from MacroScope:

G7 ministers face full in-tray

By Mike Peacock
May 27, 2015

German Chancellor Merkel talks to Finance Minister Schaeuble during a debate of the Bundestag in Berlin

G7 finance ministers and central bankers gather in Dresden later today for a two-day meeting at an interesting juncture for the world economy.

from MacroScope:

Greek money seems close to running out

By Mike Peacock
May 25, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in Brussels

The smart money has always been on a last-minute deal being done to keep Greece afloat with Athens making most of the concessions and the euro zone and IMF bending only a little. But the chances of a car crash are growing as each day passes.

from MacroScope:

Tsipras gets no leeway in Riga

By Mike Peacock
May 22, 2015

Latvian President Berzins welcomes Greek Prime Minister Tsipras at the Eastern Partnership Summit in Riga

The Greek government states that a cash-for-reforms deal with the EU and IMF can be finalized in the next 10 days but the other side is much less optimistic and there was no sign of a breakthrough at the EU summit in Riga which Prime Minister Alexis Tsipras had been pinning some hope on.

from MacroScope:

Will Tsipras spring something in Riga?

By Mike Peacock
May 21, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in BrusselsGreek premier Alexis Tsipras is pinning his hopes on using an EU leaders summit in Riga with eastern European partners from Ukraine, Georgia, Azerbaijan and others to strike the broad outline of a cash-for-reforms deal to stave off default.

from Hugo Dixon:

EU reform is more than renegotiation

By Hugo Dixon
May 18, 2015

Reforming the European Union involves more than renegotiating the UK’s relationship with it. That may sound like a statement of the obvious. But in the British debate over staying in the EU the two have virtually become equivalent, largely because David Cameron, the newly re-elected prime minister, has promised to renegotiate Britain’s relationship with the EU before holding a referendum on continued membership.

from MacroScope:

Cameron begins his Scottish dance

By Mike Peacock
May 15, 2015

Scotland's First Minister Nicola Sturgeon and Britain's Prime Minister David Cameron pass each other as they pay tribute at the Cenotaph to mark the 70th anniversary of VE Day in London

British Prime Minister David Cameron will hold talks in Scotland with the other big winner in last week’s elections, Scottish nationalist leader Nicola Sturgeon, who has already warned him it cannot be “business as usual” with Scotland.

from The Great Debate:

Left’s labor lost: Why Europe’s social democrats are on the ropes

By John Lloyd
May 15, 2015

Ed Miliband former leader of the Labour Party, Nick Clegg former leader of the Liberal Democrats, and Britain's Prime Minister David Cameron pay tribute at the Cenotaph to mark the 70th anniversary of VE Day in London

Ed Miliband (L) who resigned as leader of the Labour Party, Nick Clegg who resigned as leader of the Liberal Democrats, and Britain's Prime Minister David Cameron (R) carry wreaths of poppies as they pay tribute at the Cenotaph to mark the 70th anniversary of VE Day in London, May 8, 2015. REUTERS/Paul Hackett

from The Great Debate:

Are the U.S. and UK still BFFs? It doesn’t really matter.

May 14, 2015

U.S. President Barack Obama walks with Britain's Prime Minister David Cameron during the G8 summit at the Lough Erne golf resort in Enniskillen

President Barack Obama walks with British Prime Minister David Cameron during the G8 summit in Enniskillen, Northern Ireland, June 18, 2013. REUTERS/Suzanne Plunkett

from MacroScope:

IMF paid but how much money does Greece have left?

By Mike Peacock
May 12, 2015

Greece's Finance Minister Varoufakis and Eurogroup chairman Dijsselbloem talk during an euro zone finance ministers meeting in Brussels

Greece made a 750 million euros repayment to the International Monetary Fund a day ahead of schedule on Monday but it is not clear precisely how much money Athens has left in its coffers.

from MacroScope:

Another missed Greek opportunity?

By Mike Peacock
May 11, 2015

Greek Finance Minister Varoufakis leaves the European Commission headquarters in Brussels

What had been billed as another defining moment in the Greek saga now looks like it will be another missed opportunity.