Monday, April 20, 2015

Economic News , Data and Views ( April 20 , 2015 ) Greece updates ( State of play for Creditor talks , Overall Financial Picture , Grexit vs Default items ) ..... Broader Europe ( Finland Elections , QE effects , Brussels and EU ) .... Asia Watch - china in focus after 1 percent RRR Cut , moves from PBOC looming ?


Tweets.....






Greece short-term bond yields hit high






MNI: Greek talks have stalled the past 2 wks...no real progress on a technical level, no progress in collecting data or getting the numbers






Q1 cen gov prim cash surplus at €1.19 bln from €771 mln, Cash deficit at €918 mln from €1.14 bln last year. (BoG).







Feb C/A deficit at €929 mln from €729 mln last year. 2-month C/A deficit at €1.78 bln from €1.06 bln last year (BoG).






Greece: IMF loan grace period is two months






Signs the market is girding for a default, in 4 charts





The German political class is preparing for exit, by (in Gr via )




started with 44 of 69 accused present, core MPs & leader not present - Now in recess as 2 witnesses were attacked near court







JP Morgan said in February that Greek banks' collateral will run out by end of May










Greek banks low on refinancing collateral, Noyer tells Le Figaro





Moscovici says Greece must deliver reforms to stay in the euro zone







Golden Dawn trial, which began this morning, has been adjourned until May 7






Broader Europe....







One is wrong: ECB’S NOYER: GREEK EXIT WOULD BE TRAUMA FOR EURO AREA: FIGARO ... GREEK SITUATION CAN BE ISOLATED DIJSSELBLOEM TELLS TELEGRAAF







Belgium Sells 5-Year Bonds at Negative Avg Yield for First Time










Finns Must End Squabbles Over And Fix Own Woes, Centre Party's Olli Rehn Says /via &









“The most natural coalition would be with Stubb and Soini,” says a senior Centre party official.







Finnish Parliamentary Election's final results: Centre Party 49/200, True Finns 38, National Coalition 37, SDP 34.








is going to miss its own bailout deadline BUT another deadline emerges ahead of IMF repayment on May12th.

































Another week, a new deadline: Brussels' Group is hoping for a deal from by 11th May.






distorts bond markets in : 2yr yields negative/zero or 3.5% () or 25.6% ()





Asia.....








The Daily Shot; April 20, 2015: Global Macro Currents -




































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