreams and a small mandate. Matteo Renzi has announced ambitious reforms on a tight deadline. But his position in parliament is weaker than even his sleepy predecessor’s.

Feb 21, 2014
via Breakingviews

Italy needs fewer bad banks – not a big new one

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By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Italian banks need to shed their bad debts to start lending again. The classic solution – selling poor credits to a national “bad bank” – would require Italian taxpayers to cough up at a time when state debt is 133 percent of GDP. Matteo Renzi, the likely prime minister, should try something different.

Feb 21, 2014
via Breakingviews

Italy needs fewer bad banks – not a big new one

Photo

By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Italian banks need to shed their bad debts to start lending again. The classic solution – selling poor credits to a national “bad bank” – would require Italian taxpayers to cough up at a time when state debt is 133 percent of GDP. Matteo Renzi, the likely prime minister, should try something different.

Jan 23, 2014
via Breakingviews

Banks can gain as well as lose from fund usurpers

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By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Asset managers are making inroads into the corporate lending market. Banks once looked on these “direct lenders” as rivals. But working with funds can help banks manage refinancing risks, and retain clients as they deleverage.

Dec 27, 2013
via Breakingviews

Europe will court shutdown with new parliament

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By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The European Parliament that will be elected next year will be the most powerful and most fragile in the short history of the institution. It will be the first to use powers afforded by the Lisbon treaty: among other things, it will appoint the president of the European Commission. But support for its authority is waning. Europeans will neglect the polls and more votes will be captured by anti-euro, populist or far-right parties.