France on a budget

By Mike Peacock
September 25, 2013

The French 2014 budget will be presented in full today with the government seeking to reassure voters with a plan that makes the bulk of savings through curbs in spending, having relied more heavily on tax increases so far.

Euro zone rate cut prospects evaporate

By Mike Peacock
August 27, 2013

The euro zone is growing again and while its weaker constituents face plenty of tough times yet, it seems less and less likely that the European Central Bank will cut interest rates from their record low 0.5 percent. That illustrates the problems of the new fad of forward guidance.

Europe may still be ‘on path for a meltdown': former Obama adviser Goolsbee

By MacroScope
August 15, 2013

Reporting by Chris Kaufmann and Walden Siew

For all the enthusiasm about the euro zone’s exit from recession, many experts believe the currency union’s crisis is more dormant than over. That was certainly the message from Austan Goolsbee, former economic adviser to President Barack Obama and professor at the University of Chicago. He spoke to the Reuters Global Markets Forum this week.  

Japan’s ‘quadrillion’ feat

August 12, 2013

The age of the quadrillion is finally here.

After years of being stuck in millions, billions, trillions and other terms that usually come up short of twelve zeros, Japan has broken out, with its debt crossing the magical 15 zero barrier.

Event risk

By Mike Peacock
August 1, 2013

If you’re hankering after “event risk”, look no further. Europe can offer top central bank meetings, front line economic data, a debt auction and more political risk than you can shake a stick at today.

A Marshall Plan for Greece

July 30, 2013

The spectacular failure of “expansionary austerity” policies has set Greece on a path worse than the Great Depression, according to a study from the Levy Economics Institute of Bard College.

Raskin’s warning: ‘Shouldn’t pretend’ Fed capital rules are a panacea

July 10, 2013

Post corrected to show Brooksley Born is a former head of the Commodity Futures Trading Commission (CFTC) not a former Fed board governor.

Portugal crisis to test ECB´s strategy

July 3, 2013

Portuguese bond yields surged to more than 8 percent as a government crisis prompted investors to shun the bailed-out country, raising concerns about another flare-up in the euro zone debt saga.

Broken (record) jobless data: Euro zone unemployment stuck at all-time high

July 2, 2013

Surprise! Euro zone unemployment was stuck at record high of 12.2 percent in May, with the number of jobless quickly climbing towards 20 million. Still, as accustomed to grim job market headlines from Europe as the world has become, it is worth perusing through the Eurostat release for some of the nuances in the figures.

France under the spotlight

By Mike Peacock
June 4, 2013

An IMF team will conclude its annual review of the French economy and hold a news conference this morning.