from MacroScope:

Greek plan – a detailed programme or vague list of ideas?

By Mike Peacock
March 30, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

The Greek government has sent a reform package to its EU and International Monetary Fund creditors, hoping it will unlock desperately needed funds to stave off bankruptcy.

from MacroScope:

Currency concerns everywhere

By Mike Peacock
March 24, 2015

A bureau de change operator counts U.S. currency notes in Abuja

Currency concerns in the central banking world have come to the fore again.

Sweden cut interest rates further into negative territory out of the blue last week, fearing its strong currency will engender deflation. The Swiss National Bank said it would aim to weaken what it sees as a "significantly overvalued" franc. And the Bank of England flagged the risk that sterling could strengthen further and leave inflation below target for longer.

from MacroScope:

The rouble and the hryvnia

By Mike Peacock
November 11, 2014

A reflection of a yearly chart of U.S. dollars and Russian roubles are seen on rouble notes in this illustration picture taken in Warsaw

Ukraine's currency shed nearly 5 percent on Monday after a weekend that saw the heaviest shelling in a month of the main rebel stronghold in the east and signs that Moscow had dispatched troops and tanks to reinforce separatists. The prospect that a two-month-old ceasefire could collapse has helped drive the currency 12 percent lower since the central bank abandoned an unofficial peg a week ago.

from Africa News blog:

Will Jonathan’s good luck hold out?

February 10, 2010

goodluckThe puns were too much for the Nigerian press (and me) to resist in headlines after Goodluck Jonathan quietly managed to get himself into the top job without even appearing to want a position left open for more than two months by the absence of President Umaru Yar’Adua.

from Africa News blog:

Should Nigerian leader transfer powers?

December 30, 2009

RTX6GT4_CompThe foiled Christmas Day bomb attack on a U.S. airliner has put further pressure on ailing Nigerian President Umaru Yar'Adua to either confirm he is fit to govern or hand over to his deputy.

from Africa News blog:

How ill is Nigeria’s president?

September 5, 2008

yaradua_portrait.jpgNigerian President Umaru Yar'Adua left for Saudi Arabia more than two weeks ago for the Islamic obligation of the lesser Hajj, a pilgrimage to Mecca. Yar'Adua, who is known to have a chronic kidney problem, has sought medical attention in Jeddah and has still not returned, raising fears about the state of his health. A medical source in Saudi Arabia told Reuters he had undergone an operation.