Catharsis Ours: Economic News , Data and Views ( June 16 , 2015 ) Broader Europe In Focus (European Court OfJustice Approves ECB OMT Bond Buying Plan , Bond Markets / Equities Reveal Risk Aversion And Yet The Euro Shows Strength today ? ) ..... Greece Updates ( Keeping An Eye On Debt Talks Bouncing Ball - State of Play for different scenarios... )

Tweets....

*ECB WINS EU TOP COURT BACKING FOR 2012 OMT BOND-BUYING PLAN

Key section of press release announcing #ECJ has ruled @ecb's sovereign bond-buying programme legal. #OMT 

Risk aversion trade continues: #Dax drops another 0.9% after open. Now down 12% from Apr high. 

#Eurozone contagion in one slide: Risk spreads of Italian, Spanish or Greek bonds over Bunds widen up to 19bps. 

#Spain | 30Y yield back >3.50% 

Risk aversion trade continues: Investors piled into German Bunds while selling their peripheral bonds. Spreads widen. 

What the heck... #Euro rises above $1.13. 

EURUSD continues to baffle investors as Citi puts it. Manages to trade above $1.12 despite #Greece. 

Greece....

fred walton retweeted

An Offer Which Greece Cannot (Reasonably) Refuse. http://klauskastner.blogspot.com/2015/06/an-offer-which-greece-cannot-reasonably.html?spref=tw …

*FAYMANN WANTS 5-YEAR DEBT MORATORIUM FOR GREECE: OESTERREICH
*GREEK MORATORIUM SHOULD INCLUDE `STRICT CONDITIONS': FAYMANN

#Greece PM Tsipras says main factor blocking deal is differences between #EU and #IMF over debt restructuring ~@Reuters

#EU gov sources: emergency summit on #Greece likely on Sunday or Monday. #grexit #tsipras #merkel #IMF @welt @WELT_Economy @OlafGersemann

#Greece | Potami leader Theodorakis: PM Tsipras told me he has 2-3 more moves he can take as long as creditors move too.

#EC, #ECB, #Eurogroup, EU Parliament & Council Presidents meet today on #Greece, according to local media. #economy

#EU's Tusk & Juncker, EU parl pres Schulz, #Eurogroup's Dijsselbloem & #ECB Draghi to meet today in Brussels on #Greece ~@AntennaNews #euro

Majority of Greeks (56%) prefer austerity to #Grexit (35.4%), GPO poll posted by Mega shows. Among Syriza supporters 46% prefer Grexit (BBG)

Edward Hugh retweeted

GPO poll for Mega TV
Whose mainly to blame for failure to reach agreement?
Lenders 56.3%
Greek gov't 37.4
N/A 6.3
#Greece

Edward Hugh retweeted

GPO poll for Mega TV
Agree/disagree with govt negotiating strategy?
Agree/probably agree 54.3%
Disagree/probably disagree 43.8
#Greece

GPO poll for Mega TV
Should #Greece should stay in #euro at any cost?
Yes/probably yes 69.7% (vs 80.3 in Jan)
No/probably no 28.9 (vs 17.2)

GPO poll for Mega TV
If choice is bad deal & stay in € or no deal & leave €, what would you choose?
Bad deal 56.2%
No deal 35.4
#Greece

Nina Reizi retweeted

#Greece's pension system, broader economic fundamentals AND societal and humanitarian predicament are unsustainable http://gu.com/p/49mn9/stw 

Edward Hugh retweeted

Draghi distances ECB from negotiations' halt tension http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_15/06/2015_551090 … #greece

Paul Mason retweeted

I don't see how EMU/ECB can decide to turn off Target2 for Greece but even if it happened it may not have the intended effects.

Martin Schulz on Grexit:

I think above all Greeks will pay a high price because the country will fall into poverty in just a few weeks

#Greece GPO/@AnatropiMegaTV: Syriza 35.1 -1.4, ND 23 +1, Potami 6 -0.5, GD 5.5, KKE 5.4, ANEL 3.7 -1.3,PASOK 3.2 -0.8 

Greek banks see deposit outflow of $449 million on Monday, Reuters reports citing bankers. http://reut.rs/1IY3HyN  

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