Thursday, February 19, 2015

Europe Markets Report ( February 19 , 2015 ) -Update ( Germany rejects Greece Extension Request ) ...... Greece Extension Document Reveals Syriza Folds Under Troika Pressure ( agrees to extend current terms ( MOU ) , agrees MOU is binding , agrees to Troika monitoring ) ....... Russia Rolls Out Its SWIFT Alternative Months Early .... Items Touching On Broader Europe......



Tweets.....


Evening.......







VAROUFAKIS SAYS GREECE TO REJECT MORE AUSTERITY: TELEGRAPH, BBG









EUROWORKING GROUP ENDS; GERMANY, NETHERLANDS, FINLAND OBJECTIONS HAVE "EASED" - SOURCES - MNI








Finland Rejects Greek Proposal on Loans, Premier Stubb Says: YLE. ES +BTFATH again






Senior EU official: 'Progress made but yet no deal' with ~MNI /via






Working Group ends; closer to agreement, Greek positions largely accepted by majority: sources ~MNI /via





The Germans are much more reserved re any agreement in EWG. Apparently there are still pending issues.






BREAKING -- Greek officials say that a 'principal agreement' has been reached at the Working Group. |





Germany describes extension request “Trojan Horse”, Greece returns …the compliment







Berlin basically wants Tsipras to denounce that big speech he gave to Greek Parliament the other day





This Eurogroup is going to be a great fiasco. It should be canceled.














ECB ready to tell Greek banks to reduce holdings of country's sovereign debt







Morning....








Hit link above  if this doesn't play.....



















GREEK LETTER NOT IN LINE WITH AGREED EUROGROUP CRITERIA - JAEGER












The German government has rejected the Greek request for extension of financial assistance ~DPA /via The plot thickens!




The Greek gov't has blinked, now the Eurogroup needs to show flexibility and close a deal with .





Based on government sources, Syriza submitted request for loan extension that incorporates language rejected in last eurogroup leaked draft.




BREAKING: spokes says Juncker regards Greek request as "a positive sign, could pave the way for a reasonable compromise"





Full text: Greek request letter for loan extension [signed by Varoufakis]: ~RTRS






Greece blinks with one eye: asks to "proceed jointly to successful conclusion of present arrangements" -with which policies remains unclear






The key here is that from Germany's perspective, Greece has re-applied for the "program"







bailout extension document seen by shows Athens accepting terms, including troika monitoring, concluding bailout





Looking as if & folded in all but name & agreed extend current terms. If true, domestic fallout & party management difficult







EUROGROUP TO MEET ON FRIDAY TO DISCUSS GREEK REQUEST FOR BAILOUT EXTENSION - EURO ZONE SOURCE













Boom → recognises existing bailout agreement as binding in its financial and procedural content ~document /via






BoomBoom → says bailout extension would be monitored by the Troika ~Draft






RT Extension Request Proposes to 'Proceed Jointly to Successful Conclusion of Present Arrangements' --Official via






I feels *way* to much of a climbdown to be true ... Syriza could not survive this without a new election/refferendum







Is it me or has the Greek gov't just capitulated?









Greece aims to reach deal with eurozone lenders soon, says government spokesman





Eurogroup chief Dijsselbloem confirms eurozone finance ministers will meet in Brussels tomorrow








Wording of extension crucial. Won't be same b4. May request swapping loan conditionality frm MoU (as now) to certain principles set












": GREECE ASKS ECB TO RE-INTRODUCE COLLATERAL WAIVER: DRAFT"












UPDATE: ECB denies German media report that it wants Greece to bring in capital controls






FAZ article not too surprising - Were ELA to run out, it would likely require the introduction of capital controls at Greek banks






The ECB have extended the ELA to Greek banks by increasing it from EUR 65bln to EUR 68.3bln according to sources yesterday







Where Greece's bailout billions went, & who bailed whom RT : look at those two charts together







Why Greece Might Very Well Say “Goodbye To All That”









Broader Europe......





Russian PM Dmitry Medvedev orders humanitarian gas supplies to south-eastern Ukraine





Donetsk republic denies reports of switching to Russian gas






Hungary gives up reverse supplies of Russian gas to Ukraine — media






While on the brink of collapse, sold 10yr bonds at record-low yield of 1.616%.








Chart: French CPI -



RT : Government bond issuance is net negative in combined US, UK, Japan and Eurozone











Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels







Russia , China and Japan all dumped Debt , who was buying ?



































No comments:

Post a Comment