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.

Greek drama shifts to Washington

By Mike Peacock
April 16, 2015

German Finance Minister Schaeuble attends news conference in Berlin

Much of the action switches to Washington where G20 finance ministers and central bankers are gathering for the IMF’s spring conference.

Looking for Greek hints from ECB

By Mike Peacock
April 15, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in FrankfurtIt’s European Central Bank day and with quantitative easing now well underway any morsels it hands out on its approach to Greece are likely to capture the headlines.

Completing the Q1 euro zone picture

By Mike Peacock
April 7, 2015

Shoppers look for goods in a Karstadt hot deal department store in  in Frankfurt/Oder

Service sector PMI surveys for euro zone members, Britain and others in March will complete a first quarter picture which has generally shown the currency bloc outperforming the United States and China.

Reading the ECB runes

By Mike Peacock
April 2, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in Frankfurt

The European Central Bank will release minutes – or what it likes to call its account – of the last policy meeting after which it launched into quantitative easing.

Greek plan – a detailed programme or vague list of ideas?

By Mike Peacock
March 30, 2015

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

The Greek government has sent a reform package to its EU and International Monetary Fund creditors, hoping it will unlock desperately needed funds to stave off bankruptcy.

Yemen slides into civil war

By Mike Peacock
March 26, 2015

A Houthi fighter walks on a vehicle damaged by an air strike at a residential area near Sanaa Airport

Dramatic escalation in Yemen overnight with Saudi Arabia and its Gulf allies launching military operations including air strikes in Yemen to counter Iran-allied forces besieging the southern city of Aden where the U.S.-backed president is holed up.

Waiting for the Greek list

By Mike Peacock
March 25, 2015

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

The Greek government could produce at any time a list of economic reforms which it hopes will prompt a flood of funds from its creditors.

Tsipras seeking mercy from Merkel

By Mike Peacock
March 23, 2015

Greece's PM Tsipras, EU Parliament President Schulz and Germany's Chancellor Merkel attend a EU leaders summit in Brussels

Greek Prime Minister Alexis Tsipras meets Angela Merkel in Berlin late today.

The strategy in Athens seems to be to seek mercy from EU leaders, going over the heads of euro zone finance ministers and the European Central Bank and IMF, hoping that they will see the broad political cost of a Greek collapse rather than focus on the nitty gritty of funding and required economic reforms.
That doesn’t look like a winning strategy.

Differing accounts after late-night Greek talks

March 20, 2015

Hollande, Merkel, Dijsselbloem, Juncker, Tsipras, Tusk and officials during an EU leaders summit in Brussel

After late-night talks in Brussels with key EU leaders and institutional chiefs, Greek Prime Minister Alexis Tsipras assured his creditors that he would soon present a full set of economic reforms in order to unlock cash to stave off bankruptcy.