The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Monday, July 2, 2012

GS summary on Friday's Euro summit

Here it is:

Last week’s EU summit surprised modestly on the upside, with the clarity of political commitment to breaking the toxic link between banks and sovereigns well received by markets. But we do not see the outcome as a game changer. Rather, the decisions taken represent important incremental steps in a long cumulative process to deliver a governance structure sufficient to create a better functioning Euro area.