Latest articles from Leaders

Hungary risks shooting itself in the foot

September 29, 2010

If you are planning to borrow a lot of money and not pay it back, Hungary would probably be the best place to carry out your scheme.

Time to rethink Keynes for the 21st century

September 29, 2010

The great debate in economics is whether heavily indebted governments in Europe and the US should keep spending to stimulate economic recovery or move quickly to balance the books.

Hostility is no basis for public policy

August 30, 2010

The bank rescue has been a success. The global bailout remains a work in progress, but with the aid of government equity injections, special liquidity programmes, debt guarantees and asset protection schemes, most systemically important banks have remained open for business and the banking system has survived.

Europe must face up to IMF's consequences

August 30, 2010

The International Monetary Fund (IMF) has reinvented itself as a new, user-friendly, more politically sensitive organisation.

Is Nigeria on track to realise its rich potential?

July 28, 2010

Fixing its banks and power shortages would go a long way towards setting Nigeria on a sustainable growth path. The government has recently taken two steps in the right direction.

Regulators ignore hard facts to pick off easy prey

July 28, 2010

Banks failed in the recent crisis because they lent money to the wrong people - sometimes done by way of complicated structures but bad credits all the same - and because they were undercapitalised.

Reducing trade imbalance is in China's interest

July 6, 2010

To the average member of the US Congress, the world is a simple place - if China can be pushed to let the renminbi float free or at least be revalued, the US trade deficit with China will disappear and US manufacturing jobs will magically reappear.

India must face harsh reality over consolidation

July 6, 2010

India's banking sector has long been considered a laggard in relation to the country's hugely successful economy, and this year's Top 1000 Banks ranking shines a new and unflattering light on the true extent of India's malaise.

Over-reactions to index plunge must be curbed

May 28, 2010

When markets crash someone or something must be at fault - heads must roll, structures reformed, the rules rewritten.

Same old uncertainty for UK banking industry

May 28, 2010

The UK is in the honeymoon period of a new government - a novel coalition of right-of-centre Conservatives and left-of-centre Liberal Democrats. This is sure to end as the government sets about taking the tough tax and spending decisions required to bring the UK's budget numbers back into shape and avert a Greek-style crisis.

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