Pierre's Feed
Oct 2, 2013
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LVMH finds way to keep talent: list it

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

An IPO instead of a contract. LVMH may have found an original way to keep close the hot designers that made it worth 75 billion euros and created the world’s largest luxury group.

Sep 26, 2013
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Austerity is killing France’s attempt at reform

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By Pierre Briançon

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

For more than a year the French government has been trying both short-term fiscal discipline and long-term economic reforms. It is failing at both.

Jul 31, 2013
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BNP’s sturdy model will help German push

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By Pierre Briançon

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

Even the mighty are shaken. The universal banking model of BNP Paribas helped it cushion the blow in the second quarter, but a near-40 percent year-on-year drop in corporate and investment banking pre-tax profit shows it is as vulnerable as others to fickle markets and depressed economies. This may be one of the reasons why it is planning a major push into Germany.

Jul 22, 2013
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G20 says in Moscow that tax evasion is really bad

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By Pierre Briançon

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

The G20 is adept at creating the illusion of movement. Ever since it acquired some relevance in the wake of the global financial crisis, the club of the world’s largest economies hasn’t shied away from bold statements on the need for international cooperation or regulation to achieve financial peace and happiness. This year, the group’s finance ministers are mad as hell about tax evasion by multinational corporations. They really can’t take it anymore.

Jul 18, 2013
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Navalny verdict shows Russia unsafe for business

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By Pierre Briançon

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

There was never any doubt about the verdict. After a sham trial for graft that didn’t fool anyone, Alexei Navalny was bound to be found guilty of stealing countless acres of forest in the Kirov region. Yet the sentence – five years in prison for Russia’s main opposition leader – was a brutal surprise. There is something mysterious about Vladimir Putin’s obviously irrational vindictiveness against opposition and dissent. The only certainty is that it is taking Russia in a deeply worrying direction.

Jun 26, 2013
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France’s poisonous politics bound to hit economy

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By Pierre Briançon

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

The string of political scandals hitting all French mainstream political parties couldn’t come at a worst time. The economy is in a recession, and fiscal austerity is amplifying the structural weaknesses which developed long before the financial crisis.

May 17, 2013
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Hollande gets serious on Europe – at last

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By Pierre Briançon

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

François Hollande knows that the widening Franco-German divide lies at the heart of the euro zone crisis. In a press conference on Thursday, the French president showed that he wants to find a way to work with German Chancellor Angela Merkel to take Europe forward. He suggested the creation of an “economic government” of the monetary union, while addressing a key German concern: Paris seems ready to accept sovereignty transfers of a sort that would make such a centralised body effective.

Apr 29, 2013
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Political heat endangers no-brainer ECB rate cut

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By Pierre Briançon and Olaf Storbeck

The authors are Reuters Breakingviews columnists. The opinions expressed are their own

The heat is on for Mario Draghi again this week. What should have been a rather banal decision on rates will prove controversial whatever the outcome. Give credit to euro zone leaders for their ability to create drama whenever things threaten to go too quiet on the crisis front. The governing council of the European Central Bank will have to decide whether to cut rates or not at its meeting May 2. The case for doing it is a no-brainer, but euro zone politics gives the decision an intensity it shouldn’t have.

Apr 17, 2013
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Graft show-trial a new sign of Putin’s weakness

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By Pierre Briançon

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

Alexei Navalny rose to prominence as a Western-style shareholder activist in a country devoid of Western-style capitalism. He took apart Russian companies’ available statements and numbers to expose graft, corruption and embezzlement detrimental to investors.

Mar 25, 2013
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The first oligarch dies, his kleptocracy thrives

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By Pierre Briançon

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

Boris Berezovsky built something that lasted. The man found dead on March 23 may have been alone, broken, bitter, and a shadow of his flamboyant former self as Russia’s richest man and king-maker. Yet the system he invented two decades ago in the throes of the big Soviet meltdown is functioning well. The men at the top may have changed, and turned against their former mentor and master. But the rulers of today’s Russia – both the oligarchs who looted the country’s resources and branched out, and the clique of ex-KGB officials working hard to get their hands on a share of the loot – are Berezovsky’s children.

    • About Pierre

      "Pierre Briançon is Reuters Breakingviews' Paris correspondent. He joined Breakingviews.com in 2006, after heading the Dow Jones Newswires Paris Bureau Chief for three years. Previously, he had been: business editor of Libération, then the newspaper's Moscow and Washington correspondent; deputy editor of L’Expansion; and a producer/columnist for French radio and TV. He is also the author of Messier Story (2002), on the fall of Vivendi’s former chief executive, Héritiers du désastre (1992) on the collapse of the Soviet Union, and San Quentin Jazz Band (2008)."
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