from MacroScope:

Russia invites new sanctions

By Mike Peacock
January 28, 2015

Ukrainian servicemen stand guard on a street near the burning building after a shelling by pro-Russian rebels of a residential sector in Mariupol, eastern Ukraine

Ukrainian separatists said they had pushed government troops out of two districts on the outskirts of their main stronghold Donetsk and their aim was to expand control to the entire eastern region.

from MacroScope:

Game on in Greece

By Mike Peacock
January 26, 2015

The head of radical leftist Syriza party Tsipras waves to supporters after winning the elections in Athens

Syriza has fallen tantalisingly short of an overall majority, winning 149 of 300 Greek parliamentary seats and taking 36.3 percent of the vote, 8.5 points ahead of the New Democracy party of Prime Minister Antonis Samaras in what amounts to a decisive rejection of austerity.

from The Great Debate:

Likely victors in Greek election may pull nation out of eurozone

By John Kallianiotis
January 23, 2015

Opposition leader and head of radical leftist Syriza party Tsipras waves at supporters during a campaign rally in central Athens

Opposition leader and head of radical leftist Syriza party Alexis Tsipras during a campaign rally in central Athens, January 22, 2015. REUTERS/Yannis Behrakis

from MacroScope:

Brazil’s GDP outlook for 2015 gets slashed again. But is it low enough?

January 16, 2015

Brazil's Finance Minister Joaquim Levy, pictured through a red LED light of a camera, reacts during a news conference at Brazil's Central Bank in BrasiliaMarket forecasts for Brazil's economic growth this year have been falling steadily for months, reaching a meager 0.5 percent in Reuters latest quarterly poll published on Thursday. One year ago, a similar survey predicted growth of 2.5 percent in 2015.

from The Great Debate:

Top 5 political predictions for 2015

By Bill Schneider
December 16, 2014

Hillary Clinton speaks on "Smart Power: Security Through Inclusive Leadership"  at Georgetown University in Washington

1. The Obama boom will finally arrive.  Only it will be more like a boomlet.

Americans have been waiting for the boom since they elected President Barack Obama in the teeth of the 2008 financial meltdown. After all, we elected Ronald Reagan during an economic downturn in 1980, and by his second term, the economy had turned around (“Morning in America”).  We elected Bill Clinton in an economic downturn in 1992, and by his second term, the economy had come roaring back (the “dot-com boom,” now known as the “dot-com bubble”).  Now we're deep into Obama's second term. Where's da boom?

from MacroScope:

To spend or save?

By Mike Peacock
December 2, 2014

French Economy Minister Macron and Germany's Economy Minister Gabriel arrive to attend a news conference to present the Franco-German report on economic reforms and investment in Paris

Germany’s finance and economy ministers and central bank chiefs meet in Berlin with plenty to discuss.

from Anatole Kaletsky:

Stock markets set to take off as Europe, Asia abandon austerity

By Anatole Kaletsky
November 28, 2014

A pedestrian walks past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo

The Great Divergence is a term coined by economic historians to explain the sudden acceleration of growth and technology in Europe from the 16th century onward, while other civilizations such as China, India, Japan and Persia remained in their pre-modern state. This phrase has recently acquired a very different meaning, however,  more relevant to global economic and financial conditions today.

from Anatole Kaletsky:

The takeaway from six years of economic troubles? Keynes was right.

By Anatole Kaletsky
October 31, 2014

Protesters clash with police during an anti-austerity rally in Athens

Now that the Federal Reserve has brought its program of quantitative easing to a successful conclusion, while the French and German governments have ended their shadow-boxing over European budget “rules,” macroeconomic policy all over the world is entering a period of unusual stability and predictability. Rightly or wrongly, the main advanced economies have reached a settled view on their economic policy choices and are very unlikely to change these in the year or two ahead, whether they succeed or fail. It therefore seems appropriate to consider what we can learn from all the policy experiments conducted around the world since the 2008 crisis.

from MacroScope:

EU leaders meet for a gas

By Mike Peacock
October 23, 2014

France's President Hollande talks with German Chancellor Merkel  during a meeting on the sidelines of a Europe-Asia summit in Milan

A two-day summit of EU leaders is supposed to focus on climate and energy policy including efforts to enhance energy security following the threat of interruptions to gas supplies from Russia.

from MacroScope:

Italian and Greek confidence votes

By Mike Peacock
October 8, 2014

Greece's PM Samaras addresses the audience during the Economist Conference on "The big rethink for Europe, the big turning point for Greece" in Athens

You wait ages for a no-confidence vote then two come along on the same day. Neither are expected to cause governments to topple.