Hugo Dixon

Breakingviews - Dixon: How to make COP26 climate summit a success

Jan 05 2021

LONDON (Reuters Breakingviews) - There are two tipping points in the climate crisis. The first will come if the climate spirals out of control; the second if humanity takes decisive action to stop the planet frying before then. As the world prepares for November’s United Nations climate summit “COP26”, we are getting closer to both tipping points.

Breakingviews - Dixon: Wean firms off debt by rejigging taxes

Jun 08 2020

LONDON (Reuters Breakingviews) - Excess corporate debt makes the global economy wobbly. After the pandemic, governments should use the tax system to encourage more equity and less leverage. That will help the economy resist future shocks. Countries may even be able to raise some cash to repair their own balance sheets.

Breakingviews - Dixon: We need green deals, but will we get them?

May 18 2020

LONDON (Reuters Breakingviews) - There’s a growing investor consensus that post-pandemic recovery plans should be green. But what should those “green new deals” look like? How should they be funded? And will governments play ball?

Breakingviews - Dixon: Bailouts will store up lots more trouble

Apr 28 2020

LONDON (Reuters Breakingviews) - Struggling individuals, businesses and countries deserve financial support during the pandemic. But let’s not kid ourselves. Taxpayer-funded bailouts are likely to encourage excessive risk-taking in the future and provoke new populist backlashes when the bills need to be paid.

Breakingviews - Dixon: How will pandemic debts be paid for?

Apr 20 2020

LONDON (Reuters Breakingviews) - Income tax was introduced in the United Kingdom in 1799 to fund the Napoleonic Wars against France. America imposed the tax in 1861 to pay for its civil war. The coronavirus pandemic is not literally a war. But it will lead to massive debts and eventually higher taxes.

Breakingviews - Dixon: Reports of euro’s death greatly exaggerated

Apr 14 2020

LONDON (Reuters Breakingviews) - Both pro- and anti-Europeans are saying the coronavirus pandemic may tear the European Union to shreds and destroy the euro. In fact, the bloc is muddling through.

Breakingviews - Dixon: Helicopter money is a toy best left alone

Apr 06 2020

LONDON (Reuters Breakingviews) - Some economists say central banks should fund the fight against the coronavirus by printing money and giving it to governments. There would be no need to raise taxes either now or in the future, the argument goes; nor would government debt need to increase.

Breakingviews - Dixon: Here’s how to stop humungous fiscal costs

Mar 30 2020

LONDON (Reuters Breakingviews) - Governments will rack up eye-popping bills to fight coronavirus if they’re not careful. The key will be to avoid debilitating stop-go strategies, where economies come out of lockdowns only to go in again. But that will only happen if exit strategies are well planned, not rushed.

Breakingviews - Dixon: Greek PM makes good but not perfect start

Aug 30 2019

ATHENS (Reuters Breakingviews) - When Kyriakos Mitsotakis met German Chancellor Angela Merkel in Berlin yesterday, the new Greek prime minister was able to point to a list of quick wins since taking office last month, including lifting capital controls. But he has also made errors. To change the country for good, he’ll have to learn from them.

Breakingviews - Dixon: Bold PM can bring virtuous circle to Greece

Jul 03 2019

ATHENS (Reuters Breakingviews) - Several years ago, in the midst of the Grexit crisis, I asked a friend how to say “virtuous circle” in Greek. He said the expression didn’t exist; there was only a term for “vicious circle”. My friend was wrong. There is a Greek expression for virtuous circle – and the country may finally be about to enter one with this Sunday’s general election.

World News

How a WHO push for global vaccines needled Europe

Last April, at the start of the COVID-19 pandemic, European Commission President Ursula von der Leyen added Europe to a global effort to ensure equitable access to a vaccine, which she said would be deployed "to every single corner of the world."