Thursday, June 11, 2015

Economic News , Data and Views ( June 11 , 2015 ) Greece State of Play - Merkel & Tsipras Talks Wednesday Fail to Achieve Accord . Gaps between sides still present on critical areas such as agreed primary surplus numbers for Greece. Will there be a further extension to the current program for GR - and who is pushing this ? Additional items of note ........Broader Europe - Bond market tumult continues across the Eurozone , Is Germany against a third Bailout Program for Greece ? Additional items of note ......... Overnight Asia - South Korea , New Zealand and china in focus - rate actions and data splash !



Tweet.....


 

2 minutes ago


: The percentage of part timers who choose to work part time because they cannot find a full time job is 68.6%



  1.  5 minutes ago
    Greek long term unemployment rate was 71.6% in Q1 (i.e. looking for a job > 1 year)




 7 minutes ago


Greek youth unemployment rate was 51.9% in Q1 Men 47.5% Women 57.0%



 


9 minutes ago


Very bad news. unemployment Q1 2015: 26,6% (vs 26.1% in Q4 2014 & 25.40% est.) /via





 

3 minutes ago
Greece: German gvt will push for an extension of the current second programme, which is set to expire at the end of June, according to Bild.





 

4 minutes ago


EU Moscovici: Nearing the 'landing strip' on a Greek deal but still divergences, 'notably on the primary surplus."


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8 minutes ago
Wonkblog: Greece’s Groundhog Day may be giving way to Judgment Day







 

2 minutes ago
Greek default imminent without 's help – French media






 


1 hour ago


Ruling on pension cuts will cost state 1 to 1.5 bln euros



 


1 hour ago


Merkel considers Greek options as Tsipras wins aid for banks






 


3 hours ago


TAC's Apoteker: is now running primary deficit. If it defaults, pensioners will not get paid which is suicidal. A deal is inevitable



 


11 hours ago
S&P expects GDP to contract 1.5% in 2015 rebounding by 2% in 2016.



 


14 hours ago


may request extension of bailout programme until Mar 2016, acc to local media.



 


14 hours ago


Council of State orders 2012 pension cuts to be reversed, costing up to 1.5 bln.





 


14 hours ago
Minister of State re Greek proposal and reaction.



I contacted senior EC official. Confirmed that we disagree on surpluses and that we should expect detailed feedback on our proposals.





 

21 hours ago
Greece deflation weakened further in May. EU HICP at -1.4% vs -1.8% April.








Broader Europe....




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2 hours ago
ECB: Austerity works IMF: Austerity does NOT work (p.41-44)







 


3 minutes ago


DB's Reid on Bund rout: It’s worth highlighting that since our data starts in 1807 yields have been >1% on 99.6% of monthly observations.





 

6 minutes ago
Bond market rout continues. Govt bond yields rise across the .






 

1 hour ago
Euro drops below $1.13 as Germany against 3rd aid programme for Greece under any circumstances










 

1 hour ago
Morning Note: 1. Osborne selling RBS at a loss. 2. Greece back + forth. 3. BoK + RBNZ cut rates. Kiwi deep dives.









 

44 minutes ago


French non farm employment in Q1 Industry -8,100 Consruction -10,900 Services +18,300




 

5 minutes ago


French accelerates to six-month high of +0.3% y/y in May - INSEE





 

23 hours ago


Central Bank of raises key rate to 0.75%. Bank says it seems apparent that a sizable rate increase will be necessary in August



Overnight Asia....


 

1 hour ago


South Korea cuts interest rate to record low 1.5 percent




 

1 hour ago


China's industrial production growth fell to 6.2% Y/Y in 2015 through May ... wheels are falling off now




 

7 hours ago


China Officially Doubles Down On Multi-Trillion Yuan Debt Swap Program






 


8 hours ago


China's Global Ambitions Take Shape As AIIB Structure Revealed, Germany Pledges Full Support


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