India’s central bank nearing policy crossroads

June 11, 2015

Traffic moves at busy intersection in New DelhiThe Reserve Bank of India is facing a fork in the road for the first time since Governor Raghuram Rajan took office amid much fanfare and started targeting inflation as the central bank’s primary mandate.

A bit of Greek clarity from an act of defiance

By Mike Peacock
June 5, 2015

People make their way past a stencil by street artist Flip in Athens

Greece’s decision to delay a 300-million-euro payment to the IMF today and instead try to meet all June’s payments at the end of the month was probably an act of bravado for domestic consumption but it also clarifies things.

Will Tsipras spring something in Riga?

By Mike Peacock
May 21, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in BrusselsGreek premier Alexis Tsipras is pinning his hopes on using an EU leaders summit in Riga with eastern European partners from Ukraine, Georgia, Azerbaijan and others to strike the broad outline of a cash-for-reforms deal to stave off default.

After the election shock, big questions

By Mike Peacock
May 8, 2015

Britain's PM Cameron arrives with his wife Samantha at Number 10 Downing Street in London

A surprisingly decisive election win for Britain’s Conservative party has cheered financial markets and will probably allow Prime Minister David Cameron to govern unencumbered by coalition partners.

Greece points finger of blame at its creditors

By Mike Peacock
May 6, 2015

Greek Finance Minister Varoufakis leaves the European Commission headquarters in Brussels

After another day of to-and-fro on Greece’s bailout, Finance Minister Yanis Varoufakis said he expected euro zone finance ministers to acknowledge next Monday progress towards a cash-for-reform deal, opening the way to easing Athens’ liquidity crisis.

IMF playing hardball on Greece

By Mike Peacock
May 5, 2015

A man holding a Greek national flag and a placard walks in Constitution Square in Athens

We’ve heard various dates for when Greece will run out of money and some have already passed without incident but it is clear Athens’ cash position is getting increasingly desperate and it hasn’t yet managed to win over its creditors with economic reform plans.

Last TV debate over, election run-in begins

By Mike Peacock
May 1, 2015

Britain's Prime Minister David Cameron gestures as he delivers an election speech at an engineering factory in Birmingham

With most of Europe taking May Day off, the focus is firmly on pre-election Britain.

Déjà vu? Fed may struggle to hike if U.S. optimism fades for H2

April 28, 2015

RTR4VVNE.jpgThe U.S. Federal Reserve may find it even more tough to raise interest rates as the year wears on if dwindling expectations for growth are any guide.

Tsipras talks up May deal with creditors

By Mike Peacock
April 28, 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

In his first major television interview since being elected in January, Greek premier Alexis Tsipras said last night he expected a deal with creditors by May 9 and that he would call a referendum if they insist on demands that the government deems unacceptable, leaving it to the Greek people to decide which way to jump.