Friday, March 20, 2015

Economic News and Views ( March 20 , 2015 ) - Europe Summit as to Greece ( in one sentence ) Greece told to submit new list of reforms and implement them fast - for more cash ......Odds and ends from Asia


Tweets.....



Capital flight from Greece accelerates. Bank of Greece liabilities (Target2) rise to €104bn in Feb, highest since '12













Greece can receive funds as early as Apr8 if it presents bold package of reforms by end of next wk that will convince Eurogroup, MNI reports







Varoufakis discusses Greek-German relations on his blog






Eurogroup could meet as early as Mar27 on . Could give Greece €1.9bn from ECB's bond buying program SMP, BBG reports.





  retweeted






pays €340mil








Buzz that if does indeed step up cooperation w/institutions on ground in after summit, could be held Fri






Why all the drama? Wasn't last night's mini summit a deja vu of feb 20 minus the ?









"Come up with a reform plan if you want more money to stay solvent. And do it fast"









govt spox says reform list won't include recessionary measures, ruled out new taxes. "We are not moving to this direction"








govt spox says yesterday was made a significant step, but not the final, govt is satisfied w the results







Greek-style populist upset in unlikely as radical left Podemos way behind Pro-Euro-parties. (via Berenberg)






to draft reform plan within days. Mkts not convinced, default risk continues to rise.








Japan and Australia are ignoring warnings from the US not to join China's new bank via










CHINA FACES LARGE DOWNWARD FOREIGN TRADE PRESSURE: OFFICIAL. According to US economisseds it's called "winter"







In other news, Kuroda says no sign of 'currency war' brewing in world










TUSK, JUNCKER SAY GREECE TO PRESENT FULL REFORM LIST IN DAYS. Who will write this one?










MERKEL SAYS GREEK TALKS DIDN’T DISCUSS SPECIFIC NUMBERS. How about part-time German tourist tax collectors