EDITORS' PICKS

Epic hopes for a devalued euro
Alan Kohler
No one seriously believes Greece's bailout will hold. The question is whether it can help prop up European banks long enough to enable their recapitalisation.

A cooling climate of ALP relevance
Alan Kohler
Behind the Shakespearean scheming and carbon tax distractions Labor's fundamental problem is a hollowing-out support base. The Greens may be the big winners from Rudd's challenge.

To Abbott, the spoils of the spill
Robert Gottliebsen
Whatever the outcome of Labor's leadership dispute, Tony Abbott is likely to come through the wreckage with an unprecedented majority.

Leighton feels a Fair Work pinch
Robert Gottliebsen
The construction company's experience indicates Julia Gillard's industrial relations policy is causing problems that will not be easy to fix.

BlueScope beats an unknown path
Stephen Bartholomeusz
There are modest signs of improvement after the restructuring that cost BlueScope the bulk of its massive first-half loss, but it's not clear where exactly the future will lead.

Rebranded Virgin takes off
Stephen Bartholomeusz
Virgin's strong gains for the December half show real momentum in John Borghetti's potentially risky repositioning of the group, while a restructure opens the door to Etihad.

Fatal flaws in a Greek debt deal
Karen Maley
As investors celebrate moves towards a Greek bailout, there are still clear signs the country cannot recover from within the euro and must return to its own currency to stay competitive.

China's high-end European label
Karen Maley
Beijing's production move into the eurozone will shore up sales against the region's debt crisis, but also signals a shift from Beijing's position as the world's low-cost factory.

Rudd is toying with our prosperity
Rob Burgess
Of all possible endings to the turmoil at the top of the ALP, and there are many, the most favourable is the one where Kevin Rudd disappears from the party forever.

Will Rudd sacrifice Labor?
Rob Burgess
There's slim chance of a successful leadership challenge by Kevin Rudd, and a failed tilt could ruin the party's future as one of the two majors.

Returning to old European rivalries
Oliver Marc Hartwich
As political extremism and national tensions grow between eurozone members, there's no guarantee that what could follow the European Union would be any better.

CLIMATE SPECTATOR: Drifting solar flagships
Tristan Edis
The recent failure of Solar Flagship projects to meet financing deadlines is simply due to a poor policy process and we're in danger of repeating the same mistakes with the Clean Energy Finance Corporation.

Calm after a rates storm
Christopher Joye
Unless new economic data surprises, there's a strong case for the Reserve Bank to leave interest rates on hold for the near future.

TECHNOLOGY SPECTATOR: Woolworths' savvy virtual salesman
Charis Palmer
Woolworths' new virtual supermarket is just the first step in a growing retail sector push using statistics to work out what you want to buy before you do.

A fight to escape the bank casino
Stephen Grenville
Hostile responses to the Volcker Rule highlight how easy it is for self-serving interests to trouble the path to reform.