EU carve-up
By Mike Peacock EU leaders meet for a summit at which they were supposed to decide who gets which European Commissioner posts – one for each member state – in what will be a huge carve-up, so huge in...
View ArticleEU slowly tightens screw
By Mike Peacock The EU is slowly tightening the screw on Russia, with senior officials proposing yesterday to target state-owned Russian banks in its most serious sanctions so far. Ambassadorial talks...
View ArticleEU forecasts put France, Italy under the microscope
By Mike Peacock After euro zone inflation ticked up for the first time in many months and the latest PMI surveys showed factory activity expanded only very slightly last month, today the European...
View ArticleAnother reverse for Greece with Berlin yet to come
By Mike Peacock Last night, after Greece’s new Finance Minister Yanis Varoufakis met Mario Draghi, the European Central Bank cancelled its acceptance of Greek bonds in return for funding, shifting the...
View ArticleTsipras not for turning
By Mike Peacock Alexis Tsipras is not for turning, not yet anyway. Speaking in parliament on Sunday night the new Greek premier said he would not accept an extension to Greece’s current bailout,...
View ArticleLong night of talks in Brussels and Minsk
By Mike Peacock A long night of talks in Brussels and Minsk. Despite going into the early hours of the morning, euro zone finance ministers failed to reach agreement on a way forward with their Greek...
View ArticleGreek talks about talks
By Mike Peacock The Greek standoff is coming to a head. A day after euro zone finance ministers couldn’t “even agree to disagree” Greek Prime Minister Alexis Tsipras, attending his first EU summit,...
View ArticleA moment of truth
By Mike Peacock A meeting of euro zone finance ministers is tasked with producing a deal to keep Greece solvent, which is acceptable to both sides. A similar meeting last week got nowhere despite seven...
View ArticleECB to fill in the QE gaps
By Mike Peacock The European Central Bank is holding its monthly meeting – an offsite gathering in Cyprus – and is about to commence its quantitative easing bond-buying programme. We can expect to get...
View ArticleLooking for Greek hints from ECB
By Mike Peacock It’s European Central Bank day and with quantitative easing now well underway any morsels it hands out on its approach to Greece are likely to capture the headlines. All sides seem to...
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