from MacroScope:

Another Russian rate cut?

By Mike Peacock
March 13, 2015

A cashier takes a 500-rouble banknote from a cash register as she serves a customer at the Vinoteka specialised wine and vodka store in Russia's Siberian city of Krasnoyarsk

Russia’s central bank meets having unexpectedly cut its key policy rate in January by 200 basis points to 15 percent, raising a question mark over its independence from political pressure, given inflation rose to a 13-year high of 16.7 percent in February.

from MacroScope:

Ukraine to get serious money

By Mike Peacock
March 12, 2015

International Monetary Fund Managing Director Lagarde speaks about the situation in Ukraine at a news conference in Brussels

The International Monetary Fund surprised on the upside with its programme for Ukraine last night, agreeing $17.5 billion in loans as expected but agreeing to pump $10 billion of that into the near bankrupt country over the next year and handing over $5 billion imminently.

from MacroScope:

Talking Turkey

By Mike Peacock
March 11, 2015

Turkey's President Tayyip Erdogan arrives for a welcoming ceremony at the Presidential Palace in Ankara

Turkish Central Bank Governor Erdem Basci will brief President Tayyip Erdogan today about sharp falls in the lira of about 12 percent versus the dollar this year which have not been helped by Erdogan's criticism of monetary policy.

from MacroScope:

Impatient euro zone tells Greece to get on with it

By Mike Peacock
March 10, 2015

Greek Finance Minister Varoufakis walks past  Eurogroup Chairman Dijsselbloem at a euro zone Finance Ministers meeting in Brussels

The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks on implementing a reform programme to secure urgently needed funds from its international creditors.

from MacroScope:

Whisper it, is the euro zone perking up?

By Mike Peacock
February 26, 2015

People walk into the the Mall of Berlin shopping centre in Berlin

The drama of Ukraine and Greece has left old-fashioned economic data in the shade so far this year but, quietly, there are some signs of improvement for the moribund euro zone economy.

from MacroScope:

The Greek plan is in, breath bated

By Mike Peacock
February 24, 2015

Varoufakis arrives at a news conference after an extraordinary euro zone Finance Ministers meeting in Brussels

Greece sent an economic reform plan to its EU and IMF creditors overnight, according to an EU source, and euro zone finance ministers will this morning see the list which is a condition for extending the country's bailout programme by four months.

from MacroScope:

Greek talks about talks

By Mike Peacock
February 13, 2015

Greece's PM Tsipras addresses a news conference after an EU leaders summit in Brussels

The Greek standoff is coming to a head.

A day after euro zone finance ministers couldn’t “even agree to disagree” Greek Prime Minister Alexis Tsipras, attending his first EU summit, agreed that Greek officials would meet representatives of the European Commission, the European Central Bank and the IMF today.

from MacroScope:

Varoufakis enters the lion’s den

By Mike Peacock
February 11, 2015

Greek Finance Minister Varoufakis holds his speech notes before a vote of confidence at the parliament in Athens

Greek Finance Minister Yanis Varoufakis enters the lion’s den today, attending his first meeting of euro zone finance ministers where he will spell out his plan to drop his country’s bailout and end austerity.

from MacroScope:

EU ponders new response to Russia

By Mike Peacock
January 27, 2015

A Ukrainian serviceman stands guard at his position in the village of Luhanska, Luhansk region

EU finance ministers meet in Brussels with Ukraine likely to be the centre of attention despite the electoral shockwaves emanating from Athens.

from MacroScope:

Crunch time

By Mike Peacock
January 22, 2015

ECB President Draghi addresses during ECB news conference in Frankfurt

The biggest policy decision of the year? The first U.S. interest rate rise may trump it whenever it comes and the Swiss National Bank has set the bar pretty high but an awful lot hangs on what the European Central Bank comes up with today.