Share the View 2: Greece's Vote

Share The View

THE LATEST OPINIONS FROM BLOOMBERG VIEW

JANUARY 26, 2015 bloombergview.com

EUROPE The Editors: "The Syriza party's victory in Greek elections is a well-deserved rebuke to the way the European Union and successive governments in Athens have mishandled the country's debt crisis, and the voters' judgment must now be respected. But even as the neo-Marxist party moves to change Greece's dismal economic outlook, it will have to keep in mind that it does not have a mandate to leave the euro." Read more... Mark Gilbert: "Now comes the hard part. The Syriza party's rise to power on pledges to halt spending cuts and renegotiate Greece's debt burden doesn't necessarily spell the disaster that scaremongering claimed it would."Read more... Leonid Bershidsky: "It may seem ironic that Marine Le Pen, the leader of France's extreme-right Front National, rooted for the extreme-left Syriza in yesterday's Greek election and rejoiced at its landslide victory. Yet there's nothing unusual about it." Read more... Mohamed A. El-Erian: "The outcome of the Greek elections is indicative of a broader political phenomenon in Europe that involves the growth of non-traditional parties." Read more... INDIA William Pesek: "Raghuram Rajan's recent surprise rate cut was what central bankers call an 'insurance move.' ... More quietly, Rajan is taking out another policy that could pay even bigger dividends in years to come. He's hoarding dollars." Read more... LAW Cass R. Sunstein: The Supreme Court's 1905 decision in Lochner v. New York "struck down a maximum-hours law for bakers. A week ago, Senator Rand Paul -- a likely candidate for president, and among the most influential members of the Republican Party -- explicitly embraced Lochner, and proudly endorsed the whole idea of 'judicial activism.' That tells us a lot about contemporary law and politics, and probably about the future of conservative thinking as well." Read more... INVESTING Paula Dwyer: The financial world "is divided into two categories: brokers who work on commission and advisers who work for fees. ... The Barack Obama administration may soon come down mostly on the financial advisers' side, and for good reason." Read more... NEWS ROUNDUP Matt Levine (Read the news roundup) Congratulations, Syriza: Read more... Elsewhere in Europe: Read more... On Capital One: Read more... Jonathan Bernstein (Read the news roundup) Seth Masket at Mischiefs of Faction argues that parties can help save state legislatures: Read more... At the Monkey Cage, Andrew Wolff looks at the foreign-policy portions of President Barack Obama's State of the Union address: Read more... James Pethokoukis at National Review makes the case for Senator Marco Rubio: Read more... Barry Ritholtz (Read the news roundup) The Swiss franc appreciation and the sorry saga of FX lending: Read more... Mr. Neuger and Mr. Fitzmaurice would like your money, again: Read more... No, the U.S. economy isn't about to fall into recession: Read more... Katie Benner (Read the news roundup) Pity the poor cellular-network operator. Read more... Coinbase will launch the first licensed U.S. bitcoin exchange. Read more... Product Hunt threw a happy hour, and 3,700 people showed up. Read more...