Fog of Negotiations: Greece and Germany Make Friendlier Noises, Restart Talks, But Press Reports Diverge: Afte... http://bit.ly/17seXTV
ECB urges Greek political deal as emergency cash line kept tight http://dlvr.it/8XF7QK
EU's Moscovici: Monday's Eurogroup meeting to be 'difficult, decisive' http://dlvr.it/8XBRln
Greek gov't spokesman: Greece will strive for deal by Monday http://dlvr.it/8X9Hx8
#Germany FinMin Spokesman Jäger Says The Only Way Forward Is Greek Programme Extension. /via @livesquawk #Greece #euro
"Not crucial to extend. One cld also agree to start discussions on new programme. That's a distinct possibility": EU official ~@SpiegelPeter
#EU official says ECB, IMF, EU all represented in Greek talks. ← But we're not allowed toi mention the 'T' word.
Greek bonds rally further, Yields slide. #Greece's 10yr yields drop 87bps below 10%, 3yr yields by 311bps below 15%.
Varoufakis insists on debt cut for #Greece, in Spiegel interview authorized Feb12: Greece never be able to carry current debt burden. (BBG)
Varoufakis in Spiegel: Troika members decent people but CIA also had very good people who engaged in waterboarding against their will. (BBG
German FinMin spokesperson: Greek program extension is 'the only way' forward. Modalities of program can be discussed. (BBG)
#Germany's Merkel Says Greece played only minor role at EU summit. Says 2 Possibilities For #Greece: Extend Program, Fulfill It By End-Feb.
Greece's PM: I Explained to Our Partners that #Greece Has a Plan to Exit Crisis. We Didn't Cover full Distance But We Covered Important Part
Greek PM Tsipras: The Troika And the Bailout As We Know It Don't Exist. Transition to New Greek Program Is the Sole Text for Deliberations.
Around the European Horn....
ECB: Banks to repay €16.2bn 2nd 3yr LTRO loans next week, bringing total repayment to €868bn. 1st LTRO expired in Jan
#Russia 5yr default probability has dropped below 30% as Ruble stabilizes around 65 per Dollar.
#Ukraine’s 5yr default probability at 84% as IMF's $40bn aid plan includes debt restructuring. http://www.bloomberg.com/news/articles/2015-02-12/ukraine-s-40-billion-aid-plan-opens-path-for-debt-restructuring …
Ukraine's new bail-out: The austerity to come | The Economist http://ow.ly/IXrLC
The #Eurozone depression in one chart: Industrial production was no higher in December than 15 years ago. (via HFE)
Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position http://tass.ru/en/economy/777470 …
Separatists Say Ukraine Not Following Minsk Accords: Interfax
Ireland looks set to seize the European Q4 growth crown, Italy the wooden spoon. http://on.ft.com/1B5tjWt
Syria applies for observer status at Shanghai security bloc — Russian Foreign Ministry http://tass.ru/en/world/777468
Global trade slowdown: India exports -11.2%, imports -11.4%.
Traders Lose Faith In BoJ As Another Weak Japanese Auction Sparks JPY, JGB Turmoil http://www.zerohedge.com/news/2015-02-12/traders-lose-faith-boj-another-weak-japanese-auction-sparks-jpy-jgb-turmoil …
Pakistan is bracing for a major water crisis http://nyti.ms/1J3Z9r0