Catharsis Ours: Economic News and Views ( June 22 , 2015 ) -- Greece Updates ( Ground Hog Monday EWG has Occurred , ELA has been increased for GR Banks for 3 time in 5 day , No Deal Reached at EWG - with full state of play set forth for your consideration , State of Banks in question in the days ahead as bank jog continues , Economic data for Greece , " quiet capital controls " already in place with unofficial limits on walk in withdrawals , Evening Leaders meeting reduced to " discussion " )

Tweets.....

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#Greece #ec #ecb #imf #eurogroup #markets #banking   

Valdis Dombrovskis @VDombrovskis

#Greece proposals a welcome step but more work together with institutions needed. @EG to reconvene this week. We need a deal in coming days.

‏@YanniKouts

#Greece RT @davcarretta: @YanniKouts Eurozone summit "is on", I'm told. Frank political discussion to accelerate technical talks.

‏@ManosGiakoumis

#Greece #ec #ecb #imf #eurogroup #markets #banking  

Alexander Stubb @alexstubb

#Eurogroup ends. Work continues. Institutions assess proposals.

‏@ekathimerini

Greece says now up to lenders to move on an agreement http://dlvr.it/BHhKZx 

‏@EfiEfthimiou

#Greece #wtf  

Eleni Varvitsiotis @Elbarbie

Αcoording to source, the press briefing of the #Eurogroup will take place at 14.30, in 15' .. Pretty short..

‏@MacroPolis_gr

Greek primary cash surplus at 1.07 billion at end-May on lower expenditure https://shar.es/1qXuS5  #Greece #economy 

The Greek Analyst retweeted

‏@Peston

Greek banks could be forced to close for days, if no deal today in Brussels, chairman of Eurobank Karamouzis tells me http://www.bbc.co.uk/news/business-33223834 …

Fabrizio Goria retweeted

‏@FerdiGiugliano

This FT report smells dangerously of capital controls - http://www.ft.com/cms/s/0/96a4e860-18ae-11e5-8201-cbdb03d71480.html … 

‏@traynorbrussels

#grexit #euco no decision expected at summit - top source. just ultimatum to @atsipras. take or leave it and come back with better proposal

‏@fredwalton216

Ground Hog Monday  

Famke Krumbmüller @FKrumbmuller

Schelling: "there are no new proposals, all things we had proposed earlier, shows problem of communication within Gr govt"#Greece #eurogroup

‏@fredwalton216

More of the same... 

Famke Krumbmüller @FKrumbmuller

Schelling: "I dont think we can reach final agreement today, we will need another Eurogroup this week"  #Greece #eurogroup

‏@jonathanalgar

Rehash https://twitter.com/jonathanalgar/status/603986193810862080 … *GREEK BANKING SYSTEM SECURE WITH ECB COOPERATION: SPOKESMAN

Jonathan Algar @jonathanalgar

All 3 GR banks reporting over last days keen underscore stable, close relationship w/ ECB. CEOs emphatic they will not hang them out to dry.

‏@FGoria

UNLIKELY DEAL REACHED MON NEXT MILESTONE LIKELY WED - SOURCES - MNI

‏@FGoria

SOME DETAILS IN GREECE PROPOSAL 'CONFUSING' - SOURCES - MNI

‏@FGoria

IMF LESS OPTIMISTIC THAN OTHER INSTITUTIONS - SOURCES - MNI

The Greek Analyst retweeted

‏@FerdiGiugliano

A commercial banker said about €400m had been withdrawn via ATMs over the weekend (via @FT) - http://blogs.ft.com/the-world/liveblogs/2015-06-22/ …

The Greek Analyst retweeted

‏@DuncanWeldon

There isn't a visible bank run in Greece - no queues. But money is leaving the banks, the ECB has increased support 3 times in 5 days.

Fabrizio Goria retweeted

‏@MxSba

Very important statement by Nowotny. #ECB patience has limits and ELA is Damocles sword. 

Frederik Ducrozet @fwred

Without a deal today, the ECB could first cap ELA, forcing a decision. *ECB NOWOTNY: TO REVISIT ELA DECISION IN LIGHT OF TODAY'S TALKS

‏@NickMalkoutzis

There are/aren't new Greek proposals, they do/don't form basis for a deal & there is/isn't a point to tonight's summit. All clear? #Greece

‏@traynorbrussels

oh geez. ireland's noonan says eurogroup perhaps again on thur. 3rd in a week. this is beating 2011/12 #grexit

‏@Schuldensuehner

#Finland's Stubb on expectations for a Greek deal today: Looks like a lot of air miles will have been wasted. (BBG) #Greece #Grexit

‏@Schuldensuehner

#Germany's Merkel says there is still time to take definitive decisions on #Greece later this week.

‏@Schuldensuehner

#Germany's Merkel says if institutions have not given recommendation, summit on Monday will just be discussion forum.

‏@Schuldensuehner

New Greek bailout proposals see savings of 0.4% of GDP from pensions in 2015. (DJ)

‏@Schuldensuehner

#ECB approves ELA increase of around €1.3bn to €87.2bn for #Greece, MNI reports.

‏@Schuldensuehner

#Greece is offering to gradually rise retirement age to 67. To have 23% main VAT rate, 13% for energy & food, 6% for books, medicine. (RTRS)

‏@Schuldensuehner

Euro falls to day low $1.1311 as #Greece has sent wrong documents to monitors. http://on.ft.com/1GusqE0  

‏@jonathanalgar

My *guess* is reason there was so much confusion about ELA amount on Friday is because two tranches were approved 

Lalela Chryssanthopo @Lalela74

On ELA #Greece Ceiling raised by 1,8 bn. Another 1,5 bn was pre-approved to be released on Monday if needed. So both numbers correct #ECB

‏@SpiegelPeter

On conference call this morning, @ecb raised #Greece ELA by about €2bn. Agreed another call in 24 hours http://on.ft.com/1BG7cYm 

fastFT

ECB raises emergency loan limit for Greek banks

The European Central Bank has increased the limit on the amount of emergency loans available to Greek banks.

View on web

MineForNothing retweeted

‏@SpiegelPeter

3 sr officials tell me #Greece told institutions they sent wrong document at midnight. Have promised revised version http://on.ft.com/1GusqE0 

‏@minefornothing

Bank of Greece warned bankers of 'difficult day' if no debt deal http://ekathimerini.com/4dcgi/_w_articles_wsite2_1_21/06/2015_551324 …

3 retweets

‏@minefornothing

GERMAN POLITICIANS SEEK TO STOP ELA FOR GREEK BANKS: SPIEGEL

‏@edwardnh

Greece: Troika’s assumptions were too optimistic. Should we expect different from extension? - graph @paulmasonnews 

‏@RANsquawk

"Greece, this is line in the sand"..."OK this is last line in the sand"..."THIS is DEFINITELY last line in the sand" 

Catharsis Ours

Monday, June 22, 2015

ECB raises emergency loan limit for Greek banks

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