Hugo Dixon is Editor-at-Large, Reuters News and the founder of Reuters Breakingviews. He is also the author of "The In/Out Question: Why Britain Should Stay in the EU and Fight to Make it Better." Before founding Breakingviews in 1999, which he edited until 2012, Hugo spent 13 years at the Financial Times, the last five as Head of Lex. He began his journalistic career at the Economist. Hugo is also a budding philosopher. Follow him on twitter: @hugodixon
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Reform has ground to a halt, unemployment is way too high, corruption scandals are popping out of the woodwork, many Catalans want independence, and a new left-wing populist party is leading in the opinion polls. The traditional political class is at a loss over what to do.
The UK prime minister is agonising over whether to impose quotas on EU immigrants. But it wouldn’t be possible to do this without quitting the 28-country bloc. Allies at home and abroad should put pressure on Cameron not to make such a move. They need to act fast.
The epicentre of last week’s fright was the 18-nation currency bloc, whose three big economies – Germany, France and Italy – are in their own ways stuck. There is a grand bargain sketched out by Mario Draghi that might shift the malaise. But it won’t materialise soon, if at all.
- Hugo Dixon: Italy has no good Plan B
- Hugo Dixon: How to manage a corporate crisis
- Hugo Dixon: UK faces unpalatable election choice
- Hugo Dixon: Now on to the Brexit referendum
- Hugo Dixon: Capital markets union needs deregulation
- Calculator: Does Scoxit = Brexit?
- Hugo Dixon: Brexit risks have shot up