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Peter Thal Larsen

Breakingviews - Markets point to way out of Brexit impasse

Jan 16 2019

LONDON (Reuters Breakingviews) - Financial markets are showing Theresa May that there is a way out of her Brexit impasse. The pound rose and stocks were stable after the prime minister’s historic parliamentary defeat on Tuesday evening, defying earlier predictions by politicians of a crash. If May survives, a softer Brexit or second referendum have become more likely. Investors’ relative calm contrasts with the political confusion.

Breakingviews - Brexit defeat will begin process of elimination

Jan 15 2019

LONDON (Reuters Breakingviews) - Theresa May’s looming Brexit defeat will begin a process of elimination. Britain’s parliament is on Tuesday expected to reject the prime minister’s plan to leave the European Union. The historic vote will offer few pointers about which alternatives politicians prefer. But it will at least force them to test – and discard – some of their rapidly shrinking options.

Breakingviews - Memo to Theresa May: How to save Brexit as well

Dec 12 2018

LONDON (Reuters Breakingviews) - Theresa May has survived a confidence vote from her party. Now officials in the British prime minister’s office are trying to save her deal to leave the European Union. Breakingviews has obtained a copy of their make-believe memo.

Breakingviews - Challenge to Theresa May clarifies Brexit endgames

Dec 12 2018

LONDON (Reuters Breakingviews) - It turns out there is one ballot that Theresa May cannot postpone. Two days after pulling a parliamentary vote that was about to reject her plan for leaving the European Union, the British prime minister faces a motion of no confidence from her own party. The outcome will help clarify Britain’s Brexit endgames.

Breakingviews - Breakdown: Brexit maze has four flawed ways out

Dec 10 2018

LONDON (Reuters Breakingviews) - Britain is trapped in a Brexit maze of its own making. Almost two-and-a-half years after the country voted to leave the European Union - and with just 109 days to go until its 45-year membership is due to expire - politicians are still arguing about the best escape route. A crucial vote on Theresa May’s favoured exit plan looks destined to end in defeat for the prime minister. The United Kingdom then confronts a baffling range of political options. Despite the confusion, the country essentially has four choices. Breakingviews offers a guide through the labyrinth.

Breakingviews - Brexit vote plan is more twerp than TARP

Nov 23 2018

LONDON (Reuters Breakingviews) - Flawed parallels with the financial crisis won’t save Theresa May’s Brexit plan. Back in 2008, panicking investors helped the U.S. government force its bank bailout through Congress at the second time of asking. The British prime minister might hope for a similar response if parliament rejects her deal to leave the European Union. But a replay is unlikely.

Breakingviews - UK government turmoil hardens Brexit dilemma

Nov 15 2018

LONDON (Reuters Breakingviews) - The British government is finally confronting its Brexit dilemma. Two cabinet ministers quit on Thursday morning, weakening Prime Minister Theresa May and narrowing the already-slim chances of parliament approving her divorce deal from the European Union. That makes the two alternatives of a chaotic Brexit or another referendum more likely.

Breakingviews - Brexit compromise confirms Britain’s hard choices

Nov 14 2018

LONDON (Reuters Breakingviews) - Theresa May’s Brexit compromise has confirmed Britain’s hard choices. After a year of intense negotiations – mostly with members of her own party – the prime minister late on Tuesday secured a draft deal to leave the European Union. The agreement with Brussels would shackle the United Kingdom to the bloc without the influence it enjoyed as a member. Opponents have two options: crash out next March, or call another referendum.

Breakingviews - Brexit impasse moves UK and EU closer to abyss

Oct 18 2018

LONDON (Reuters Breakingviews) - Only the threat of chaos might break the Brexit deadlock. With just over five months to go until Britain formally leaves the European Union, talks over its departure have reached an impasse. Prime Minister Theresa May faces irreconcilable demands from EU negotiators in Brussels and hard-line parliamentarians at home. To avoid a disorderly exit, at least one side must cave.

Breakingviews - IMF rightly focuses on left side of public ledger

Oct 10 2018

LONDON (Reuters Breakingviews) - No serious investor would analyse a company by looking only at its liabilities. When it comes to countries, however, money managers tend to pay far more attention to government debt than national wealth. The International Monetary Fund is trying to restore some balance by shining a spotlight on the asset side of the public ledger.

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