EU thinks again on Mediterranean operations

By Mike Peacock
April 23, 2015

Amnesty International volunteers place hundreds of ships with the writing "SOS Europe" on the beach of San Sebastian in Barcelona

EU leaders will hold an emergency summit in Brussels in response to a grimly increasing death toll among migrants trying to cross the Mediterranean from north Africa in search of a better life.

Hopes of Greek Riga deal fade

By Mike Peacock
April 21, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

It wasn’t long ago that both Greece and the euro zone declared a reforms-for-funds deal had to be struck at a euro zone ministerial meeting in Riga on Friday to avert disaster.

EU forced to confront Med migrant crisis

By Mike Peacock
April 20, 2015

A rescue vessel is seen during the search and rescue operation underway after a boat carrying migrants capsized overnight, with up to 700 feared dead, in this still image taken from video

EU foreign ministers will discuss action on migration across the Mediterranean at a meeting in Luxembourg today. As many as 700 people are feared dead after a fishing boat packed with migrants capsized off the Libyan coast over the weekend.

Merkel, seeking firm line with Russia, meets Poroshenko

By Mike Peacock
March 16, 2015

Ukraine's President Poroshenko addresses the commemoration for people killed in anti-government protests in 2014 in Kiev

German Chancellor Angela Merkel meets Ukrainian President Petro Poroshenko in Berlin.

Demand-led German recovery

By Mike Peacock
March 6, 2015

The factory of the company Kronospan is pictured during sunset at the east German town Lampertswalde

An economic trend, like a battle plan, often doesn’t survive the first engagement. Data from euro zone countries has generally surprised on the upside since the turn of the year with Germany leading the way. German growth was robust in Q4, with domestic demand to the fore.

The Greek plan is in, breath bated

By Mike Peacock
February 24, 2015

Varoufakis arrives at a news conference after an extraordinary euro zone Finance Ministers meeting in Brussels

Greece sent an economic reform plan to its EU and IMF creditors overnight, according to an EU source, and euro zone finance ministers will this morning see the list which is a condition for extending the country’s bailout programme by four months.

Greek talks about talks

By Mike Peacock
February 13, 2015

Greece's PM Tsipras addresses a news conference after an EU leaders summit in Brussels

The Greek standoff is coming to a head.

A day after euro zone finance ministers couldn’t “even agree to disagree” Greek Prime Minister Alexis Tsipras, attending his first EU summit, agreed that Greek officials would meet representatives of the European Commission, the European Central Bank and the IMF today.

Greece – a deal to be done?

By Mike Peacock
February 3, 2015

Greek PM Tsipras attends a memorial ceremony at the Imprisoned Graves in Nicosia

Greek Prime Minister Alexis Tsipras will visit Rome for talks with Italy’s Matteo Renzi and will be met there by his finance minister, Yanis Varoufakis, who has already been to London and Paris to try the scope for a new debt deal for Greece and reassure investors that there won’t be a default.

Rampant inflation to keep Russian central bank tight

By Mike Peacock
January 30, 2015

Russian roubles are seen in this illustration picture taken in Moscow

Russia’s central bank meets having shoved interest rates up to an eye-watering 17 percent late last year.
The central bank has said rates can only come down if inflation was trending lower. It was running above 11 percent last month and the government expects it to peak at 17 percent.

EU ponders another round of Russia sanctions

By Mike Peacock
January 29, 2015

Ukrainian servicemen sit atop an armored personnel carrier as they patrol Orekhovo village in Luhansk

EU foreign ministers hold an extraordinary meeting today after their leaders have asked them to consider possible new sanctions on Russia. A final decision to impose them is likely to be left to their bosses who meet in next month and again in March.