Financial Times Op-eds

Privatizing Will Make Life Worse

July 1, 2011
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November 12, 1989, New York Times PERESTROIKA GOES SOUTH This article was published in the NYT more than 20 years ago, forecasting precisely what has happened. I attended the annual meetings of the International Monetary Fund and World Bank in Washington last month. When the meetings ended, I was left with the impression that...

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Iceland can refuse debt servitude

January 6, 2010
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Financial Times Olafur Ragnar Grimsson, Iceland’s president, has created uproar with his decision to block legislation that would have repaid €3.9bn ($5.6bn) lost by British and Dutch savers in a failed Icelandic bank, triggering a referendum that the government is expected to lose. The initial response by credit rating agencies was to downgrade Icelandic...

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Washington cannot call all the shots

June 14, 2009
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Financial Times Challenging America will be the focus of meetings in Yekaterinburg, Russia, on Monday and Tuesday for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other leaders of the six-nation Shanghai Co-operation Organisation. The alliance comprises Russia, China, Kazakhstan, Tajiki stan, Kyrgyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and...

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