from MacroScope:

Greek money seems close to running out

By Mike Peacock
May 25, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in Brussels

The smart money has always been on a last-minute deal being done to keep Greece afloat with Athens making most of the concessions and the euro zone and IMF bending only a little. But the chances of a car crash are growing as each day passes.

from MacroScope:

More Greek talks, Riga summit unlikely to be decisive

By Mike Peacock
May 20, 2015

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

Greece's European lenders have played down hopes of a swift end to aid negotiations and said talks must speed up before the country runs out of cash. That contrasted sharply with optimism in Athens where a series of top officials asserted that a deal was just days away.

from MacroScope:

Greeks talk up deal prospects, but what has changed?

By Mike Peacock
May 19, 2015

Greece's Finance Minister Varoufakis and Eurogroup chairman Dijsselbloem talk during an euro zone finance ministers meeting in Brussels

In an epic late-night talk show appearance, Greek Finance Minister Yanis Varoufakis said his government was nearing a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month.

from The Great Debate:

To recapture Ramadi from Islamic State, Iraq must use this formula

By Hayder Al-Khoei
May 18, 2015

Displaced Sunni people, who fled the violence in the city of Ramadi, arrive at the outskirts of Baghdad

Displaced Sunnis, who fled the violence in the city of Ramadi, arrive at the outskirts of Baghdad, April 17, 2015. REUTERS/Stringer

from MacroScope:

ECB sees inflation back by year-end

By Mike Peacock
May 18, 2015

Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt

An interesting weekend intervention by ECB policymaker Yves Mersch who said there was no question of winding up QE early and that inflation, still skulking around zero, would stay there until autumn then rise sharply late in the year towards 1.5 percent.

from The Great Debate:

Last of Saddam Hussein’s lieutenants may have fallen in Iraq, but Baathists fight on

By Mohamad Bazzi
May 6, 2015

The body of a man believed to be Ezzat al-Douri, is seen as it is delivered by fighters of the Shiite militia group Kataib Hezbollah, to the Iraqi government in Baghdad

The body of a man believed to be Ezzat al-Douri, is seen as it is delivered by fighters of the Shiite militia group Kataib Hezbollah, to the Iraqi government in Baghdad, April 20, 2015. REUTERS/Stringer

from The Great Debate:

Better the dictator you condemn than the insurgents you can’t control

By John Lloyd
May 1, 2015

Fighters from Misrata fire weapons at Islamic State militants near Sirte

Fighters from Misrata fire weapons at Islamic State militants near Sirte, March 15, 2015. Militants loyal to Islamic State, the group which has seized much of Iraq and Syria, have established a larger presence in central Libya in recent weeks. REUTERS/Goran Tomasevic

from The Great Debate:

The Pentagon is buying the wrong ship, and it’s costing taxpayers billions

By David Axe
April 30, 2015

cyclone-crafts-1

Cyclone-class boats before the modernization program in formation. Courtesy of U.S. NAVY

from MacroScope:

Greek rumour mill in overdrive

By Mike Peacock
April 14, 2015

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

Greece returns from its Easter break with only a few days to improve on a package of reforms that the euro zone is insisting on in return for fresh bailout money.

from The Great Debate:

An ancient imam at the center of Iran nuclear deal

By Mohamad Bazzi
April 13, 2015

Iran's Supreme Leader Ayatollah Ali Khamenei speaks in Tehran

Iran's Supreme Leader Ayatollah Ali Khamenei speaks in Tehran, January 8, 2007. REUTERS/Stringer