Thursday, March 19, 2015

Economic News , Data and Views ( March 19 , 2015 ) - France limits cash transactions to 1000 euros .... As European Summit opens , Greece situation will be in focus - even if relegated to sideline discussions ( tweets from John Ward , Loukia Gfytopoulou , Greek Analyst , Yannis Kouts , Nic Malkoutzis , Holger , ZH , RanSquawk and more for your consideration ) ..... Euro , Bund , ECB in focus ( yes , there is non greek news in Europe ) .....


Mish's Global Economic Trend Analysis: Cash Dinosaur: France Limits Cash Transactions to €1,000, Puts Rest. via

Poll by for In an in/out of euro referendum 61.2% would vote to stay, 32.5% to leave

Poll by for 70,7% of Greeks want comprise w/ EU 26,6% want collision

Poll by for How do you view of the gov? Positive 59,8% (was 83.1% on Feb13) Negative 37,7% (was 13.6% on Feb13)

Dpt PM rules out election and referendum scenarios

Dpt PM says is neither his nor the govt's scenario

Dpt PM says liquidity issue is not a big problem and proposals for resolution will be made

needs EU lenders' cooperation to avert a cash crunch - deputy PM via

bank deposit outflows spike again: €350~400ml on Wed, highest since Feb 20 agreemnt ~

Greece: The moment of truth is inexorably approaching. on Tsipras's ltd options

Dep PM says will negotiate with lenders over gov't plan not to use privatisation receipts just to pay debt

Dep PM says growth of 1.5% & primary surplus target of 1 to 1.5% of GDP are achievable this year if no further shocks

Greek Dep PM "Some people who want to hurt gov't do it via Varoufakis. I wouldn't have made different decisions at Eurogroups"

Greek Dep PM says there are "positives & negatives" to Varoufakis transition from academia to politics

ECB TLTRO allotment: EUR 97.848bln vs. Exp. EUR 40bln

Greek default probability hits fresh highs as Greece is running out of money & friends after talks w/ IMF collapsed.

back now to where we were before FOMC last night as senamigams around Greece trigger another sell-off.

Repeat: I will never sell Bunds….as shorting bunds is widow-maker trade. 10yr bund yields hit fresh lows. (via Citi)

EU's Schulz warns before summit Greek finances 'dangerous.' 's yield curve tells story.

EU to tell Greece time, patience running out

Merkel looking forward to tough talks with Tsipras in Berlin

Greek banks had deposit outflows of €300MM on Wednesday: RTRS

"Bulletproof" Fortescue Pulls $2.5 Billion Offering Amid Slumping Iron Ore Prices

Technical Talks on Greece’s Bailout Not Going Well, Officials SayEuropean Commission, ECB and IMF complai...