Financial Times (October 3)
“By announcing that she will start the formal negotiations for Britain to leave the EU by March 2017, the prime minister has walked into a trap. She has given away what little leverage Britain has in the negotiations — without receiving any of the assurances that she needs to achieve a successful outcome.” This will allow the EU to “simply run the clock down — knowing that the UK will be in an increasingly difficult situation.”
Tags: Assurances, Britain, EU, Leverage, May, Negotiations, Outcome, Prime minister
Washington Post (January 14)
“The China bubble has burst,” but the nation’s trajectory remains unclear. “The worst outcome—a doomsday scenario—would have China fostering worldwide deflation. Its growth would continue to deteriorate sharply, extending the decline in commodity prices and the weakness of global trade. Around the world, there would be more production cuts, layoffs and bankruptcies.”
Tags: Bankruptcies, Bubble, Burst, China, Commodity prices, Deflation, Doomsday, Global trade, Layoffs, Outcome, Production cuts, Unclear, Worst
Financial Times (July 6)
“In Greece the No vote will widen political fissures in a society knocked senseless by an economic slump. Greeks who voted Yes will treat the outcome as a calamity comparable to the 1922 military defeat at Turkish hands that resulted in the annihilation of Greek civilisation in Asia Minor. Greeks who voted No will rapidly learn that there is no salvation, only misery, ahead.”
