from MacroScope:

Euro zone inflation data to set seal on ECB action

By Mike Peacock
June 3, 2014

Euro zone inflation – due at 0900 GMT - is forecast to hold at a paltry 0.7 percent in May, in what European Central Bank President Mario Draghi has labelled the danger zone below 1.0 percent for the eighth successive month.

from MacroScope:

Britain’s economic sprint probably tripled U.S. growth in Q1

April 28, 2014

What a difference a year makes.

This time last year, analysts and investors were nearly unanimous in their expectation for a whole lot of nothing from Britain’s economy which, after a valiant leap higher from a spectacularly successful 2012 Olympic Games hosted in London, was back to just bumping along.

from MacroScope:

Greeks bearing bonds

By Mike Peacock
April 10, 2014

Greece will sell its first bond in four years.

We know it will aim to raise up to 2.5 billion euros of five-year paper via syndication and wants to pay less than 5.3 percent – remarkable since only two years ago it was tipped to crash out of the euro zone and yields on 10-year debt peaked above 40 percent on the secondary market. They dropped below six percent for the first time since 2010 on Wednesday.

from Ian Bremmer:

The G7 and the limits of Russia’s ‘political isolation’

By Ian Bremmer
March 28, 2014

 

On Wednesday, President Barack Obama delivered the major address of his weeklong trip to Europe, focusing on the Russian incursions into Ukraine and the coordinated Western retaliation. “Together, we have isolated Russia politically, suspending it from the G8 nations,” Obama said. For annexing Crimea, Russia was punished with temporary exile from this coalition of advanced industrial democracies, a group of Western countries that collectively act on their shared values.

from Global Investing:

CORRECTED-Toothless or not, Western sanctions bite Russian bonds

March 25, 2014

(corrects last paragraph to show that Timchenko was Gunvor's co-founder, not a former CEO)

from MacroScope:

IMF verdict on Ukraine due

By Mike Peacock
March 25, 2014

G7 leaders didn’t move the dial far last night, telling Russia it faced more damaging sanctions if it took any further action to destabilize Ukraine.
They will also shun Russia’s G8 summit in June and meet ”à sept” in Brussels, marking the first time since Moscow joined the group in 1998 that it will have been shut out of the annual summit.

from MacroScope:

G7 test of mettle

By Mike Peacock
March 24, 2014

Another crunch week in the East-West standoff over Ukraine kicks off today with Barack Obama in the Netherlands for a meeting of more than 50 world leaders at a nuclear security summit in the Netherlands. There, he and his fellow G7 leaders will hold separate talks on Ukraine.

from MacroScope:

Obama twists, EU sticks

By Mike Peacock
March 21, 2014

Washington has seriously upped the ante on Vladimir Putin by slapping sanctions on some of his most powerful allies.

from MacroScope:

When is a war not a war?

By Mike Peacock
March 3, 2014

Is it war if no shots have been fired? The Ukrainians say so but Moscow, its grip on Crimea now pretty much complete, says it is merely protecting its people. The rest of the world and its financial markets watch on very uneasily.

from MacroScope:

What no crisis?

By Mike Peacock
May 13, 2013

 

It seems eons since the euro zone finance ministers’ meetings which made such a hash of the Cyprus bailout but they were only two months ago. Monday’s Eurogroup will be altogether less eventful with some of the gathering probably a little jaded having spent part of their weekend at the G7 outside London where the usual differences about growth versus austerity and banking reform were aired.