Judgment day for Slovenia

By Mike Peacock
December 12, 2013

The Slovenian government is poised to publish the results of an external audit of its banks, which will say how much cash the government must inject to keep them afloat. We’ve heard from sources that the euro zone member needs as much as 5 billion euros to recapitalize largely state-owned banks.

Confidence in Italy?

By Mike Peacock
December 11, 2013

Emboldened by the splitting of Silvio Berlusconi’s party and the media mogul’s expulsion from parliament, Prime Minister Enrico Letta has already won one confidence vote in parliament. Today, he has called another to cement his coalition’s standing.

Union? Don’t bank on it

By Mike Peacock
December 9, 2013

The Eurogroup of euro zone finance ministers meets, followed by the full Ecofin on Tuesday, to try and unpick the Gordian Knot that is banking union.

Game of chicken in Kiev

By Mike Peacock
December 4, 2013

No sign of tensions calming on the streets of Kiev, in fact today we could have a new flashpoint.

And more from the ECB…

By Mike Peacock
November 22, 2013

The bombardment of European Central Bank interventions continues today. ECB chief Mario Draghi addresses the European Banking Congress in Frankfurt and any number of his colleagues break cover elsewhere.

ECB cacophony

By Mike Peacock
November 21, 2013

A round of European Central Bank policymakers speeches this week can be boiled down to this. All options, including money-printing, are on the table but it will be incredibly hard to get it past ECB hardliners and neither camp sees a real threat of deflation yet.

Taking the union out of banking union?

By Mike Peacock
November 15, 2013

Today’s meeting of EU finance ministers will grapple with banking union and next year’s stress tests though with no German government in place, a leap forward is unlikely.

Brussels looks warily at German surplus

By Mike Peacock
November 13, 2013

Barring a last minute change of heart, the European Commission will launch an investigation into whether Germany’s giant trade surplus is fuelling economic imbalances, a charge laid squarely by the U.S. Treasury but vehemently rejected by Berlin.

United on banking union?

By Mike Peacock
November 11, 2013

Reuters reported over the weekend that Angela Merkel’s Conservatives and the centre-left SPD had agreed that a body attached to European finance ministers, not the European Commission, to decide when to close failing banks.

Strongly vigilant?

By Mike Peacock
November 7, 2013

An alarming drop in euro zone inflation – to 0.7 percent from 1.1 percent – throws today’s European Central Bank policy meeting into very sharp relief. Not since the central bank cut interest rates in May has it been under such scrutiny.