Tweets....
#Greece govt spox Sakellaridis: "The red lines were red lines since February and will continue to be so in the future."
#Greece govt spox Sakellaridis: "The Memorandum comprises of a political framework, different from the loan agreement."
#Greece govt spox Sakellaridis: "The GR govt is waiting NOT simply until the end of May for the liquidity to be released, but ASAP."
#Greece govt spox Sakellaridis: "We are asking for what is ought to be given to Greece based on a loan agreement that has been signed."
Thanks for the kind words @elerianm. One piece of info: Despite wishful thinking-based rumours, I remain FinMin & Greece's negotiator at EG!
Greece this week:
- Euro Working Group resuming talks today
- ECB decision on haircuts (6 May)
- €1.4bn in T-bills to roll (8 May)
GREEK GOVT WON'T ACCEPT ANY PENSION CUTS, LABOUR MINISTER SAYS
HFSF initial participation in the 4 systemic #Greece banks was €25.5bln, at the end of April that was worth €7.5bln http://www.macropolis.gr/?i=portal.en.economy.2483 …
"It's almost futile" to expect #Greece & lenders to reach deal at technocrat level, says Labour Minister Skourletis. Calls on PM to step in
Broader Europe....
Italian Bonds Hold Aprils Decline in Face of ECB Stimulus Plan http://www.bloomberg.com/news/articles/2015-05-04/italian-bonds-hold-april-s-decline-in-face-of-ecb-stimulus-plan …
Finns Party take hard line in government coalition talks http://mobile.reuters.com/article/idUSKBN0NP0ME20150504?irpc=932 …
Brent oil hits 2015 high near $67 a barrel http://uk.mobile.reuters.com/article/idUKKBN0NP0KG20150504?irpc=932 … << U.S. shale producers set to eat further into OPEC market share
French Apr Mfg PMI 48.0 vs 48.8
My final election prediction:
Con 276
Lab 267
Lib 23
UKIP 5
SNP 54
PC 4
Res 1
Green 1
DUP 9
Sinn Fein 5
SDLP 3
Ind 2
http://www.iaindale.com/posts/2015/05/02/my-final-election-prediction-minority-government-looms …
Bond bubble about to pop? Yields of Eurozone govt bonds continue to rise across the board. 10yr Spain yields up 11bps
#ECB's Constancio: No early halt to QE even if econ to accelerate more quickly than expected. https://www.ecb.europa.eu/press/inter/date/2015/html/sp150504.en.html …
#ECB's QE turns out not to be one-way bet as trade-off between Greek and German yields shows. http://bloom.bg/1F01DFg
Asia......
Yuan on the way into SDR basket? The #IMF is set to brighten its view of #China’s currency. http://on.wsj.com/1EPxCpN
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