Tuesday, April 7, 2015

Economic News , Data and Views ( April 7 , 2015 ) Greece updates of note ( Greece FN M travels to Paris today after visiting DC for IMF and Treasury Meetings this Sunday / Monday , Trade deficit numbers continue in reverse for Greece , Greece's PM In Russia for Meetings - but not requesting loans ? Germany denies Greek reparations claim of 279 BN ) Spain sees a negative interest yield on 6 month debt auctioned today ...... Turkey's lira under pressure ...... Additional items of note for today !


Tweets......




Putin, Greek PM to discuss food embargo, financial issues. On May 9 Putin and Tsipras plan another meeting.





Putin, Greek PM to discuss food embargo, financial issues - Kremlin



US Wants to Mediate Talks Between , International Creditors -






dpa news - Germany rejects Nazi compensation claim as Athens rejects tax hike







Coalition to hire 12,000 in public sector this year







Chinese-led financial world order is emerging to challenge the IMF and World Bank:





" A number of European officials have acknowledged that the new debt incurred by Greece was to keep its creditors whole" -





Schulz warns to stick to EU's line on sanctions: "We demand solidarity from Greece" /via





Athens scrapes together cash for April but default looms in May. 's CDS spell trouble.








ERDOGAN: IRAN-TURKEY SHOULD TRADE IN THEIR OWN CURRENCIES; ERDOGAN: WE SHOULDN'T STAY UNDER PRESSURE OF EURO OR DOLLARS:BBG






German economy minister says it is 'not clear' how to keep helping Greece









's Avramopoulos meets Tsipras, says "it's unthinkable that a Greek gov't would lead out of the zone"










Greek finance minister heads to Paris






Greek minister: Stunning evidence for German war reparations


































2-mon Trade Deficit -24.3% to €2.7 bln, Exports -7.6%, Imports -15.3%. (ELSTAT)








GREECE DIDN'T REQUEST FOR LOANS AS FOR NOW: RUSSIA'S SILUANOV











auctions T-Bills w/ negative yield for first time. Sold €0.725bn of 6-Month Bills at yield -0.002%.







Eurozone recovery to date largely a question of two countries - Spain & Germany. Will it last?








Eurozone Composite Output Index at 54.0 (53.3 in Feb), Services Business Activity Index at 54.2 (53.7 in Feb)






As services & composite PMI's trickle in, here's my summary of manufacturing ones for those who were on holiday






  retweeted












































With a default off the table for now, Greece has two weeks to get serious, says

















Greek assets rise as 's officials promise IMF payment. FTSE Greek banking index up 3%, 3yr yields down 37bps.






























Varoufakis extends Washington DC charm offensive after talks w/ Lagarde as the money runs out.








Australia Regulator Furious As Central Bank Decision Leaked To HFTs For Third Time











This is what the Treaty of Lisbon says about capital controls (note the highlighted part)






Legally, the EC has authority under the Lisbon Treaty to impose capital controls, if deemed necessary