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Time (April 22)

2020/ 04/ 24 by jd in Global News

“Greece has an elderly population and a fragile economy,” but despite being a tourist mecca has somehow “escaped the worst of the coronavirus so far….with only 2,245 confirmed cases and 116 deaths as of April 21, one of the lowest counts in the European Union.” Some of this may be luck, but experts are attributing the early imposition of stringent “measures, and the way Greeks have largely abided by them.”

 

Reuters (January 29)

2020/ 01/ 31 by jd in Global News

The UK is hurtling “into the Brexit unknown” as “a dis-United Kingdom exits the European Union” on Friday. Alas, more “Brexit fatigue” is likely in store. “Trade talks with every major power—including the EU—loom while there is little clarity on what the United Kingdom’s pitch to global investors will be.”

 

Washington Post (October 16)

2019/ 10/ 16 by jd in Global News

A no-deal Brexit has “been compared to “downshifting a car at full speed from fifth gear to first.” The U.K. could lose “continuity of trade relations with many of the 71 nations that have forged preferential trade agreements with the EU.” To date, the U.K. has secured continuity agreements with only about a dozen of these countries and it remains to be seen whether sufficient customs infrastructure will be in place. “Large U.K. businesses like engine-maker Rolls Royce Holdings Plc and brewer Heineken NV have outlined plans to hoard supplies in case a tumultuous Brexit chokes just-in-time supply chains and creates backlogs at ports.”

 

Reuters (October 3)

2019/ 10/ 03 by jd in Global News

“Boris Johnson has launched a long-shot Brexit plan with a very short timetable.” The new “blueprint for leaving the European Union has several major flaws…. Even if Brussels is willing to negotiate a deal in time for a summit due to be held in two weeks, it’s far from clear that the UK parliament would pass it.”

 

The Guardian (September 24)

2019/ 09/ 26 by jd in Global News

“The supreme court has delivered a comprehensive demolition of Boris Johnson’s government and its handling of Brexit. The unanimous judgment of the 11 justices…amounts to a root and branch rejection of the prime minister’s attempts to rule without parliament, to take Britain out of the European Union by 31 October without a deal, and to contrive a premature general election…. The immediate effect of the judgment is devastating for Johnson. It is expressed so cogently and unambiguously that it will be difficult for him to wriggle out of it – even though he is certainly foolish enough to try.”

 

Investment Week (September 18)

2019/ 09/ 20 by jd in Global News

“The global economy is in a tricky spot…. Money markets are pricing in two possible scenarios, with two very different outcomes. First, a high probability of limited Fed easing…. This would not be enough to kick‑start global growth. Second, a low probability of significant Fed easing, resulting in rates being cut close to zero. This—combined with some limited fiscal stimulus from Europe and China—would be enough to refresh global growth.”

 

Barron’s (September 12)

2019/ 09/ 14 by jd in Global News

“Be careful what you wish for when calling for zero or negative interest rates, Mr. President.” There’s a downside and the results are not inspiring. “The record of negative rates in the euro zone, Sweden, Denmark, Switzerland, and Japan has been mixed…. While bond yields have fallen below zero, banks been reluctant to impose negative rates on depositors, resulting in a squeeze on their profits.”

 

The Guardian (September 12)

2019/ 09/ 13 by jd in Global News

“Here the issue… is that a British prime minister persists in asserting the impossible. He demands that Britain leave the European single market but with a gaping hole in its border, in Ireland. He wants a border and no border.” A no-deal Brexit would cause “chaos” in a worst case scenario, but “in Ireland it is physically impossible.”

 

The Economist (August 31)

2019/ 09/ 01 by jd in Global News

“The sense of inevitability about no-deal, cultivated by the hardliners advising Mr Johnson, is bogus. The EU is against such an outcome; most Britons oppose it; Parliament has already voted against the idea. Those MPs determined to stop no-deal have been divided and unfocused. When they return to work next week after their uneasy summer recess, they will have a fleeting chance to avert this unwanted national calamity. Mr Johnson’s actions this week have made clear why they must seize it.”

 

Financial Times (August 26)

2019/ 08/ 27 by jd in Global News

“British society is so deeply divided—politically, socially, geographically and generationally—that it is unable to react. The UK has become a mere chessboard, a toy in the hands of a force far greater than that of its inhabitants; the geopolitical interests of the Trump administration,” which seeks to use the UK “as the latest battlefield on which to achieve its twin goals of undermining the EU, and challenging its rival China.”

 

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