from MacroScope:

IMF paid but how much money does Greece have left?

By Mike Peacock
May 12, 2015

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

Greece made a 750 million euros repayment to the International Monetary Fund a day ahead of schedule on Monday but it is not clear precisely how much money Athens has left in its coffers.

from The Great Debate:

The results: A sketch of an outline of a roadmap to an Iran nuclear deal

By Sharon Squassoni
April 3, 2015

View of the Arak heavy-water project southwest of Tehran

A view of the Iranian Arak heavy-water project southwest of Tehran, Aug. 26, 2006. REUTERS/ISNA/Handout

from MacroScope:

Tsipras seeking mercy from Merkel

By Mike Peacock
March 23, 2015

Greece's PM Tsipras, EU Parliament President Schulz and Germany's Chancellor Merkel attend a EU leaders summit in Brussels

Greek Prime Minister Alexis Tsipras meets Angela Merkel in Berlin late today.

The strategy in Athens seems to be to seek mercy from EU leaders, going over the heads of euro zone finance ministers and the European Central Bank and IMF, hoping that they will see the broad political cost of a Greek collapse rather than focus on the nitty gritty of funding and required economic reforms.
That doesn’t look like a winning strategy.

from The Great Debate:

Relax, Israel – if your ally is working with your enemy, it doesn’t make them friends

By Ilan Goldenberg and Elizabeth Rosenberg
March 12, 2015

U.S. President Obama walks with Saudi King Salman to a meeting at Erga Palace in Riyadh

President Barack Obama (L) walks with Saudi Arabia's King Salman to a meeting at Erga Palace in Riyadh, January 27, 2015. REUTERS/Jim Bourg

from MacroScope:

Turkish interest rate standoff

By Mike Peacock
March 3, 2015

Turkey's President Tayyip Erdogan gestures during a conference at the Foreign Affairs building  in Mexico City

Turkey’s central bank releases minutes of its last meeting at which it cut interest rates by a quarter point.

from MacroScope:

Negative inflation to herald QE launch

By Mike Peacock
March 2, 2015

US dollars and euros banknotes are seen in this illustration photo taken at a change bureau in Paris

The European Central Bank is about to start printing money. Euro zone data today will show why.

from MacroScope:

Eurozone awaits Greek reform list

By Mike Peacock
February 23, 2015

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

A Greek deal has been pulled from the fire at the last moment. The country’s bailout programme will be extended for four months averting a potential cash crunch in March that could have forced the country out of the currency area.

from The Great Debate:

How to arm Ukraine without starting World War Three

By Steven Pifer
February 18, 2015

Members of the separatist self-proclaimed Donetsk People's Republic army collect parts of a destroyed Ukrainian army tank in the town of Vuhlehirsk, west of Debaltseve

Members of the separatist self-proclaimed Donetsk People's Republic army collect parts of a destroyed Ukrainian army tank in Vuhlehirsk, about 10 km (6 miles) west of Debaltseve, February 16, 2015. REUTERS/Baz Ratner

from MacroScope:

Last-ditch Ukraine truce bid

By Mike Peacock
February 6, 2015

Members of the armed forces of the separatist self-proclaimed Donetsk People's Republic gather near a building destroyed during battles with the Ukrainian armed forces in Vuhlehirsk

After flying to Kiev to present a new peace plan, Germany’s Angela Merkel and France’s Francois Hollande will be in Moscow today for talks with Russia’s Vladimir Putin.

from MacroScope:

Volatility back with a bang

By Mike Peacock
January 16, 2015

The logo of the SNB is seen at the entrance of the SNB in Bern

Volatility is back with a bang.

The Swiss franc leapt by an unprecedented 40 percent at one point after the Swiss National Bank scrapped its currency cap out of the blue. Oil may have bounced but it’s still down the thick end of 60 percent since mid-2014, dragging the rouble and other oil-producer currencies with it. Copper, generally a barometer of world industrial demand, is barely finding its feet after plunging this week.