from MacroScope:

Game on in Greece

By Mike Peacock
January 26, 2015

The head of radical leftist Syriza party Tsipras waves to supporters after winning the elections in Athens

Syriza has fallen tantalisingly short of an overall majority, winning 149 of 300 Greek parliamentary seats and taking 36.3 percent of the vote, 8.5 points ahead of the New Democracy party of Prime Minister Antonis Samaras in what amounts to a decisive rejection of austerity.

from MacroScope:

Clean sweep for Draghi?

By Mike Peacock
January 23, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in Frankfurt

Mario Draghi’s peerless track record of eliciting the market response he wants remains unblemished after the ECB’s quantitative easing surprised on the upside – at 60 billion euros a month for at least 19 months it will exceed 1 trillion euros.

from MacroScope:

No inflation, not much growth

By Mike Peacock
January 6, 2015

A metal sculpture depicting a stock exchange chart is seen in the reception hall of the Athens Stock Exchange in Athens

Euro zone service sector PMI readings for December are unlikely to alter European Central Bank thinking about taking the ultimate policy leap and commencing a quantitative easing government bond-buying programme, possibly at its Jan. 22 meeting.

from MacroScope:

Russian currency crisis

By Mike Peacock
December 16, 2014

Russia's Central Bank Governor Nabiullina applauds during the VTB Capital "Russia Calling!" Investment Forum in Moscow

After the central bank dramatically raised interest rates by 6.5 percentage points to 17 percent overnight, Russia has given up any pretence that it is not in the grip of a currency crisis.

from MacroScope:

Governments teetering

By Mike Peacock
December 3, 2014

Sweden's PM Lofven speaks at a news conference in Stockholm

Sweden's centre-left administration is on the brink just two months into office after a far-right party announced it would side with the centre-right opposition to vote against the 2015 budget. The anti-immigration Sweden Democrats, who are shunned by all other parties in the Riksdag, holds the balance of power.

from MacroScope:

Italy’s budget progresses as Brussels watches

By Mike Peacock
December 1, 2014

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Italy's lower house approved Prime Minister Matteo Renzi's tax-cutting 2015 budget on Sunday. It will now move on to the Senate, where it must be passed by the end of the year. The budget is at the centre of a tussle with the European Commission, which says it does not do enough to reduce the country's huge public debt.

from MacroScope:

UKIP looking for next advance

By Mike Peacock
November 20, 2014

United Kingdom Independence Party leader Nigel Farage reacts duing a photocall outside the party campaign office in Rochester southeast England

Never heard of Rochester and Strood? You might have by tomorrow. The southern England constituency votes today following the defection of its Conservative parliamentarian to anti-EU UKIP.

from MacroScope:

Anaemic growth at best

By Mike Peacock
November 5, 2014

Lithuanian 1 euro coins are pictured in the Lithuanian Mint in Vilnius

Service sector PMI surveys for euro zone member states offer the last piece in the economic data jigsaw for the European Central Bank to ponder before its policy decision on Thursday.

from MacroScope:

Fed heads one way, BoJ the other. What now for ECB?

By Mike Peacock
November 3, 2014

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After the Federal Reserve wound up its bond-buying programme, as expected, and the Bank of Japan sprung a surprise by sharply increasing the pace of its money-printing, this week the European Central Bank takes its monthly bow and will probably come up with nothing new.

from MacroScope:

EU leaders meet for a gas

By Mike Peacock
October 23, 2014

France's President Hollande talks with German Chancellor Merkel  during a meeting on the sidelines of a Europe-Asia summit in Milan

A two-day summit of EU leaders is supposed to focus on climate and energy policy including efforts to enhance energy security following the threat of interruptions to gas supplies from Russia.