Wednesday, June 17, 2015

Economic News Data and Views ( June 17 , 2015 ) - Special focus Greece ( State of play on Wednesday , ahead of important EWG Meeting , as Debt Truth Committee meets in Athens , ahead of Tspiras meeting with Putin in Moscow to discuss energy cooperation between Greece and Russia )


Kazimir mentions default for Greece and says "Euro members are ready to talk with Greece until last day"





Tweets....




Greece....






DIJSSELBLOEM: TOLD GREECE DEAL CAN'T BE REACHED ON LAST DAY. We'll find out in 13 days







Russian Budget Assumes No Financial Aid for Greece: Siluanov





Clearly governor of Greek Central Bank and government in complete breakdown of confidence. Rare in era of CB primacy









House Speaker returned the report provided by the Bank of as "unacceptable."







DIJSSELBLOEM: WE WANT A CREDIBLE GREECE DEAL BUT WE ARE PREPARING FOR ALL EVENTUALITIES Dude, none of the Greek bailouts have been credible








EU'S DOMBROVSKIS CITES HIGH GREEK DEFENCE SPENDING AS POSSIBLE AREA FOR CUTS ... Turkey is listening now










How about 100% income tax rate? RT EU’s Dombrovskis EU Ready To Discuss Alternative Greek Measures







Yes, it goes from EUR 300bn to XGD 3,000tn RT *IF A COUNTRY LEAVES EURO ZONE, THE DEBT REMAINS: DIJSSELBLOEM






DIJSSELBLOEM: CHANCE OF REACHING AGREEMENT WITH GREECE BY THURSDAY "VERY SMALL"







Slovak Finance Minister basically saying there is no chance of a deal with Greece ...actually says a "miracle" is now needed





RT PM says foreign lenders' insistence on reducing pensions "incomprehensible"






SLOVAK FINMIN KAZIMIR SAYS VERBAL ATTACKS BY GREEK GOVT UNPRECEDENTED





SLOVAK FINMIN KAZIMIR SAYS SLOVAKIA PREPARING, IN COOPERATION WITH OTHERS, FOR SCENARIO OF DEFAULT







GREEK PM TSIPRAS SAYS AFTER MEETING AUSTRIAN CHANCELLOR, FURTHER PENSION CUTS NOT POSSIBLE







SENIOR EU OFFICIAL: NON-PAYMENT TO IMF WOULD NOT AUTOMATICALLY TRIGGER GREEK DEFAULT ON EUROPEAN LOANS ... sure, why not








SENIOR EU OFFICIAL: CYPRUS SHOWS EURO ZONE CAN IMPLEMENT CAPITAL CONTROLS, BUT THEY ARE VERY UNDESIRABLE











UK's Greek contingency plan includes potential impact on firms, banks, financial sector & tourism via





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Tsipras says gov't has no intention of seeking new mandate (elections/referendum) from voters regarding negotiations with lenders




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’s Dijsselbloem: changed negotiation process in end-May; process got derailed after June 3 meeting. |









Britain is 'stepping up' preparations in case Greece leaves the euro, says David Cameron's spokeswoman (via Reuters)








Is EC Juncker undermining the negotiations by misleading Greece with own proposals that IMF…










's Juncker to present a new proposal today in an effort to break deadlock, reports:










Tsipras: If we reach a compromise, I personally and my associates will carry any political cost as I will do as well if we end up w rupture











"I'm not quite sure what the Austrian chancellor is doing in Athens," says senior official.






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Senior official adds to growing feeling nothing on will be agreed at Thurs : "I believe this will be pretty short."





* Greek PM tsipras says not thinking of asking Greek people to decide again on crisis - RTRS










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Despite that, BoG continues: " it is not possible at present to make any safe projections about the future course of the economy"







Bank of Greece not sitting on fence: Grexit = deep recession, dramatic decline in income levels, exponential rise in UE, al round apocalypse





Institutions have moved very very significantly beyond what was subscribed "not sure that was good but thats where we are" says EU official





Greek parliamentary inquiry "we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious"







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names economist Michalis Psalidopoulos as its representative to the starting June 29th







bank non-performing loan (NPL) ratio at 33.8% (end-2014) from 31.9% (end-2013), BoG says.






bank non-performing exposure (NPE) at 40.8% (>€100 bln) in Q1 from 39.9% in Q4, according to BoG.








Money runs short: Greek Jan-May tax revenue €1.7bn short of target, BBG reports citing Kathimerini.




S&P's Kraemer says Greek contagion manageable in default case b/c of fire walls and ECB QE. (BBG)







Draghi Rules Tested by Greece as Mulls Bank Solvency