from Breakingviews:

Greek banks will have to live hand to mouth

January 26, 2015

By George Hay

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Hugo Dixon:

Greece still unlikely to leave euro zone after Syriza win

By Hugo Dixon
January 26, 2015

Supporters of opposition leader and head of radical leftist Syriza party Tsipras cheer at exit poll results in Athens

Supporters of opposition leader and head of radical leftist Syriza party Alexis Tsipras cheer at exit poll results in Athens, Jan. 25, 2015. REUTERS/Marko Djurica

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 Hugo Dixon:

Banks are Greece’s Achilles’ heel

By Hugo Dixon
January 12, 2015

A possible bank run is Greece’s Achilles’ heel.

The country probably won’t be forced out of the euro. But there is a scenario where this could happen. This involves Syriza, the radical-left party, winning the upcoming election and then running out of time before it can perform the policy U-turn necessary to keep its creditors on side. Depositors might then panic.

from MacroScope:

France grieves and questions

By Mike Peacock
January 8, 2015

Makeshift memorial is seen outside the Consulate General of France during a vigil for the victims of an attack on satirical magazine Charlie Hebdo in Paris, in San Francisc

The youngest of three French nationals hunted over the killing of 12 people at a satirical magazine turned himself in overnight. The police have named the trio, the two still at large are brothers Said and Cherif Kouachi.

from MacroScope:

No inflation, not much growth

By Mike Peacock
January 6, 2015

A metal sculpture depicting a stock exchange chart is seen in the reception hall of the Athens Stock Exchange in Athens

Euro zone service sector PMI readings for December are unlikely to alter European Central Bank thinking about taking the ultimate policy leap and commencing a quantitative easing government bond-buying programme, possibly at its Jan. 22 meeting.

from MacroScope:

Inflation vanishes

By Mike Peacock
January 5, 2015

Draghi, President of the European Central Bank (ECB) waits for the start of the European Banking Congress in the Old Opera house in Frankfurt

German inflation figures for December will presage the euro zone number on Wednesday, together offering one of the final pieces of the jigsaw for the European Central Bank before its late January policy meeting at which it could commence a quantitative easing government bond-buying programme.

from MacroScope:

2015 and all that

By Mike Peacock
December 31, 2014

People watch as confetti falls during the annual "air worthiness" test in preparation for New Year's Eve celebrations in Times Square, New York

The last day of the year and all is quiet – but not for long.

Unless the price of oil bounces markedly or Vladimir Putin walks away from Ukraine thereby loosening western sanctions – both unlikely – Russia could be heading for a serious economic fall. Reserves are being burned defending the currency. They are sufficient for now but without hefty tax increases, public spending cuts and/or a higher pension age the outlook for 2016 and beyond is much gloomier.

from MacroScope:

Day of reckoning for Greece

By Mike Peacock
December 29, 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

Greek Prime Minister Antonis Samaras faces a final parliamentary vote on his presidential candidate. Lose and he will have to call snap elections early next year which polls suggest anti-bailout Syriza would win. A result is expected around 1100 GMT.

from MacroScope:

Greeks vote again

By Mike Peacock
December 23, 2014

Greek Prime Minister Antonis Samaras is seen inside the parliament during Presidential vote

A second round of voting in the Greek parliament on the government’s nominee for president takes place today.