Friday, June 12, 2015

Economic News , Data and Views ( June 12 , 2015 ) Greece Updates of the Morning -- ( Economic Data , Treasury Bill rollover data and State of Play in the ongoing Creditor Talks - clear as mud of course . Mexican Stand off continues - best way to describe the situation ) .... Broader Europe - Economic Data of the Data , Euro in focus after Merkel comments , Bund recovering somewhat today .....



Tweets.....



Greece.....



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Two officials: Greece was given 24h yesterday to present proposal so to meet 18 June deadline. Greek didn't so far





This is NOT looking good. At. All.





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Fearful starts countdown on funding lifeline /via | Tic toc, tic toc...








‘Grexit’ Would Lead to Economic Chaos: Unicredit's Nielsen /via







Greek talks await 'serious proposals' from Athens, says Djisselbloem



auctions €1 bln 3-month T-Bills on Jun 17. Total roll-over amount at €1.6 bln. Previous yield at 2.7%.




Incl non-competitive bids, rolled over €1.6 bln 3-mon T-Bills at 2.7% and €2 bln 6-mon at 2.97%.




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Apr Import Price Index in Industry -19.2% YoY and +1.4% MoM, 12-month trailing -6.6% (ELSTAT)




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Building Activity (permits) +19.1% in Mar, +7.9% in 3-month and -11.8% over the trailing 12 months (ELSTAT).







gov't sources deny report re arrival of Brussels Group members in Athens (via )



The ball is (again) in Athens court.






was told to stop fighting creditors’ demands and sign a deal that will avert a default




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* German finance Min spokesman says it's inconceivable to think there will be a solution for Greece without the IMF involved - RTRS





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*70% OF GERMANS OPPOSE MORE EU CONCESSIONS TO GREECE, ZDF SAYS





Dijsselbloem: Will not rush into Greek deal; deal only possible if substance is correct. must be ready for 'difficult measures' ~BBG






New poll shows only 23% of SPD sympathisers think the EU should make further concessions to . Quite low.






Broader Europe , ECB  ....





UK output revisions point to healthier economy. 2014 growth revised up





Euro area industry grows less than expected in April, but underlying trend remains firm




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Euro area industrial production +0.1% in Apr 15 over Mar 15, +0.8% over Apr 14





Spanish consumer prices fall for 11th month running in May. However, rate of slows from 0.6% in April to 0.2%








Economics next week: announcement, minutes, consumer price numbers for , and + much more:












ECB "said" to cap ELA if Greece defaults - another story brought to you by "persons familiar with the discussions".











Merkel reignites ‘currency war’ worries.







drops <$1.12 as Merkel warns against strong Euro. Merkel says too strong € makes reform harder in Ireland & Spain







ZDF Poll finds 51% of Germans want Greece out of Eurozone vs 55% in favor of keeping Greece in Euro before Syriza win






Volatile times for Greek banks. FTSE Athex Banks Index drops 8% after yday's rally on rising concerns.






Bunds continue to regain ground. 10yr yields drop to 0.86%