Putin faces the music

By Mike Peacock
December 18, 2014

Russian President Vladimir Putin attends a meeting at the Kremlin in Moscow

With a deep recession looming and the nose-diving rouble poised to push inflation through the roof, Russia’s Vladimir Putin faces the music at his end-of-year news conference when he will field questions from a studio audience as well as television viewers.

Russian currency crisis

By Mike Peacock
December 16, 2014

Russia's Central Bank Governor Nabiullina applauds during the VTB Capital "Russia Calling!" Investment Forum in Moscow

After the central bank dramatically raised interest rates by 6.5 percentage points to 17 percent overnight, Russia has given up any pretence that it is not in the grip of a currency crisis.

ECB numbers game

By Mike Peacock
December 11, 2014

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European Central Bank President Mario Draghi pushed the envelope as far as he could last week, saying a review early next year would decide whether money-printing to buy government bonds was needed. He said he didn’t need unanimity within the ECB to force it through.

Greek gamble

By Mike Peacock
December 9, 2014

Greek Prime Minister Antonis Samaras smiles during a news conference with Egypt's President Abdel Fattah al-Sisi and Cyprus' President Nicos Anastasiades after their summit at the presidential palace in Cairo

The Greek government has taken a huge gamble, bringing forward by two months to next a week a parliamentary vote on a new president. Two further rounds of voting will be held before the year-end.

Merkel raps Italy, France over budgets

By Mike Peacock
December 8, 2014

France's President Hollande talks with Italy's Prime Minister Renzi during the Asia-Europe Meeting (ASEM) in Milan

Euro zone finance ministers meet in Brussels to discuss member states’ 2015 budget plans. We know the European Commission thinks France, Italy and Belgium are breaking EU deficit rules but will defer decisions on any action until March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme.

Eyes on Weidmann for Draghi pushback

By Mike Peacock
December 5, 2014

Deutsche Bundesbank President Weidmann arrives for the annual news conference in Frankfurt

Bundesbank chief Jens Weidmann, German Finance Minister Wolfgang Schaeuble and his Italian counterpart, Pier Carlo Padoan, all speak at a conference in Frankfurt today.

To spend or save?

By Mike Peacock
December 2, 2014

French Economy Minister Macron and Germany's Economy Minister Gabriel arrive to attend a news conference to present the Franco-German report on economic reforms and investment in Paris

Germany’s finance and economy ministers and central bank chiefs meet in Berlin with plenty to discuss.

Euro zone litmus tests

By Mike Peacock
November 27, 2014

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Two vital gauges of euro zone progress, or lack of it, today.

German inflation for November is forecast to slip to 0.6 percent and will cue up the euro zone figure on Friday, which is predicted to come in at just 0.3 percent. Spanish inflation, due earlier, is forecast to come in at -0.3 percent.

EU investment plan; game changer or empty vessel?

By Mike Peacock
November 26, 2014

European Central Bank President Draghi and Eurogroup President -Juncker talk during a news conference in Nicosia, Cyprus

New European Commission President Jean-Claude Juncker will unveil his investment plan for the bloc to the European Parliament today which aims to generate 315 billion euros of investment and lift growth onto a higher plane. The details were put out last night and there’s no new money in it. Instead, 21 billion euros of funding is expected to leverage private investment of a whopping 15 times that amount.

Greek bailout pressure rising

By Mike Peacock
November 25, 2014

A Greek and an EU flag flutter in front of the temple of the Parthenon during the takeover ceremony of the six-month rotation of Greece's EU Presidency in Athens

Greece’s government will resume stalled talks with EU/IMF lenders in Paris today as Athens pushes to make an early exit from an unpopular bailout programme.