A bit of Greek clarity from an act of defiance

By Mike Peacock
June 5, 2015

People make their way past a stencil by street artist Flip in Athens

Greece’s decision to delay a 300-million-euro payment to the IMF today and instead try to meet all June’s payments at the end of the month was probably an act of bravado for domestic consumption but it also clarifies things.

Can’t pay, won’t pay

By Mike Peacock
May 26, 2015

 

Latvian President Berzins welcomes Greek Prime Minister Tsipras at the Eastern Partnership Summit in RigaAfter many mixed messages in recent months, the Greek government seems to have alighted on one simple line: can’t pay, won’t pay.

Greece – a deal to be done?

By Mike Peacock
February 3, 2015

Greek PM Tsipras attends a memorial ceremony at the Imprisoned Graves in Nicosia

Greek Prime Minister Alexis Tsipras will visit Rome for talks with Italy’s Matteo Renzi and will be met there by his finance minister, Yanis Varoufakis, who has already been to London and Paris to try the scope for a new debt deal for Greece and reassure investors that there won’t be a default.

EU ponders new response to Russia

By Mike Peacock
January 27, 2015

A Ukrainian serviceman stands guard at his position in the village of Luhanska, Luhansk region

EU finance ministers meet in Brussels with Ukraine likely to be the centre of attention despite the electoral shockwaves emanating from Athens.

Game on in Greece

By Mike Peacock
January 26, 2015

The head of radical leftist Syriza party Tsipras waves to supporters after winning the elections in Athens

Syriza has fallen tantalisingly short of an overall majority, winning 149 of 300 Greek parliamentary seats and taking 36.3 percent of the vote, 8.5 points ahead of the New Democracy party of Prime Minister Antonis Samaras in what amounts to a decisive rejection of austerity.

Clean sweep for Draghi?

By Mike Peacock
January 23, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in Frankfurt

Mario Draghi’s peerless track record of eliciting the market response he wants remains unblemished after the ECB’s quantitative easing surprised on the upside – at 60 billion euros a month for at least 19 months it will exceed 1 trillion euros.

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.

EU talks investment, Germany balances budget

By Mike Peacock
January 13, 2015

juncker.jpg

The European Commission will unveil legislative proposals for its 315 billion euro investment plan and the findings of a public consultation on the investment elements of a planned EU-U.S. free trade deal which could significantly boost growth.

Europe reviews security

By Mike Peacock
January 12, 2015

French President Hollande welcomes Germany's Chancellor Merkel as she arrives at the Elysee Palace before the solidarity marchin the streets of Paris

After dozens of world leaders including Muslim and Jewish statesmen linked arms and led more than a million French citizens on a march through Paris, Europe has both security and social problems to face following last week’s Islamist attacks.

France grieves and questions

By Mike Peacock
January 8, 2015

Makeshift memorial is seen outside the Consulate General of France during a vigil for the victims of an attack on satirical magazine Charlie Hebdo in Paris, in San Francisc

The youngest of three French nationals hunted over the killing of 12 people at a satirical magazine turned himself in overnight. The police have named the trio, the two still at large are brothers Said and Cherif Kouachi.