Olaf's Feed
Jul 16, 2015
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Schaeuble looks immune to Varoufakis-style exit

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

Like his former Greek colleague Yanis Varoufakis, Wolfgang Schaeuble has become a liability for the euro zone. In the runup to a Greek deal on July 13, Germany’s finance minister temporarily made a Greek exit from the single currency into an official policy option. Afterwards, he openly mused that the agreement should have been different. Schaeuble is not the man to lead future negotiations – but that doesn’t mean he won’t.

Jul 16, 2015
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Schaeuble looks immune to Varoufakis-style exit

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

Like his former Greek colleague Yanis Varoufakis, Wolfgang Schaeuble has become a liability for the euro zone. In the runup to a Greek deal on July 13, Germany’s finance minister temporarily made a Greek exit from the single currency into an official policy option. Afterwards, he openly mused that the agreement should have been different. Schaeuble is not the man to lead future negotiations – but that doesn’t mean he won’t.

Jun 29, 2015
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Capital controls hit Greek economy at worst time

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

Capital controls have hit the Greek economy at just the wrong time. A week-long closure of Greek banks, announced on June 28, would have been bad for Athens at any time of year. But the restrictions are coming in just as the country’s core export sector – tourism – begins its peak season.

Jun 29, 2015
via Breakingviews

Capital controls hit Greek economy at worst time

Photo

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

Capital controls have hit the Greek economy at just the wrong time. A week-long closure of Greek banks, announced on June 28, would have been bad for Athens at any time of year. But the restrictions are coming in just as the country’s core export sector – tourism – begins its peak season.

Jun 11, 2015
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Forget ethics, carbon divestment looks profitable

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

As long as it was just the pension funds of the Church of England or Stanford University announcing to ditch investments in fossil fuel companies, it was easy to shrug off the trend as feel-good investing. Not anymore, now that Europe’s second-largest insurer AXA and Norway’s $880 billion sovereign wealth fund are doing the same.

May 29, 2015
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German job miracle keeps defying gloom-mongers

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

Germany’s labour market is defying orthodox economic wisdom. For years, most mainstream economists warned that a proposed minimum wage of 8.50 euros per hour would price up to a million workers out of their jobs. But so far the wage floor, which came into force in January, has not stopped Europe’s largest economy from churning out additional jobs.

May 29, 2015
via Breakingviews

German job miracle keeps defying gloom-mongers

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

Germany’s labour market is defying orthodox economic wisdom. For years, most mainstream economists warned that a proposed minimum wage of 8.50 euros per hour would price up to a million workers out of their jobs. But so far the wage floor, which came into force in January, has not stopped Europe’s largest economy from churning out additional jobs.

Mar 27, 2015
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Germanwings tragedy requires industry response

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

The crash of Germanwings flight 4U 9525 in the French Alps may mark a turning point in aviation history. French prosecutors say the co-pilot set the aircraft on its tragic descent while his pilot was locked out of the cockpit. It will be some time before investigations are completed. But the disaster has quickly drawn attention to a less evident aspect of flight safety – the possible risks posed by crew rather than passengers. That raises questions about procedures both across the industry, as well as at the parent Lufthansa.

Mar 27, 2015
via Breakingviews

Germanwings tragedy requires industry response

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

The crash of Germanwings flight 4U 9525 in the French Alps may mark a turning point in aviation history. French prosecutors say the co-pilot set the aircraft on its tragic descent while his pilot was locked out of the cockpit. It will be some time before investigations are completed. But the disaster has quickly drawn attention to a less evident aspect of flight safety – the possible risks posed by crew rather than passengers. That raises questions about procedures both across the industry, as well as at the parent Lufthansa.

Feb 24, 2015
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Lavish German pay hike helps entire euro zone

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By Olaf Storbeck

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

The change in Germany’s growth model has been ratified by 3.7 million people. All of Europe can rejoice.