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ECB’s Greek bank haircut leaves room for deal

7 Jul 2015

The euro zone central bank has forced Greek lenders to put up more collateral to access emergency loans. That reflects the increased risks of Greece leaving the single currency. But the move looks calibrated to keep the banks afloat while the country seeks a last-ditch rescue.

Euro zone markets and politics point to Greek exit

6 Jul 2015

European ministers could keep Greece in the single currency despite the country’s “No” vote. German Chancellor Angela Merkel has the domestic power to do a deal. Yet other member states have an incentive to punish populism. Calm peripheral markets are another reason to be tough.

Tsipras departure could unlock Greek debt relief

3 Jul 2015

European creditors are wary of writing off Athens’ debts because it could set a precedent. Yet if Prime Minister Alexis Tsipras resigns after the referendum, a deal should be doable. Few politicians would follow his path of capital controls, economic strife and career implosion. 

Heathrow offers quaint lessons in infrastructure

1 Jul 2015

After at least six years of heated debate, a British government-appointed panel has backed the idea of a third runway for London’s largest airport. China has built 44 new airports in that time. The UK’s deliberative approach has advantages, but now it’s time to start building.