Wednesday, February 11, 2015

European Outlook ( February 11 , 2015 ) - As the New Greece Government participates in the Special EuroGroup Meeting today ( While Greek and Russia Foreign Minister also meet in Moscow ) , expect no new agreement at EuroGroup and the focus to shift to a more critical 2/16/15 Meeting ! Additional financial data / news and views touching upon Europe broadly !

Tweets.....



Greece......

EuroGroup items.....






Eurogroup Ministers to Syriza: Drop Dead: Even though the US has waded into the Greece versus Troika impasse t...











Dutch PM says debt write-down for or changes to the package are “not conceivable”






expecting southern solidarity? PM: "“Important for everyone in EU that Greece respect commitments”







GERMANY: EU PARTNERS WAITING FOR DETAILED PLANS FROM GREECE. as Greece waits for plans from EU








Senior German Off'l: Will Take Longer Than 24hrs To Evaluate Proposals From Greek Govt, Thus, No Concrete Decision Expected Today ~RTRS







gov't denies it is rowing back on privatisation cancellations, says will not sell off Piraeus & Thessaloniki ports ~







Dutch PM Rutte: Must Meet The Conditions Of Debt Deal /via







We will never accept gov claiming reparations from another EU member state.This is against the very foundation of the European Union












First sound bite: Dutch PM Rutte says debt relief for is unlikely scenario.






German Fin Min : if Greece does not want to stick to its commitments “then that’s it.”








Default on GGBs and you're cut out from markets for many years, default on IMF loans and you make enemies IMF's 187 member nations.






Weak spot in Greek govt's negotiating position towards the EZ is that default threat does not concern Eurozone loans but GGBs & IMF loans.






RT : The year ahead is one of heavy debt redemptions for Greece












Greece - pre- EuroGroup Meeting items....



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Russia's foreign minister Lavrov, in meeting w foreign minister Kotzias: "Russia would consider any requests for economic help from "




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Anti-austerity, pro-govt rallies called in major cities today, while the meeting will be convening










SYRIZA MEP Manolis says “divorced from reality” after German FM says reparations issues have been “legally settled”





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90% of Greeks agree new gov't must seek return of forced WWII loan & war reparations from : MegaTV/GPO poll










Greek stocks and bonds tank as says 'no way back' in bid to rewrite bailout deal. 3yr yields jump by 128bps.




















Russian & Greek FMs meet in Moscow








PREVIEW: Greek FM to meet with Eurogroup & discuss filling their financing gap. Includes timeline & possible options






raised €1.14 bln from 3-month T-Bill auction at a yield of 2.5% up 35 bps MoM.






Gurria says will work with to "strengthen reform programme," not replace troika







Tsipras: "We discussed with Mr Gurria that we have common targets and that we can cooperate"










Among those attending tonite's emegency is . Still, no deal expected. Crunch time is follow-on meeting Monday.






Greek PM receives invitation to visit China from Chinese counterpart Li Keqiang





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Sensible “: * Greek finance minister says we will not accept any part of the bailout that will increase our debt - RTRS”




Europe broadly.....





TROUBLE! 's Emergency Liquidity Assistance (ELA) Rises to 4 Month High.










Portuguese deflation continues. EU HICP consumer prices fall 0.4% year on year.






Denmark refuses T-bill bids, extending fight for the crown via





is getting paid more and more by investors to borrow: Sold 2yr Schatz at record low yield -0.22% at auction.







Ukraine FinMin told me earlier she thinks markets have overshot on hryvnia. Any buyers?







*SWEDEN SELLS 2019 BONDS AT AVG YIELD -0.0503% ; *SWEDEN AUCTIONS GOVT. BONDS WITH NEGATIVE YIELD FOR FIRST TIME




EUR/GBP FALLS TO 0.74023, LOWEST SINCE JAN. 2008