Tuesday, March 10, 2015

Europe Economic Data , news and views ( March 10 , 2015 ) Greece moves from Monday's Eurogroup to technical talks as Greece tries to work toward deal with Troika on debt ( additional items on Greece ) ..... Euro sinks to fresh 11 year low below 1.08 to dollar... Industrial production data ( Italy , France , Finland ) .... QE watch - 7 year bund yields dips below 0 briefly ..... Denmark peg in doubt .... Italian bad loan rise , Italy sees its banks increase holdings of sovereign debt to record highs...... Additional items to ponder



Morning Tweets....





Mish's Global Economic Trend Analysis: From ZIRP to NIRP: Virtues of Germany vs. the Vices of Greece; What via





as low as 1.0739 a few mins ago.



Denmark Lifts Euro-Peg ‘Tsunami Warning’ as Speculators Defeated ... F5?


ECB frontrunning: record low yields in Germany, Austria, Belgium, Netherlands, Finland, Ireland, Italy, Spain




Futures Sell Off As Soaring Dollar Weighs On Risk, European Yields Slide To Fresh Record Lows












Varoufakis unsettles Germans with admission won't repay debts














EU MID-SESSION: USD-index extends gains, sending EUR/USD below 1.0800 and USD/JPY above 122.00










Austria's budget problem of course explains why it has refused to bail out HETA or honour Carinthia's guarantees. It can't afford to.





Italian Industrial Production (Jan) M/M -0.7% vs Exp. 0.2% (Prev. 0.4%) (





French Industrial Production (Jan) M/M 0.4% vs. Exp. -0.3% (Prev. 1.5%, Rev. 1.4%) () - beats low expectations






Finnish Industrial Production NSA (Jan) Y/Y -3.7% vs. Exp. 1.0% (Prev. -0.9%) () - well below expectations, continues to struggle






to have weekly review of banks (liquidity) needs instead of biweekly




Markets fed up with "time waster" Varoufakis. 's 10yr yields push 10% yet again.






gets to work. Citi reported buying in 7yr German Bunds. 7yr yields briefly turned negative.







Denmark's Euro peg looking increasingly fragile as CenBank can't continue accumulating reserves at current pace (BBG)









expecting Chinese T-Bill sale participation. China bought €100mln of T-bills in previous Greek auction.









melting lower on fresh vows. Has broken below $1.0800 and the low so far is 1.0783, fresh 11yr low.








GERMAN LAWMAKER FUCHS SAYS GREECE NEEDS OVERSIGHT OF FINANCES. And a few panzer divisions





Italy Bank Bad Loans Rose 15.4% Y/Y in Jan., Bank of Italy Says




ITALY SOV DEBT HELD BY DOMESTIC BANKS AT RECORD HIGH, BOI SAYS











Spain suffers big economic losses due to Russia sanctions — foreign minister







The situation is getting worrysome. Greek economy must be crashing as govt shutdown spreads. An accident could happen.







| CDU MP Fuchs says Grexit could be ‘managed,’ not afraid of exit but hopes stays ~BBG









Amateur hour RT : Govt Official Says Athens Ready To Propose Further Reforms To Eurogroup Immediately, If Needed









A bit surprised at how many finance mins using word "troika" on way into . Sign of their mounting frustration?








The is spearheading the liquidity squeeze for and it has little to do with the rules






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