Hugo Dixon is Editor-at-Large, Reuters News. He is the founder of Reuters Breakingviews. 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 was a Brackenbury Scholar at Balliol College, Oxford, where he gained a first class degree in Philosophy, Politics and Economics. Before that, he was a King’s Scholar at Eton College. He is the author of the Penguin Guide to Finance and Finance Just in Time. He was named Business Journalist of the Year 2000 in the British Press Awards. In 2008, he won the Decade of Excellence Award at the Business Journalist of the Year Awards. Follow Hugo on Twitter @hugodixon
- E-mail: firstname.lastname@example.org
The first is that PM Enrico Letta will push through reforms now Silvio Berlusconi has been kicked out of parliament. If not, Matteo Renzi – who is expected to become the Democrats’ leader on Sunday – should force elections and show he is as radical in deed as he is in words.
Bottom-fishing for Greek banking assets gives the country a double opportunity: lenders can use it to clean up their balance sheets by selling non-performing loans; and the state can privatise its stakes in the banks. Both should grab the opportunity while it lasts.
The government hasn’t done enough to root out vested interests. Meanwhile, it could collapse if the troika forces it to impose more austerity. Its best bet is to try to persuade its lenders that it’s so serious about structural change that more cuts and taxes aren’t required.
- Hugo Dixon: ECB really must act on deflation
- Hugo Dixon: The City has huge scope to expand
- Hugo Dixon: Brexit process would be messy
- Hugo Dixon: Bundesbank right to focus on doom loop
- Hugo Dixon: Euro zone needs anti-boom activism
- Hugo Dixon: Still too big to fail
- Hugo Dixon: EU should refine its welfare policy