from MacroScope:

Hollande’s search for an elusive winning formula

By Mike Peacock
April 1, 2014

After a local election drubbing, French President Francois Hollande duly sacked his prime minister last night and tempered his economic reform drive, vowing to focus more on growth and “social justice”. A fuller cabinet reshuffle is expected today.

from MacroScope:

Putin’s Ukraine “victory” — pyrrhic?

By Mike Peacock
December 3, 2013

Ukraine continues to top the European worry list.

Monday demonstrated how quickly the financial side of the equation can spiral out of control. The hryvnia currency slumped and the cost of insuring against Ukrainian default soared, forcing the central bank to intervene and urge its citizens not to spark a bank run.

from MacroScope:

French travails

By Mike Peacock
November 12, 2013

The Bank of France's monthly report forecasts growth of 0.4 percent in the last three months of the year, up from an anaemic 0.1 percent in the third quarter. That still makes for a fairly doleful 2013 as a whole.

from MacroScope:

Austerity — the British test case

By Mike Peacock
April 25, 2013

First quarter UK GDP figures will show whether Britain has succumbed to an unprecedented “triple dip” recession. Economically, the difference between 0.2 percent growth or contraction doesn’t amount to much, and the first GDP reading is nearly always revised at a later date. But politically it’s huge.

from MacroScope:

Octogenarian rekindles Italian hope

By Mike Peacock
April 22, 2013

 

The big euro zone development over the weekend was the re-election of ageing Italian President Giorgio Napolitano for a second term. The presumption is that to put himself through this again he must have got pretty serious expressions of intent from the warring political parties that they will strive for some form of grand coalition. That may have been made easier by the resignation of centre-left leader Bersani who was in danger of splitting his own caucus.

from Chrystia Freeland:

The euro zone, slow-motion crashes and Latvia

By Chrystia Freeland
June 7, 2012

Spending time with top European policymakers at the moment is scary and slightly nauseating, like the final, slow-motion moments before a car accident, when you can see precisely both how you will probably crash and what it would take, if only you could force your paralyzed muscles into action, to swerve to safety.

from Financial Regulatory Forum:

EU says won’t copy U.S. bank plan; bank ethics face scrutiny over Greece

By Reuters Staff
February 16, 2010

Watching the banks

Watching the banks

  BRUSSELS, Feb 16 (Reuters) - Banks in the European Union won't face a ban on proprietary trading, the bloc's executive body said on Tuesday, but warned the sector to check its ethics.

from MacroScope:

Is Rehn the EU Commission’s Carrie Bradshaw?

February 12, 2010
OlliRehn The new European Union Economic and Monetary Affairs Commissioner Olli Rehn likens himself to Carrie Bradshaw, the lead character in television show Sex and the City, and thinks his small hometown in Finland is the centre of the world.

"I'd be Carrie, I guess, since I like to write," he told the Finnish newspaper Helsingin Sanomat when asked about which character in the show he most resembles.

from Financial Regulatory Forum:

EU economy, tax nominees may face second grilling

By Reuters Staff
January 14, 2010

By John O'Donnell

BRUSSELS, Jan 14 (Reuters) - One of the European Union's top lawmakers has said she may demand a second hearing to quiz the bloc's designated tax and economics chiefs before the committee she leads decides whether to approve their appointments.

from Commentaries:

Ireland puts the EU show back on the road

By Paul Taylor
October 3, 2009

biffoThe EU show is back on the road. Sixteen months after Irish voters brought the European Union's tortured process of institutional reform to a juddering halt by voting "No" to the Lisbon treaty, the same electorate has turned out in larger numbers to say "Yes" by a two-thirds majority.