Tuesday, June 16, 2015

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 has ruled 's sovereign bond-buying programme legal.










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







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








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









What the heck... rises above $1.13.








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











Greece....




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








PM Tsipras says main factor blocking deal is differences between and over debt restructuring ~






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gov sources: emergency summit on likely on Sunday or Monday.








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









, , , EU Parliament & Council Presidents meet today on , according to local media.







's Tusk & Juncker, EU parl pres Schulz, 's Dijsselbloem & Draghi to meet today in Brussels on ~








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







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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







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




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






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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








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's pension system, broader economic fundamentals AND societal and humanitarian predicament are unsustainable






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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




GPO/: 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.