Wednesday, May 27, 2015

Economic News , Data and Views ( May 27 , 2015 ) - Greece Updates ( Rhetoric of the day from Jack Lew / Juncker / Regling / Syriza Hard Left , Varoufakis revives " Troika" term , Dombrovoskis / Schauble ....... State of Play For Ongoing Negotiations ..... Economic information ) .......Broader Europe ( Finland sets New Gov't , names Ministers to Finance and foreign Ministry Posts , Spain in focus , FIFA in shambles , Italian politics in focus , Failed German 30 year bund auction today and more items of note! )


Tweets....


More at tweet feed during day....



Greece....




GREECE SAID LIKELY TO MISS MAY DEAL DEADLINE AS TALKS STALL, GREECE SAID TO BE NOWHERE CLOSE TO AGREEMENT WITH CREDITORS... But, but...







Are things coming to a head now, Berenberg asks as left ELA limit unch despite outflow acceleration to €300m/day







Meet One of the Most Hated Men in .








GS analysts forecast Greece & creditors will reach a pact; however, maintain their 0.95 EUR/USD 12-month forecast.








Jack Lew on Grexit: "No-one should have a false sense of confidence that they know what the consequence of a crisis would be"





Asked whether he trusted Prime Minister Alexis Tsipras, Juncker took 14 seconds to answer... “yes”




SYRIZA Radicals React to European Commission President’s Comment, Insist on Grexit







Greece to Present New Reforms List to Expedite Agreement





Italian PM Renzi: Conditions Are in Place for a Greek Deal





ESM Head: Tsipras Should Not Squander Sacrifices of Greeks




This is gonna end in a right mess


household gas price -10.1% in H2 2014 to €8 above the average of €7.2, acc to .




household electricity price +5.2% in H2 2014 to €17.9 below the average of €20.8, acc to .





On very low level of deposit outflows. cash liquidity buffer at €3 bln





Sounds like America will push hard for a Greek deal at the G7 finance ministers meeting





US Treasury Sec Lew says at G7 he will be urging Europe and IMF to "treat every deadline as the last" on Greece. Fears an "accident".






Alt FinMin Valavani said draft bill on public property incl. new objective prices will be tabled in parliament in the next 15 days.




Commission VP Dombrovskis says fiscal targets, labour reforms still to be discussed on ~Reuters



Schäuble says he's not frustrated abt Varoufakis' recordings. "You can't spy on yr partners forever. Ultimately you'll need to work w them"





Schäuble says decision on capital controls lies with nat'l govts; asks to decide on member…





Return to drachma would be catastrophic for ~economists /via [←Russia's official media!]




Broader Europe





The Finns leader Timo Soini is Finland's new Foreign Minister. Former PM Alexander Stubb appointed Finance Minister.








That Franco-German € reform paper? How about an Italian doc? And new "sherpas note"? All EMU reform leaks in 1 place:









calls for an addition to 's mandate: Fighting macroeconomic divergences /via





h/t this is fascinating stuff and key to understand current Spanish politics





"No better candidate for Podemos than Rajoy. Just useless, satisfied with sinking PP and about to sink it deeper."




Five arrests for vote-buying in Sicily: Two regional councillors among suspects





Anti-mafia indicates four unfit to stand: Complete blacklist to be unveiled Friday








Renzi confident PD 'will still be top' on Monday: Reigniting hope 'the real issue' says premier









Only 6 FIFA execs ? Come on, swiss police, you can do better than that !




... the empire is falling











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Uncertainty after Bund crash. Who will buy 30yr bunds yielding 1.18% when inflation expectations near 2%











Where does get its from?




What bank did he work for?







GERMANY GETS BIDS FOR EU1.500B 30-YEAR BONDS VS EU2B SALES GOAL





"Graccident" Will Trigger The Demise Of The ECB And The World's Toxic Regime Of Keynesian Central Banking