Tuesday, February 24, 2015

Eurozne Approves Greek Reform List , hard work just beginning ( February 24 , 2015 ) - Markets in Greece breath sigh of relief , beware views of Greek Street though ( treason call from some ) ......Looking down the road ( Dijsselbloem interview ) ...... QE ( how France benefits h/t Ed Hugh ) ......



Tweets.......


Evening Tweets.....




Athens wants to divorce the IMF, but the fund's still clearly in the bailout driver seat:








ND, PASOK see deal as step backward









Gov’t shifts focus to funding needs after list approved




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What, already: THIRD GREEK BAILOUT FOR EU20 BILLION TO START JULY: RHEINISCHE




Mutiny In Athens: Central Committee Member Slams Syriza Leadership Strategy Which "Failed Miserably"


Morning tweets......






Troika "Happy" With Revised List Of Greek Reform Promises: Full Varoufakis Letter








Greek government accused of 'treason' for reforms that include collecting taxes properly via





Athens Stock Index up nearly 7% on back of positive noises on reforms - banks also faired well since deal







Working out details of Greek reforms will take time, says Dijsselbloem



Greek finance minister's letter to the Eurogroup



(1) Now here's an interesting chain of thought. France currently issues around 90 billion euros in bonds annually to finance deficit.


(2) On a rough and ready calculation ECB will buy around 90 billion Euros worth of French bonds each year in both 2015 & 2016.


(3) As France is an ECB shareholder (or own NCB) interest payments on this debt will be returned.


(4) Conclusion: Extra debt to finance French deficit effectively comes free in 2015/16. This will continue as long as QE continues.






This list will be approved by the Eurogroup, even w reservations. It's much more comprehensive & detailed than what was 'leaked'.



German Vice-Chancellor Gabriel says he is "cautiously optimistic" that an agreement on will be reached (via DPA)






RT : : If 5th review on concluded successfully, we will come back to issue of Greek debt sustainability.




RT : DIJSSELBLOEM: CHANGES POSSIBLE IF RESPECTS MAIN TARGETS





RT : Post-programme surveillance in any case by troika, need 2 consider further support after the summer, says



All these Greek reform proposals look good. Other tweet to follow on more doubtful elements of plan




Ten Greek reform proposals that are too vague to determine if good or bad















Varoufakis' letter contains a lot of creative ambiguity. Leaves lots of room for Greece to tackle chronic issues & protect vulnerable groups
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Finland nixes vote on Greek reforms . Many previous reports of FinParliamant vote, such as







Eurogroup's Dijsselbloem: We're not preparing for a . 's yield curve flattens.