Greece points finger of blame at its creditors

By Mike Peacock
May 6, 2015

Greek Finance Minister Varoufakis leaves the European Commission headquarters in Brussels

After another day of to-and-fro on Greece’s bailout, Finance Minister Yanis Varoufakis said he expected euro zone finance ministers to acknowledge next Monday progress towards a cash-for-reform deal, opening the way to easing Athens’ liquidity crisis.

David Cameron’s stick or twist dilemma

By Mike Peacock
April 27, 2015

Britain's opposition Labour Party leader Ed Miliband speaks at an election campaign event in north London

To a collective sigh of relief, Britain’s political parties enter their last full of week of campaigning ahead of May 7 elections. There have been endless talking points but as yet no turning point.

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.

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.

Bibi rides again

By Mike Peacock
March 18, 2015

Israeli Prime Minister Benjamin Netanyahu waves to supporters at the party headquarters in Tel Aviv

Not for the first time, Benjamin Netanyahu has defied the odds and snatched electoral victory from the jaws of defeat.
Israeli opposition leader Isaac Herzog has just conceded although he has not given up hope of forming a coalition government if Netanyahu fails to.

Decision day in Israel

By Mike Peacock
March 17, 2015

Combination picture of Isaac Herzog, co-leader of the centre-left Zionist Union party, and Israeli Prime Minister Benjamin Netanyahu

Israelis are going to the polls with the last opinion polls suggesting momentum had shifted to opposition Zionist Union after weeks of running neck-and-neck with Prime Minister Benjamin Netanyahu’s Likud.

Turkish interest rate standoff

By Mike Peacock
March 3, 2015

Turkey's President Tayyip Erdogan gestures during a conference at the Foreign Affairs building  in Mexico City

Turkey’s central bank releases minutes of its last meeting at which it cut interest rates by a quarter point.

Greece: A game of chicken

By Mike Peacock
January 19, 2015

Alexis Tsipras, opposition leader and head of radical leftist Syriza party, looks on as he speaks during a party congress in Athens

With six days until elections, the polls have been remarkably steady in Greece, giving anti-bailout Syriza a narrow but consistent lead that suggests this time next week it will be the largest party in parliament with a mandate to form a coalition government.

Day of reckoning for Greece

By Mike Peacock
December 29, 2014

Greece's PM Samaras addresses the audience during the Economist Conference on "The big rethink for Europe, the big turning point for Greece" in Athens

Greek Prime Minister Antonis Samaras faces a final parliamentary vote on his presidential candidate. Lose and he will have to call snap elections early next year which polls suggest anti-bailout Syriza would win. A result is expected around 1100 GMT.