from MacroScope:

Can’t pay, won’t pay

By Mike Peacock
May 26, 2015

 

Latvian President Berzins welcomes Greek Prime Minister Tsipras at the Eastern Partnership Summit in RigaAfter many mixed messages in recent months, the Greek government seems to have alighted on one simple line: can’t pay, won’t pay.

from The Great Debate:

When Palmyra rivaled the Roman Empire

By Mike Duncan
May 25, 2015

Tourists take pictures at the ancient Palmyra theater in the historical city of Palmyra

Tourists take pictures at the ancient theater in the historical city of Palmyra, April 18, 2008. REUTERS/Omar Sanadiki

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:

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:

The issue that could bring Iran and Saudi Arabia to the negotiating table

By Mark Fitzpatrick and Jacqueline Shire
May 15, 2015

Obama hosts working session of six-nation Gulf Cooperation Council at Camp David in Maryland

President Barack Obama hosts a working session of the six-nation Gulf Cooperation Council at Camp David in Maryland, May 14, 2015. REUTERS/Kevin Lamarque

from MacroScope:

Watching Draghi at the IMF

By Mike Peacock
May 14, 2015

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

European Central Bank President Mario Draghi is in Washington for talks at the International Monetary Fund and will deliver a speech there. Presumably Greece will be item 1, 2, 3 and 4 on the agenda.

from The Great Debate:

How an Iran nuclear deal means cheaper oil and why Tehran is OK with that

By Jan H. Kalicki
May 12, 2015

Facilities at phases 2-3 of the South Pars gas field are illuminated at night in Assaluyeh on Iran's Persian Gulf coast

Facilities at phases 2-3 of the South Pars gas field, owned jointly by Iran and Qatar, are illuminated at night in Assaluyeh on Iran's Persian Gulf coast, May 27, 2006. REUTERS/Morteza Nikoubazl

from The Great Debate:

There will be no winners in Syria’s war, but there can be an end

By Noah Bonsey
May 5, 2015

Free Syrian Army fighter covers his ears as his fellow fighter fires weapon during clashes with forces loyal to President Assad in old city of Aleppo

A Free Syrian Army fighter covers his ears as his fellow fighter fires a weapon during clashes with forces loyal to Syria's President Bashar al-Assad in Aleppo, April 30, 2015. REUTERS/Hosam Katan

from The Great Debate:

The world looks like it’s getting worse. Here’s why it’s not.

By John Stackhouse
April 28, 2015

Members of the Southern Resistance Committees man a tank during clashes with Houthi fighters in Yemen's southern city of Aden

Members of the Southern Resistance Committees man a tank during clashes with Houthi fighters in Yemen's southern city of Aden, April 23, 2015. REUTERS/Stringer

from The Great Debate:

A strategy for defeating Islamic State from an unlikely source

By Jack Goldstone
March 11, 2015

Shi'ite fighters fire a rocket during clashes with Islamic State militants in Salahuddin province

Shi'ite fighters fire a rocket during clashes with Islamic State militants in Salahuddin province, March 1, 2015. REUTERS/Ahmed Al-Hussain