Tuesday, March 3, 2015

Europe Watch ( March 3 , 2015 ) - Greece in focus on potential third bailout concerns , concerns on Greece reaching a deal with its creditors , funding issues for March , political concerns ....... Currencies in focus - Turkish lira hits new low vs dollar , Ukraine hyyvnia jumps as Ukraine Central Bank to hike refi rate 30 percent from Wednesday ...... QE looms from the ECB and negative interest rates new normal for EZ bonds ........ US to deploy battalion to Ukraine ......



Fitch: Failure by to reach a durable agreement with rest of zone would lead to a rating downgrade /via

's bonds rally after talk of third bailout /via

Mish's Global Economic Trend Analysis: Greece Accuses Spain and Portugal of Conspiracy; 3rd Greece Bailout via

European BankingAuthority EBA decided not to carry out an EU-wide stress
test in 2015(next 2016)

Incredible pressure on Greek gov't this month to find funding to meet obligations. The numbers are very tight

Greece approved as recipient of EBRD funding through 2020

S&P: "ECB QE might have already blown €92bn hole in defined-benefit pension plans by depressing bond yields"

Turkish Lira weakens to lowest level vs Dollar as consumer price inflation accelerated more than est in Feb.

's Hryvnia jumps by 8% as Ukraine Central Bank to raise Refi Rate to 30% from Weds.

Minus is the new normal. sells 5yr Bonds at -0.038%, First negative yield at an auction ever.

Despite Russian Warnings, US Will Deploy A Battalion To Ukraine By The End Of The Week

Varoufakis was foolish to say govt might a) not be able pay IMF b) introduce extraordinary tax. Such statements could trigger deposit flight

Only I never said that Hugo.... Your Greek needs some brushing up (or better sources)

. Yani: I just tweeted three links which suggest you did say you might impose special tax & had problems paying IMF

Varoufakis tells Skai on Sat he may impose special tax "Εάν χρειαστεί να βάλω έκτακτο φόρο γι’ αυτό, θα το κάνω"

"we will definitely have a problem in repaying installments to the IMF now" tells Alpha last Wed

CORRECTION: said we definitely have problems paying IMF not we might not be able to. Still think remark unwise.

Greek Kolotumbas Increasing at Disconcerting Rate: I'm at risk of getting whiplash from watching the speed at ...

RT : Eurozone break-up fears hit two-year high - business live

Chart: Greek bank index tanks 10% today as deposits leave the country. Here is the longer-term history of the index -