As window closes, Greek activity picks up

By Mike Peacock
June 3, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in BerlinIt’s still not clear if a Greek deal will be done but the pace of activity has certainly picked up.

Greek money seems close to running out

By Mike Peacock
May 25, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in Brussels

The smart money has always been on a last-minute deal being done to keep Greece afloat with Athens making most of the concessions and the euro zone and IMF bending only a little. But the chances of a car crash are growing as each day passes.

Cameron begins his Scottish dance

By Mike Peacock
May 15, 2015

Scotland's First Minister Nicola Sturgeon and Britain's Prime Minister David Cameron pass each other as they pay tribute at the Cenotaph to mark the 70th anniversary of VE Day in London

British Prime Minister David Cameron will hold talks in Scotland with the other big winner in last week’s elections, Scottish nationalist leader Nicola Sturgeon, who has already warned him it cannot be “business as usual” with Scotland.

Another missed Greek opportunity?

By Mike Peacock
May 11, 2015

Greek Finance Minister Varoufakis leaves the European Commission headquarters in Brussels

What had been billed as another defining moment in the Greek saga now looks like it will be another missed opportunity.

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.

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.

Greeks on tour

By Mike Peacock
February 4, 2015

Greek Prime Minister Tsipras gestures during a news conference with his Italian counterpart Renzi at Chigi palace in Rome

The Greek roadshow continues with Prime Minister Alexis Tsipras in Brussels to meet European Commission President Jean-Claude Juncker. After that, he will head to Paris to see French President Francois Hollande.

Russia invites new sanctions

By Mike Peacock
January 28, 2015

Ukrainian servicemen stand guard on a street near the burning building after a shelling by pro-Russian rebels of a residential sector in Mariupol, eastern Ukraine

Ukrainian separatists said they had pushed government troops out of two districts on the outskirts of their main stronghold Donetsk and their aim was to expand control to the entire eastern region.

Crunch time

By Mike Peacock
January 22, 2015

ECB President Draghi addresses during ECB news conference in Frankfurt

The biggest policy decision of the year? The first U.S. interest rate rise may trump it whenever it comes and the Swiss National Bank has set the bar pretty high but an awful lot hangs on what the European Central Bank comes up with today.

Ripples from ECB even before it acts

By Mike Peacock
January 20, 2015

Draghi.jpg

The prospect of dramatic European Central Bank action – coupled with the deflationary threat posed by a plunge in the price of oil and the pain it inflicts on oil producing countries – is putting the financial system under growing stress.