from MacroScope:

Acid test of EU’s resolve over Russia

By Mike Peacock
July 21, 2014

Emergencies Ministry member walks at the site of a Malaysia Airlines Boeing 777 plane crash near the settlement of Grabovo in the Donetsk region

EU leaders said over the weekend they would be prepared to impose tougher sanctions on Russia, giving Vladimir Putin one more chance to douse the violence in eastern Ukraine and help investigators do their work at the site of the crashed Malaysian airliner or face the consequences.

from MacroScope:

A turning point?

By Mike Peacock
July 18, 2014

Emergencies Ministry members work at the site of a Malaysia Airlines Boeing 777 plane crash in the settlement of Grabovo in the Donetsk region

Could the shooting down of a Malaysia Airlines plane over Ukraine be a fundamental turning point in the crisis that has pitted Russia against the West? And if so which way – towards rapprochement or a further escalation?

from MacroScope:

Sanctions tighten

By Mike Peacock
July 17, 2014

Britain's PM Cameron, Portugal's PM Passos Coelho, Germany's Chancellor Merkel and Finland's PM Stubb attend an EU leaders summit in Brussels

EU leaders failed to get anywhere on sharing out the top jobs in Brussels last night but did manage another round of sanctions against Russia.

from MacroScope:

New EU takes shape

By Mike Peacock
July 15, 2014

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The new EU aristocracy will be put in place this week with the European Parliament to confirm Jean-Claude Juncker as the next European Commission President today and then EU leaders gathering for a summit on Wednesday at which they will work out who gets the other top jobs in Brussels.

from MacroScope:

Draghi vs Weidmann

By Mike Peacock
July 14, 2014

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European Central Bank President Mario Draghi makes a lengthy appearance in the European Parliament in Strasbourg. He will doubtless reassert that the ECB would start printing money if necessary but, as we reported last week, policymakers are fervently hoping they won’t have to and that a raft of measures announced in June will do enough to lift the economy and inflation.

from The Great Debate:

Want energy independence? Keep the nuclear option and limit exports

By John Licata
July 10, 2014

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Whether or not you follow the energy markets, it’s very likely you’ve heard the phrase “U.S. energy independence" at one time or another in recent years. Yet the very notion that the United States can be completely self-sufficient when it comes to supplying our domestic need for energy consumption is seriously flawed for a number of reasons ranging from population growth, pure economics, a lack of public policy and a dated permitting process vital to commercialize new energy projects. Collectively, this should have Americans questioning whether U.S. power production can be enough to completely eliminate the need for foreign energy sources.

from MacroScope:

Balance tilted in Ukraine?

By Mike Peacock
July 7, 2014

slaviansk.jpgUkrainian forces pushed pro-Russian rebels out of their stronghold of Slaviansk on Saturday. Its re-capture represents Kiev's most notable military victory in three months of fighting in which more than 200 Ukrainian troops have been killed as well as hundreds of civilians and rebels.

from MacroScope:

Renzi and Schaeuble: Compare and contrast

By Mike Peacock
July 2, 2014

renzi2.jpgItalian Prime Minister Matteo Renzi will spell out to the European Parliament his priorities for Italy’s six-month tenure of the EU presidency.
Emboldened by a strong showing in May’s EU elections, Renzi is pressing for a focus on growth rather than austerity and has even managed to get Germany to talk the talk.

from MacroScope:

A call to arms

By Mike Peacock
June 19, 2014

The prospect of U.S. and Iranian intervention in Iraq looms larger.

Baghdad has asked the United States for air support to counter Sunni militants who have seized major cities in a lightning advance that has routed the Shi'ite-led government army. And Iranian President Hassan Rouhani has signalled that Tehran was prepared to intervene to protect Iraq's great Shi'ite shrines.

from MacroScope:

Common cause for Washington and Tehran in Iraq?

By Mike Peacock
June 16, 2014

Iraq is going up in flames and there appears to be no question of the West putting boots back on the ground in contrast to 2003 when the United States and Britain invaded to topple Saddam Hussein and set in train a decade of chaos that has now exploded again.