Catharsis Ours: Economic News and Views ( May 29 , 2015 ) -Broader Europe Updates ( Ferro Morning Note , Gazprom Comment on Ukraine Gas Debt , Ukraine offers coupon cuts - 10 year extension on debt , Swiss Economy Shrinks , UBS/ Julius Baer / Bank Hapoalim Involved in FIFA Scandal , G-7 Items , Spain Items of Interest , EFSF 30 YR Spread To Bund Explodes , Additional items of note ) ...... Greece Updates and Items of Interest ( Creditor Talks Items - internal and external to Greece , Varoufakis comments of the day , Bank Data items of note , Odds and Ends )

Tweets....

FYI- More tweets intraday at tweet feed ....

Broader Europe...

#Russia's Gazprom Says Ukraine's Total Gas Debt is $29.5 billion http://tmt-go.ru/522583  #news

‏@russian_market

Ukraine offers coupon cuts, 10-year extension. 

- Oops 

‏@russian_market

I think Ruble is reacting to yesterday's Poroshenko debt moratorium announcement. #USDRUB 53.21 Ukraine bonds -2.11%

‏@FerroTV

Morning Note: 1. BoJ inflation gauge back at zero. 2. Swiss 1Q GDP -0.2%. 3. How many terms does Sepp want? 

‏@russian_market

These Swiss Banks were allegedly involved in FIFA corruption:

- UBS
- Julius Bäer
- Hapoalim (Zurich)

http://blick.ch/3806826  (via @Blickch)

Jonathan Ferro retweeted

‏@ecoeurope

#Swiss Economy Unexpectedly Shrinks as #CHF Stymies Exports http://bloom.bg/1ABoFAv  via @cbSwiss 

‏@Simon_Nixon

Strong support among officials at G7 in Dresden for my call for EU to offer Greece take it or leave it deal http://www.wsj.com/articles/time-politicians-handed-greece-an-ultimatum-1432759411?mod=e2tw …

Wall Street Journal

Time Politicians Handed Greece an Ultimatum

By Simon Nixon @Simon_Nixon

Time may have come for the eurozone to offer Greece a political solution

View on web

The Greek Analyst retweeted

‏@Simon_Nixon

Literally no one at G7 in Dresden thinks this is true this. Everyone agrees two sides still miles apart.  

Yannis Koutsomitis @YanniKouts

#Greece FinMin says very close to completing Greek program review; Greek talks have new developments every day ~@vimafm

‏@Schuldensuehner

#Greece to top agenda on last day of #G7 talks. Greek 2yr yields have dropped on deal hopes. http://www.dpa-international.com/news/international/45403301 … 

‏@TheLocalSpain

"We have a serious final assembly quality problem," admits Airbus after #Seville #A400M crash http://bit.ly/1KsNWgk  

‏@thespainreport

Trade union CC OO says this is an image showing the "massive document destruction" taking place at Madrid City Hall. 

‏@thespainreport

Spanish trade union CC OO denounces "massive document destruction" at Madrid City Hall: http://cadenaser.com/emisora/2015/05/28/radio_madrid/1432829843_868908.html …

‏@thespainreport

More photos of the drought at the Amadorio resevoir, via Spain Report reader @Frererabit.  https://geogblogcostablanca.wordpress.com/geography-costa-blanca/regional-local-hydrology/amadorio-reservoir-orxeta-28th-may-2015/ … 

‏@Schuldensuehner

EFSF 30yr spreads to #Germany have exploded as loans to #Greece are 77% of the assets of #EFSF. #Grexit 

‏@fwred

Strong rebound in German retail sales. Upside surprises to inflation, Spanish version. What else?

‏@minefornothing

Contributions to Q/Q Italy GDP growth in Q1

Private Consumption -0.1%
Investment +0.3%
Government +0%
Inventories +0.5%
Net Exports -0.4%

Greece.....

Frederik Ducrozet retweeted

‏@Elbarbie

Greek authorities have till the end of next week to reach a deal with creditors for a disbursement to take place in June. #Euroworkinggroup

23 retweets9 favorites

‏@GreekAnalyst

#Greece MinFin Varoufakis: "ENFIA is an obnoxious tax; *not* yet decided whether we're going to keep it yet; still part of negotiations."

