Financial Times (February 19)
The Bank of Japan’s “ultra-loose policy is now on a somewhat pre-determined path — towards (if not quite through) the exit door.” The impact of investment flows retreating to Japan may be “most significant for the US Treasury market, where Japan is the largest single foreign holder.” But Japanese investors also hold sizeable market shares “in Australia, New Zealand and parts of western Europe. A shift in policy under Ueda will matter not just for Japan, but for pockets of global debt markets, too.”
Tags: Australia, BOJ, Europe, Exit, Impact, Investment flows, Investors, Japan, Market shares, New Zealand, Retreating, Sizeable, Treasury, U.S., Ueda, Ultra-loose policy
Fortune (March 20)
“More than 30 companies are ‘digging in,’ defying public demands to exit Russia or reduce their activities in the pariah state.” The list compiled by Yale’s Jeffrey Sonnenfeld has been revised with five categories to better capture corporate presence in Russia: “withdrawal,” “suspension,” “scaling back,” “buying time,” and “digging in.” Included in the final category are “AstraZeneca, Credit Suisse, Emirates Airlines, Koch Industries, SC Johnson, and Subway, which has nearly 450 franchise locations in the country.”
Tags: 30 companies, AstraZeneca, Credit Suisse, Digging in, Emirates Airlines, Exit, Koch Industries, Pariah state, Public demands, Reduce, Russia, SC Johnson, Sonnenfeld, Subway, Yale
New York Times (October 31)
Angela Merkel “is doing the right thing in stepping down…. The best leaders are those who know when it’s time to exit.” But Europe will lose a “remarkable” leader who was “compassionate when hearts grew cold, committed to unity when others abandoned it.”
Tags: Compassionate, Europe, Exit, Germany, Heart, Leader, Merkel, Remarkable, Unity
Ekathimerini (August 19)
“Greece’s formal exit from the bailout program does not mean that the country has reached the end of an era and is turning over a brand-new leaf.” During the next phase, Greece will require “even more determination and discipline to meet stringent targets and push through more reforms that will help it get back on its feet.”
Tags: Bailout, Determination, Discipline, Era, Exit, Greece, Reforms, Targets
New York Times (July 26)
“While the eurozone may have temporarily avoided a Greek exit, it is hard to see how a deal that requires more spending cuts, higher taxes and only vague promises of debt relief can restore the crippled economy enough to keep Greece in the currency union.”
Tags: Currency union, Debt relief, Economy, eurozone, Exit, Greece, Spending cuts, Taxes
Bloomberg (June 29)
“Three years after Mario Draghi pledged to do whatever it took to save the euro, the mounting crisis in Greece is calling into question the integrity of the entire currency union.” Although Greece is minor in terms of economic output, “its exit would hurl the bloc into unknown territory by setting a precedent for other nations to reconsider their membership.”
Tags: Crisis, Currency union, euro, Exit, Greece, Mario Draghi, Membership
Bloomberg (July 24)
Extending Greek repayment terms to make the program achievable might cost 16 – 20 billion euros ($19 – $24 billion). “Whatever German Vice Chancellor Roesler may think, the risk of contagion from a Greek exit remains high, and the damage to Europe’s political project would be lasting. Compared with those costs, 20 billion euros is a bargain.”
Extending Greek repayment terms to make the program achievable might cost 16 – 20 billion euros ($19 – $24 billion). “Whatever German Vice Chancellor Roesler may think, the risk of contagion from a Greek exit remains high, and the damage to Europe’s political project would be lasting. Compared with those costs, 20 billion euros is a bargain.”
Bloomberg (May 7)
Greece’s election “raised the risk that the nation will exit the euro and prompted calls for policies to boost European economic growth.” The likelihood that Greece will quit the euro in the next 12-18 months has risen to 50%-75% according to Citigroup Inc. economists Guillaume Menuet and Juergen Michels.
Greece’s election “raised the risk that the nation will exit the euro and prompted calls for policies to boost European economic growth.” The likelihood that Greece will quit the euro in the next 12-18 months has risen to 50%-75% according to Citigroup Inc. economists Guillaume Menuet and Juergen Michels.
Tags: Ecoonomists, euro, Exit, Greece, Risk
