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.

Greek roadshow

By Mike Peacock
February 2, 2015

French Finance Minister Sapin and Greek Finance Minister Varoufakis pose before a meeting in Paris

A week into government, Greek Finance Minister Yanis Varoufakis will be in London today for talks with investors and his British counterpart George Osborne. He will then fly to Rome where he will be joined by his prime minister, Alexis Tsipras, on Tuesday.

EU ponders another round of Russia sanctions

By Mike Peacock
January 29, 2015

Ukrainian servicemen sit atop an armored personnel carrier as they patrol Orekhovo village in Luhansk

EU foreign ministers hold an extraordinary meeting today after their leaders have asked them to consider possible new sanctions on Russia. A final decision to impose them is likely to be left to their bosses who meet in next month and again in March.

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.

Greeks vote again

By Mike Peacock
December 23, 2014

Greek Prime Minister Antonis Samaras is seen inside the parliament during Presidential vote

A second round of voting in the Greek parliament on the government’s nominee for president takes place today.

Russia’s plight

By Mike Peacock
December 22, 2014

Russia's President Putin chairs a meeting of the Security Council at the Russian defense control center in Moscow

Trying to predict the rouble’s path is a fool’s charter but it’s fairly safe to say it won’t return to a level that will take pressure off the Russian economy. It has opened 2 percent higher versus the dollar in Moscow this morning, mirroring a rise in oil from $60 a barrel.

The only way is down?

By Mike Peacock
December 17, 2014

A man walks out of a building past a board showing currency exchange rates in Moscow

No further dramatic interventions by the Russian authorities overnight with the result that the rouble has opened five percent weaker against the dollar in Moscow.

End game in east Ukraine?

By Mike Peacock
August 11, 2014

A Ukrainian serviceman sits on a military armoured vehicle near Donetsk

Ukrainian government forces say they are preparing for the final stage of recapturing the city of Donetsk from pro-Russian separatist rebels after shelling its outskirts and making significant gains over the weekend.

Octogenarian rekindles Italian hope

By Mike Peacock
April 22, 2013


The big euro zone development over the weekend was the re-election of ageing Italian President Giorgio Napolitano for a second term. The presumption is that to put himself through this again he must have got pretty serious expressions of intent from the warring political parties that they will strive for some form of grand coalition. That may have been made easier by the resignation of centre-left leader Bersani who was in danger of splitting his own caucus.