from MacroScope:

EU investment plan; game changer or empty vessel?

By Mike Peacock
November 26, 2014

European Central Bank President Draghi and Eurogroup President -Juncker talk during a news conference in Nicosia, Cyprus

New European Commission President Jean-Claude Juncker will unveil his investment plan for the bloc to the European Parliament today which aims to generate 315 billion euros of investment and lift growth onto a higher plane. The details were put out last night and there’s no new money in it. Instead, 21 billion euros of funding is expected to leverage private investment of a whopping 15 times that amount.

from The Great Debate:

Should Putin fear the man who ‘pulled the trigger of war’ in Ukraine?

By Lucian Kim
November 25, 2014

Figurines of former pro-Russian separatist commander Igor Strelkov from the collection entitled "Toy Soldiers of Novorossiya" are on display at a workshop in Moscow

The official Kremlin narrative on the war in eastern Ukraine is clear and simple: after seizing power in February, a Western-backed “junta” in Kiev sent neo-Nazi gangs – then tanks and warplanes – to stamp out peaceful protests by the Russian-speaking community. The locals who took up arms are freedom fighters, and the only help they get from Russia is humanitarian aid. For the past six months, Russian state television has carpet-bombed its viewers with this message, day in and day out.

from MacroScope:

Greek bailout pressure rising

By Mike Peacock
November 25, 2014

A Greek and an EU flag flutter in front of the temple of the Parthenon during the takeover ceremony of the six-month rotation of Greece's EU Presidency in Athens

Greece's government will resume stalled talks with EU/IMF lenders in Paris today as Athens pushes to make an early exit from an unpopular bailout programme.

from MacroScope:

UK politics thrown up in the air

By Mike Peacock
November 21, 2014

Nigel Farage, leader of UKIP, cheers as it is announced that UKIP candidate Mark Reckless won the by-election at Medway Park in Gillingham

As predicted, Britain’s surging anti-EU party UKIP snatched a second parliamentary seat from the ruling Conservatives overnight.

from MacroScope:

EU uneasy about Hungary’s closeness to Russia

By Mike Peacock
November 19, 2014

Hungary's PM Orban arrives at an EU leaders summit in Brussels

After Germany's foreign minister saw "no reason for optimism" after talks in Moscow on Tuesday, today Hungary’s Peter Szijjarto meets Russian Foreign Minister Sergei Lavrov. Violence is on the rise again in eastern Ukraine and tougher sanctions against Russia remain a live possibility although EU foreign ministers limited themselves to targeting a few more Ukrainian separatists earlier this week.

from MacroScope:

Will Germany’s Q4 get any better?

By Mike Peacock
November 18, 2014

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

Germany’s ZEW index will give an indication of whether the fourth quarter will be any better for Europe’s largest economy after it barely escaped recession in Q3. In October, the index dropped to its lowest level in nearly two years.

from MacroScope:

Draghi back in the dock

By Mike Peacock
November 17, 2014

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European Central Bank President Mario Draghi faces lengthy interrogation at the European Parliament today.

from The Great Debate:

Putin waging information war in Ukraine worthy of George Orwell

By Lucian Kim
November 14, 2014

A chicken walks near a residential block and a car damaged by recent shelling in Donetsk

It was a familiar scenario this week. First the government in Kiev said that Russia was sending convoys of men and weapons to support pro-Moscow separatists in eastern Ukraine. Then U.S. General Philip Breedlove, NATO’s top commander in Europe, confirmed those claims, saying “there is no question anymore about Russia’s direct military involvement in Ukraine.” His remarks were summarily denied by the Russian Defense Ministry, which said it had stopped paying attention to his “unfounded proclamations.”

from MacroScope:

Germany just dodges recession

By Mike Peacock
November 14, 2014

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

After European Central Bank chief Mario Draghi managed to bring his colleagues into line to sign up to his 1 trillion euros or so target to push into the ailing euro zone economy, today sees a raft of third quarter GDP reports which are likely to show just why more help may be needed.

from MacroScope:

UK election – a race to the bottom?

By Mike Peacock
November 13, 2014

Britain's opposition Labour Party leader Miliband speaks at the CBI annual conference in London

The theme of both Britain’s main political parties behaving like they want to lose next May’s election continues.