Fabrizio Goria retweeted

‏@mhewson_CMC

*VAROUFAKIS SAYS THERE WILL BE NO LEVY ON BANK TRANSACTIONS - blah, blah, blah

The Greek Analyst retweeted

‏@telloglou

"Bullshit",the reaction of an unnamed repr of the Inst to the question :Is a conclusion of the negotiat.imminent via 
http://www.sueddeutsche.de/wirtschaft/g-treffen-warten-auf-taten-1.2498473 …

‏@GreekAnalyst

#Greece MinFin Varoufakis says the institutions still want permanent recessionary measures (such as on VAT tax); GR opposes those. @vimafm

The Greek Analyst retweeted

‏@Dealingroom1

*SAPIN SAYS EUROPE NEEDS GREECE DEAL WITHIN 'DAYS OR WEEKS'

Open Europe retweeted

‏@LondonerVince

IMF Director Lagarde on #Greece: "It's very unlikely that we'll reach a comprehensive solution in the next days". (interview with @faznet

‏@russian_market

Varoufakis says Greece, creditors have agreed on most issues.

- Let's wait for Schäuble's denial

‏@russian_market

Varoufakis says Greek talks have new developments every day - VIMA Radio

- are you taping all the talks again, DJ Varoufakis?

‏@ekathimerini

Next Greek aid program isn’t on table yet, says Moscovici http://dlvr.it/B1JJT2 

‏@ekathimerini

Greece creditors say no deal near as G-7 frustration vented http://dlvr.it/B1JFDG 

‏@ekathimerini

Only Greece can end its miserable 'Groundhog Day' http://dlvr.it/B1JHZB 

‏@YanniKouts

#Greece FinMin Varoufakis says Greek gov't aims for one comprehensive agreement with the creditors that will involve debt relief ~@vimafm

‏@GreekAnalyst

#Greece MinFin Varoufakis, when asked whether we got the money to pay the IMF, he says "let ME the MinFin worry about this, not the people!"

‏@russian_market

Varoufakis says Greece will not accept recessionary measures.

Minutes earlier he sad:

Greece & creditors agreed on most issues.

Who lies?

‏@YanniKouts

#Greece FinMin Varoufakis says there is agreement with the 'Institutions' on VAT model; no agreement yet on rates ~@vimafm

‏@ekathimerini

Greek, Iranian diplomats eye closer ties, energy cooperation http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_28/05/2015_550501 … #greece

‏@graemewearden

Christine Lagarde: After positive signals from Athens 10 days ago, we've been sobered since (via Reuters) 

Manos Giakoumis ‏@ManosGiakoumis 2 minutes ago

#Greece FinMin told @vimafm there is an agreement w/ institutions on VAT rates that will bring €900 mln in the public coffers #ec #ecb #imf

1 retweet1 favorite

Yannis Koutsomitis ‏@YanniKouts 1 minute ago

@ManosGiakoumis He actually said €900 mln increase is the Greek proposal but no agreement yet. @vimafm

‏@minefornothing

#Greece: Alpha Bank. Total ELA collateral pool stands at €26.8bn of which €20.6bn is being utilised

‏@minefornothing

#Greece: Alplha Bank. Q1 2015 deposit outflows in Greece stood at €6.6bn of which 25% were sent overseas

‏@minefornothing

#Greece: Alpha Bank deposits dropped 16.1% in Q1, NPL ratio rises to 33.8% from 33.0% at end 2014.

‏@minefornothing

As of 15th May, National Bank of Greece's deposit base in Greece had shrunk 15% from end 2014

‏@Geoffreytsmith

Won't be much left in #Greece's banks by the time #ECB gets the keys. Deposits down another €5.6 billion in April. 

Dispatches: The Ugly Truth Behind British Tourists’ Ruined Holidays...

By Eva Cosse @Eva_Cosse

First thing this morning, I read an article in the Daily Mail about British tourists on the Greek island Kos who complained about asylum seekers ruining their holidays and turning the island into a...

View on web

Catharsis Ours

Friday, May 29, 2015

Time Politicians Handed Greece an Ultimatum

Dispatches: The Ugly Truth Behind British Tourists’ Ruined Holidays...

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