Friday, May 22, 2015

Economic News , Data and Views ( May 22 , 2015 ) - Riga Summit a quiet flop .... German Fin Min offers pearls today ( GR may need parallel currency , GR may need to issue IOUs ) , Merkel tells Tsipras to forget political deal hail mary - work with technical team of Troika , GR says labor reforms and pensions red lines still in place , GR debt rises in yields after quiet flop Summit



Tweets.....




Greece May Need To Issue IOUs Schaeuble Says After Latest Failure To Reach A Deal




last one was a disaster (vilnius). this one just depressing. an exhibition of fear weakness timidity




Greece says deal can come in 10 days, but Merkel warns 'lots still to do' - live






Riga summit declaration. To summarise: We reaffirm our commitment to declare the commitment to European affirmations






Merkel says it's clear a lot of intense work with the 'Institutions' is still needed on







Greek 2yr yields rise to 23.1% as German FinMin spokesperson Jäger says that no deal on possible without IMF.







[Schäuble] "mentioned the idea but did not endorse it". Hm...



new unpaid taxes rise at a smaller pace by €737 mln in Apr to €4.2 bln year to date.




new tax debt below the €1-billion mark for the second straight month.





Tsipras meets X EU leader hoping for political deal, told to focus on talks with technocrats. Repeat to fade











says reform deal can come in 10 days, but Merkel is cautious (Live updates by )