Friday, February 20, 2015

Europe Report - ( February 20 , 2015 ) Greek talks with Troika aka " Institutions " in focus before critical Eurogroup today - trial balloons floated as well as comments from different actors seem to indicate no deal today ...... Europe PMI data shows some modest improvement for January , PPI for Germany slightly worse than expected ( deflation watch ) .....



Tweets.....



Greece’s Fate in ECB’s Hands if Eurogroup Talks Fail: As most readers know well, Greece made concessions yeste...






FinMin Varoufakis to meet w Dijsselbloem, German FinMin Schäuble & IMF's Lagarde b4 EG mtg ~ ht



"IMF thinks the Eurozone can withstand Grexit" ~Der Spiegel




German-Led Block Willing To Let Greece Leave Euro, ECB Preapres For Grexit

















FTW: EU Says Confident Greek Deal Possible in Foreseeable Future





EU SAYS GREEK DEAL POSSIBLE `IF EVERYONE IS REASONABLE' Subsummiting Greece






And just in case... Euro zone may need extra summit to clinch Greek deal:






Greek bank deposit outflows accelerated to over 1 billion euros over the past two days- RTRS







Schäuble: 'A great many issues need to be cleared up. The problem is not what is in Greek letter but what is not in it' ~







Tsipras Says Has Done ‘Everything Possible’ To Reach Mutually Beneficial Solution ~RTRS





ΜT EU Commission: Oettinger comments on that EZ summit may be needed r private opinions not agreed w Comssn or Juncker






It is now obvious that if no agreement reached today in , Tuesday will be a very tough day for .












The Logic of Greece’s Request for a Loan Agreement Extension: Yves here. There's been a heated debate among me...




Merkel: Greece's extension request is insufficient but it is a "good signal" and there is scope for further negotiations (DPA)




EU's Oettinger: The Greeks behaved like elephants in a china store, they destroyed trust, they used tactics. Now they realize hard numbers.




Austrian Finance Minister says Greece must respect bailout terms





Why Germany might not be bluffing with Greece








Greece hopes for solution, still opposed to bailout, spokesman says










French Composite PMI (Feb P) M/M 52.2 vs Exp. 49.8(Prev. 49.3) - driven by services PMI strongly beating expectations ()




German PPI (Jan) Y/Y -2.2% vs. Exp. -2.0% (Prev. -1.7%), M/M -0.6% vs. Exp. -0.4% (Prev. -0.7%) ()





Eurozone flash manufacturing PMI unchanged (& weak) in Feb (51.1 vs 51 Jan). Suggests pick up in capex not imminent.







Eurozone Feb flash composite PMI at 7 month high. 53.5 vs 52.6 Jan. Largely due to improved services.
















German Government united in position on , spokesperson says: Substance of Greek Proposal Not Sufficient to Extend Aid.





Tsipras-Merkel phone call at Tsipras' initiative, German spokesperson Wirtz says. No difference between Schäuble, Merkel on . (BBG)




will request EU summit should Eurogroup talks fail, a top ranking SYRIZA official has told dpa.




Periphery bonds steady before Eurogroup talks.








"Norway’s junk bond market has ground to a halt" - head of investment banking at DNB