ECB’s ‘whole menu’ bereft of new dishes

October 28, 2015

A freelance journalist eats his dinner behind a note advertising a "crisis menu" in a restaurant in SibiuECB President Mario Draghi’s ‘whole menu’ of monetary policy options to spur lending and boost euro area inflation from below zero appears to have few new dishes, if any at all.

More ECB QE? Perhaps best when the Fed raises

October 22, 2015

Those clamouring for the European Central Bank to ramp up its 60 billion euro per month stimulus programme will have to wait until December.

Euro zone’s best growth days may already be in the rear-view mirror

August 21, 2015

The latest euro zone flash purchasing managers’ indexes may have surprised slightly on the higher side, but many are still not convinced that better economic growth is coming later this year.

Grexit polled probability strikes danger zone for the first time

June 30, 2015

Man walks by a bank in Athens, GreeceWhile Greece has been trapped in the clutches of an economic and sovereign debt crisis for half a decade, it has only been over the last month that the risk of leaving the euro has risen so dangerously high.

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.

Euro zone private lending set to take a small, but crucial, step up

March 23, 2015

RTR4MHNF.jpgThe recent green shoots emerging out of the euro zone economy could look a little more leafy on Thursday when data is likely to show a long-awaited recovery in private bank lending is starting to pick up pace.

Euro may not be on a one-way road to parity

March 17, 2015

RTR4SXKP.jpgSigns the euro zone economy may have turned a corner just as many begin to question the timing of a U.S. interest rate hike could soon put a floor under the euro after a 13 percent plunge so far this year.

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.

Ukraine to get serious money

By Mike Peacock
March 12, 2015

International Monetary Fund Managing Director Lagarde speaks about the situation in Ukraine at a news conference in Brussels

The International Monetary Fund surprised on the upside with its programme for Ukraine last night, agreeing $17.5 billion in loans as expected but agreeing to pump $10 billion of that into the near bankrupt country over the next year and handing over $5 billion imminently.

Talking Turkey

By Mike Peacock
March 11, 2015

Turkey's President Tayyip Erdogan arrives for a welcoming ceremony at the Presidential Palace in Ankara

Turkish Central Bank Governor Erdem Basci will brief President Tayyip Erdogan today about sharp falls in the lira of about 12 percent versus the dollar this year which have not been helped by Erdogan’s criticism of monetary policy.