from MacroScope:

Greek gamble

By Mike Peacock
December 9, 2014

Greek Prime Minister Antonis Samaras smiles during a news conference with Egypt's President Abdel Fattah al-Sisi and Cyprus' President Nicos Anastasiades after their summit at the presidential palace in Cairo

The Greek government has taken a huge gamble, bringing forward by two months to next a week a parliamentary vote on a new president. Two further rounds of voting will be held before the year-end.

from MacroScope:

Merkel raps Italy, France over budgets

By Mike Peacock
December 8, 2014

France's President Hollande talks with Italy's Prime Minister Renzi during the Asia-Europe Meeting (ASEM) in Milan

Euro zone finance ministers meet in Brussels to discuss member states’ 2015 budget plans. We know the European Commission thinks France, Italy and Belgium are breaking EU deficit rules but will defer decisions on any action until March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme.

from MacroScope:

Eyes on Weidmann for Draghi pushback

By Mike Peacock
December 5, 2014

Deutsche Bundesbank President Weidmann arrives for the annual news conference in Frankfurt

Bundesbank chief Jens Weidmann, German Finance Minister Wolfgang Schaeuble and his Italian counterpart, Pier Carlo Padoan, all speak at a conference in Frankfurt today.

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 Ian Bremmer:

Oil price plummet won’t help U.S. with Iran or Russia

By Ian Bremmer
November 11, 2014

A motorist holds a fuel pump at a Gulf petrol station in London

Plummeting oil prices — down more than 25 percent since June to three-year lows — should relieve pressure on consumers at the pump. But is it pushing oil-exporting regimes past the breaking point?

from The Great Debate:

What is the best way for the U.S. to counter Russia’s natural gas threats?

By Leslie Palti-Guzman
November 6, 2014

General view of Bogorechanske gas storage facility in Ivano-Frankivsk region near Ukraines western borders

After last week’s gas agreement between Russia, Ukraine and the European Union -- which made clear Russia’s energy dominance over Europe -- some have asked whether the U.S. could use its gas reserves as a “geopolitical weapon” to “stand up to Russian aggression,” as U.S. Speaker of the House John Boehner said in a statement earlier this year.

from MacroScope:

Anaemic growth at best

By Mike Peacock
November 5, 2014

Lithuanian 1 euro coins are pictured in the Lithuanian Mint in Vilnius

Service sector PMI surveys for euro zone member states offer the last piece in the economic data jigsaw for the European Central Bank to ponder before its policy decision on Thursday.

from MacroScope:

Fed heads one way, BoJ the other. What now for ECB?

By Mike Peacock
November 3, 2014

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After the Federal Reserve wound up its bond-buying programme, as expected, and the Bank of Japan sprung a surprise by sharply increasing the pace of its money-printing, this week the European Central Bank takes its monthly bow and will probably come up with nothing new.

from MacroScope:

UK growth robust so what’s eating David Cameron?

By Mike Peacock
October 24, 2014

Britain's Prime Minister Cameron arrives at the European Council headquarters ahead of a EU summit in Brussels

British GDP data are forecast to show healthy growth of 0.7 percent in the third quarter.

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.