13th March 2012
It’s been quite a business-focused couple of weeks. I accompanied Hector Sants, CEO of the UK’s Financial Services Authority for calls in Canberra and Sydney. He had come to look at Australia’s “Twin Peaks” regulatory structure, which is close to the model the UK is currently moving towards. We called on Treasurer Wayne Swan, Assistant […]
8th March 2012 USA
I had the pleasure of visiting Nicaragua for a short holiday recently. I loved the scenery, friendly people and, unexpectedly, learning about Nicaragua’s role in the California gold rush. Back in the 1850s Nicaragua was a key route for those dashing to the west coast as it was quicker and cheaper to sail from New […]
28th February 2012 London, UK
I gave a speech yesterday in Brussels at a summit on unleashing growth and jobs which was organised by the Lisbon Council, a think tank. There is no doubt that Europe faces a major crisis. The current difficulties in the Eurozone are having a chilling effect on all our economies. However, I would argue that […]
14th February 2012 Washington DC, USA
Ah Valentine’s Day. A day of aspiration, fluttering hearts, yearning and, inevitably, crushing disappointment for some. The lovesick teen waiting for the mailman on 14 February: It’s a bit like policymakers waiting for the latest economic data release on GDP or employment. Hoping for the best; preparing for the worst; often ending up somewhere in […]
6th February 2012 Washington DC, USA
It was the best of times, it was the worst of times… going to the UK this weekend. Flying into Heathrow on Saturday morning, I found Britain in great excitement about Charles Dickens’ 200th birthday. So it was clearly the best of times to head to Broadstairs, Dickens’ favourite holiday destination where he spent his […]
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31st January 2012
Romania’s former Foreign Minister, Andrei Plesu, commented yesterday on the tough economic conditions facing Romania and quoted Caragiale “From this dilemma we have no way out”. Certainly the economic outlook looks a bit like Bucharest’s roads did last week, blocked at every junction and with more snow on the way. Growth forecasts are being revised […]
23rd January 2012
I love a good beer. Preferably a real ale (consumed responsibly, naturally). If I was back home in the UK, I’d order a pint of Spitfire, brewed by England’s oldest brewery, Faversham-based Shepherd Neame. So I thought I was going to be disappointed with the lighter offerings in the US, and have to resign myself […]
15th December 2011 Beirut, Lebanon
I have now been in Beirut over three months. The Lebanese tell me that the more you learn about this extraordinary country, the less you understand. So I fear that my first impressions could become more confused over the next three years. The contrasts of Lebanon are a well worn cliché, but still hit the […]
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13th December 2011 Athens, Greece
Shipping is a key activity for us in the Commercial section in the British Embassy in Athens. It is by far the healthiest and most dynamic sector of the Greek economy and a field where Greece and the UK have had a long history of successful cooperation. Bearing in mind that Greeks control the world’s […]
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8th December 2011
The UNIAN news agency interviewed me this week. In case you have not seen it you can read the full interview here (in English) or here (in Ukrainian).
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