Impatient euro zone tells Greece to get on with it

By Mike Peacock
March 10, 2015

Greek Finance Minister Varoufakis walks past  Eurogroup Chairman Dijsselbloem at a euro zone Finance Ministers meeting in Brussels

The head of euro zone finance ministers urged Greece on Monday to “stop wasting time” and buckle down to serious talks on implementing a reform programme to secure urgently needed funds from its international creditors.

Euro zone data starting to surprise on the upside

By Mike Peacock
March 4, 2015

A truck passes through an electronic toll gate on the A10 highway south of Berlin

A day before the European Central Bank’s monthly meeting, service sector PMI surveys for euro zone countries will be scrutinized to see if they add to a developing trend of above-forecast economic data.

Whisper it, is the euro zone perking up?

By Mike Peacock
February 26, 2015

People walk into the the Mall of Berlin shopping centre in Berlin

The drama of Ukraine and Greece has left old-fashioned economic data in the shade so far this year but, quietly, there are some signs of improvement for the moribund euro zone economy.

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.

A moment of truth

By Mike Peacock
February 16, 2015

Greek Finance Minister Varoufakis holds his speech notes before a vote of confidence at the parliament in Athens

A meeting of euro zone finance ministers is tasked with producing a deal to keep Greece solvent, which is acceptable to both sides. A similar meeting last week got nowhere despite seven hours of talks.

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.

Long night of talks in Brussels and Minsk

By Mike Peacock
February 12, 2015

Eurogroup President Dijsselbloem greets Greek Finance Minister Varoufakis during an extraordinary euro zone Finance Ministers meeting in Brussels

A long night of talks in Brussels and Minsk.

Despite going into the early hours of the morning, euro zone finance ministers failed to reach agreement on a way forward with their Greek counterpart and will try again on Monday.

Varoufakis enters the lion’s den

By Mike Peacock
February 11, 2015

Greek Finance Minister Varoufakis holds his speech notes before a vote of confidence at the parliament in Athens

Greek Finance Minister Yanis Varoufakis enters the lion’s den today, attending his first meeting of euro zone finance ministers where he will spell out his plan to drop his country’s bailout and end austerity.

Tsipras not for turning

By Mike Peacock
February 9, 2015

Greek Prime Minister Tsipras delivers his first major speech in parliament in Athens

Alexis Tsipras is not for turning, not yet anyway.

Speaking in parliament on Sunday night the new Greek premier said he would not accept an extension to Greece’s current bailout, something the euro zone is urging him to do, and stuck with austerity-ending pledges such as giving free food and electricity to those who need it, reinstating civil servants who had been fired as part of bailout conditions and raising the minimum wage. Privatisations have already been halted.

Last-ditch Ukraine truce bid

By Mike Peacock
February 6, 2015

Members of the armed forces of the separatist self-proclaimed Donetsk People's Republic gather near a building destroyed during battles with the Ukrainian armed forces in Vuhlehirsk

After flying to Kiev to present a new peace plan, Germany’s Angela Merkel and France’s Francois Hollande will be in Moscow today for talks with Russia’s Vladimir Putin.