Wednesday, May 20, 2015

Greece Update ( May 20 , 2015 ) - Creditor Talks updates , ELA update ( no haircut on collateral and additional ELA scope to be increased ) , Pensioners protest against austerity in Athens , Economic Data updates , IMF payments threatened by Greek Gov't representatives unless funds made available , political updates - and much more !


Tweets.....

Greece....





The IMF's Greek Dilemma - my piece for Euro Daily

























's Gov’t: no payment to on June 5 without a deal with creditors








A deal with Greece may comprise as little as a 1/3 of country’s previous commitments 4 economic policy says German official to







Syriza, New Democracy split on deal




Moody's expects bank NPLs to increase to ~38-40% by end-2015 from 34.2% at end-2014.



Moody's (1): bank funding & liquidity pressures are unlikely to ease over the next 12-18 months ...






Moody's (2): ... and there is a high likelihood of an imposition of capital controls and a deposit freeze.







industrial turnover falls in Mar for the 5th straight month at a decelerating 2.9%.







Mar Turnover Index in Industry -2.9% (from rev -10% in Feb), 12-month trailing -2.9% (ELSTAT).





unpaid electricity bills at €1.88 bln (end-Mar) from €1.7 bln (end-2014) and €702 mln (end-2011), acc to PPC executive.





MOODY'S: 'HIGH LIKELIHOOD' OF DEPOSIT FREEZE, CAPITAL CONTROL FOR GREEK BANKS





MOODY'S SEES GREECE ECONOMIC GROWTH 0.5% '15, 1.5% IN 2016





RT slides as Greek official says repayment in doubt /via





SCHAEUBLE'S ANALYSIS OF GREECE IS FLAWED, VAROUFAKIS TELLS ZEIT






Greek FinMin Varoufakis: Schaeuble’s Analysis Of Greece ‘Is Flawed’








Greek Set To Give EUR6 Bln ELA Collateral Boost To Banks – MNI Source -ELA Scope Raised By About EUR3 Bln






not likely to increase haircuts for collateral accepted by the Bank of Greece at the ECB meeting this week, MNI says






Going on a full frontal aggressive stance ( spoxs on IMF tranche + 's interview abt Schauble) right now is not v clever.





EU's Moscovici: deal doable but big gaps remain in talks via






spox Petrakos replies: "What can happen to us [if we don't pay the IMF]? Nothing is going to happen to us!"





Both parliamentary spokesmen of , Filis & Petrakos, repeated this morning (different shows) that govt might actually not pay IMF.





Calling Schaeuble. Def Min Kammenos wants German Fin Min to be hauled before parliament's examining committee on bailouts, reports






Greek government plans for VAT reform have been 'modified' about a dozen times in the past two weeks. Still in draft form.






Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?