Greek youth unemployment rate was 51.9% in Q1 Men 47.5% Women 57.0%
Very bad news.
#Greece unemployment Q1 2015: 26,6% (vs 26.1% in Q4 2014 & 25.40% est.) http://www.statistics.gr/portal/page/portal/ESYE/BUCKET/A0101/PressReleases/A0101_SJO01_DT_QQ_01_2015_01_F_GR.pdf … /via @statisticsGR
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.
EU Moscovici: Nearing the 'landing strip' on a Greek deal but still divergences, 'notably on the primary surplus."
Keep Talking Greece retweeted
Wonkblog: Greece’s Groundhog Day may be giving way to Judgment Day http://www.snsanalytics.com/DnD1y5
Greek default imminent without #Russia's help – French media http://sptnkne.ws/sR4 #Greece #debt #economy
Ruling on pension cuts will cost state 1 to 1.5 bln euros http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_10/06/2015_550910 …
Merkel considers Greek options as Tsipras wins aid for banks http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_11/06/2015_550924 …
#Greece is now running primary deficit. If it defaults, pensioners will not get paid which is suicidal. A deal is inevitable
S&P expects #Greece GDP to contract 1.5% in 2015 rebounding by 2% in 2016. #economy #ec #ecb #imf #euro
Greece deflation weakened further in May. EU HICP at -1.4% vs -1.8% April.
Theo K retweeted
ECB: Austerity works http://www.ecb.europa.eu/pub/pdf/scpops/ecbop162.en.pdf … IMF: Austerity does NOT work (p.41-44) http://www.imf.org/external/pubs/ft/weo/2012/02/pdf/text.pdf …
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.
Bond market rout continues. Govt bond yields rise across the #Eurozone.
Euro drops below $1.13 as Germany against 3rd aid programme for Greece under any circumstances http://cnb.cx/1GzVD6Z
Morning Note: 1. Osborne selling RBS at a loss. 2. Greece back + forth. 3. BoK + RBNZ cut rates. Kiwi deep dives.
French non farm employment in Q1 Industry -8,100 Consruction -10,900 Services +18,300
#inflation accelerates to six-month high of +0.3% y/y in May - INSEE
Central Bank of
#Iceland raises key rate to 0.75%. Bank says it seems apparent that a sizable rate increase will be necessary in August
South Korea cuts interest rate to record low 1.5 percent https://uk.finance.yahoo.com/news/south-korea-cuts-interest-rate-012546469.html …
China's industrial production growth fell to 6.2% Y/Y in 2015 through May ... wheels are falling off now
China Officially Doubles Down On Multi-Trillion Yuan Debt Swap Program http://www.zerohedge.com/news/2015-06-10/china-officially-doubles-down-multi-trillion-yuan-debt-swap-program …
China's Global Ambitions Take Shape As AIIB Structure Revealed, Germany Pledges Full Support http://www.zerohedge.com/news/2015-06-10/chinas-global-ambitions-take-shape-aiib-structure-revealed-germany-pledges-full-supp …