Friday, March 13, 2015

Economic News and Views ( March 13 , 2015 ) - Greece items ( Greece Government sets for conditions for seeking Referendum if negotiations with creditors fail , Greece makes latest debt payment of 350 M to IMF today , details on debt talks and Grexit odds increase , items on war reparations ) , Global debt hits 286 % of World GDP at a number staggeringly over 200 Trillion , Ruble strengthens after latest Central Bank interest rate hike , Euro sliding as to dollar once again


Tweets.....




Kremlin Rejects Rumor Of Putin Illness, Shows Footage Of Today's Meeting









govt spox: Referendum only if negotiations w creditors lead to dead end + they ask for new tough austerity measures







RUB actually strengthening after central bank cut rates as Exp. by 100bps, some had been looking for a deeper cut of 200-300bps






Global debt has risen from $87trillion in 2000 to above $200trillion by 2014. Current debt level stands at 286% of the world GDP





Via : Creditors suggested2 govt “if u face liquidity problems ,don't pay wages for a couple of months






RT : * MAKES EU350M REPAYMENT TO IMF: GOVT SPOKESMAN







This is still the best piece I have read about the Greek-German reparations dispute, by :





German TV being very open and honest about reparations for : we used legal tricks to avoid it. (in German)









"Should Germany be forced to pay reparations, cld exceed €525 billion, acc to latest estimates." To , that is.






's 5yr default probability jumps above 70% again as more than half of Germans think Greece should leave euro.







Investors price in higher risk. 's yield curve inverts further as 2yr, 3yr and 5yr yields jump.








's Coeure says ECB is not giving bridge loan to Greek govt.










Euro Resumes Slide After Goldman Cuts Forecast, Expects Parity In 6 Months; Futures Flat







Goldman lowers its EURUSD 3, 6 and 12 month forecast to 1.02, 1.00 and 0.95 from 1.12, 1.10 and 1.08 previously






PUTIN TO MEET RUSSIAN BUSINESS COMMUNITY ON MARCH 19: PESKOV. But the rumors...