Pre-summit discord

By Mike Peacock
June 27, 2012

There is an unusually public level of disagreement going into a key euro zone meeting. EU leaders aren’t helping to foster a sense of united purpose which could calm investors a little.

Shifting euro zone sands

By Mike Peacock
May 23, 2012

A telling moment. Before pretty much every showdown EU summit since the debt crisis exploded into life, the leaders of France and Germany have got together beforehand to agree a common strategy. It is a truism that the European motor only works efficiently when its two biggest powers are in accord.

All eyes on Wednesday EU summit

By Mike Peacock
May 22, 2012

After last week’s hefty losses, European stock gained yesterday and are up up again this morning, denoting some optimism about the Wednesday supper summit of EU leaders, which might well be unrealistic.

Merkel under pressure … but unbending

By Mike Peacock
May 21, 2012

Some interesting events to  ponder over the weekend, though not many of them came from the G8 summit which, as is customary, was strong on rhetoric but bare of any specific policy measures to tackle the euro zone crisis. However, markets seems to have tired of their panicky last few sessions. German Bund futures have opened lower as investors took profits rather than seizing on any positive news. European stocks have edged up.