Catharsis Ours: Economic News , Data and Views ( June 2 , 2015 ) - Greece Updates ( After a Monday full of rumor , innuendo , Emergency Meeting by Creditor Groups , Government Meetings to assess Negotiations and Creditor Talks - Tuesday finds the state of play still at - status unchanged , no deal , redlines still in place , both sides still far apart on critical details and major issues ) ...... For Broader Europe , rising yields one major item to keep an eye upon , data splash for various countries in EZ , keep eyes on the euro , yen and dollar today

Tweets....

IMF has softened its insistence for a Greek debt haircut (from the ECB), which Greece demands 

FxMacro @fxmacro

Eurozone governments and the IMF have agreed to press Greece for far-reaching economic overhauls, while the IMF has softened its insistence

The Greek Analyst retweeted

‏@SpiegelPeter

If #Greece deal can be reached on current bailout tranche, extension could "repurpose" €10.9bn HFSF funds over summer http://on.ft.com/1cviFha 

‏@SpiegelPeter

#Greece's creditors hoping for political deal by Fri; staff-level agreement next wk. Also weighing bailout extension http://on.ft.com/1cviFha 

‏@paulmasonnews

Key point in @SpiegelPeter http://on.ft.com/1cviFha  report - €10bn bank recap aid to be repurposed so greece can give it to ECB.

‏@SpiegelPeter

@paulmasonnews COULD be. Still being considered, not agreed yet.

The Greek Analyst retweeted

‏@MMQWalker

Tsipras to face tough troika text, no explicit promise of debt relief. Elections in Greece?

‏@paulmasonnews

Greece summary: no proposal emerged from Merkel-Lagarde-Draghi last night. Lenders at odds over whether/how much debt relief to give (1/2)

‏@paulmasonnews

Greece (2/2)... absent proposal, argument within GR govt muted, with only Left Platform openly refuseniks. Scale of debt relief = critical.

‏@minefornothing

EU SAYS GREECE DECISION TO BE TAKEN AT EUROGROUP LEVEL

Dealing with colonies is difficult

‏@minefornothing

IMF said to be pushing hard for more pension cuts

‏@minefornothing

Reuters: Sources close to the Berlin talks said the latest Greek proposal did not contain major new concessions on issues holding up a deal

‏@minefornothing

Reuters: EU officials close to the talks have said progress is very slow and they remain a long way from convergence

‏@minefornothing

Greek government hints they may withhold IMF payment on Friday if no deal is struck http://www.reuters.com/article/2015/06/02/us-eurozone-greece-idUSKBN0OI0SD20150602?utm_source=twitter …

MineForNothing retweeted

‏@YanniKouts

Snap election rumors intensify in Athens. June 28 or July 5 seen as possible dates. #Greece

MineForNothing retweeted

‏@YanniKouts

#Greece | Scores of Syriza ministers & MPs this am talk of snap elections "if compromise goes beyond our election program".

The Greek Analyst retweeted

‏@gksteinhauser

"We're not there yet," says @A_Breidthardt on Greece talks.

The Greek Analyst retweeted

‏@JarnoHa

Sources: Greek proposal didn't contain major new concessions on key issues such as pension and labour issues http://www.reuters.com/article/2015/06/02/eurozone-greece-idUSL5N0YO1SS20150602

‏@GreekAnalyst

#Greece calls on lenders to accept 'realistic' plan sent on Monday http://reut.rs/1I4FZAv  via @Reuters

‏@GreekAnalyst

It's worth noting tho that various MPs of the #SYRIZA-led coalition have pointed towards elex today, if no honorable agreement, to media.

The Greek Analyst retweeted

‏@NikiKitsantonis

@tsipras_eu says not waiting for proposal from creditors, Greece sent own 'comprehensive plan' ystdy. Seeks decision by EU political leaders

The Greek Analyst retweeted

‏@YanniKouts

#Greece PM Tsipras says decision now lies with the European leaders

‏@GreekReporter

SYRIZA Cabinet Members Say no to More Concessions, Talk of Elections http://dlvr.it/B420Lw  #GreekNews

‏@GreekReporter

European Leaders and IMF to Offer Greece a Plan for Consideration http://dlvr.it/B41BZT  #GreekNews

Manos Giakoumis retweeted

‏@MacroPolis_gr

#Greece May Manufacturing PMI +1.5 points to 48 from 46.5 in Apr (Markit). #economy #eu #euro

‏@ManosGiakoumis

The agreement must include low primary surpluses <1% of GDP for 2015 and <1.5% for 2016, #Greece Dep PM @YDragasakis says. #ec #ecb #imf

‏@ManosGiakoumis

#Greece Deputy PM says the agreement must contain a clear road map ensuring debt sustainability. #ec #ecb #imf #politics #economy

‏@ManosGiakoumis

#Greece Dep PM says there's no point locked into an unnecessary blame game, the PM & the gov't focus on achieving a fair agreement. #ec #imf

Broader Europe....

‏@FerroTV

German 10-year +7bps. 

‏@FerroTV

EURO-AREA MAY CONSUMER PRICES RISE 0.3%; ECONOMIST EST. 0.2%

‏@FerroTV

Morning Note: 1 RBI cuts rates. RBA does nothing. 2 Late night talks in Berlin #Greece. 3 EZ inflation data est 0.2% 

‏@Schuldensuehner

The return of the bond vigilantes? Spain's 10yr yield jumps to highest level since November http://bloom.bg/1LZKYQX  

‏@Schuldensuehner

#Euro has spiked amid reports that #Greece’s creditors have reached agreement. http://www.welt.de/wirtschaft/article141804180/Griechenlands-Glaeubiger-einigen-sich-auf-Kompromiss.html … via @welt 

‏@Schuldensuehner

SG Edwards: New round of currency turmoil begins as Yen broken 30y support.Yen weakness will reignite deflation fears 

‏@minefornothing

PORTUGUESE 10-YEAR GOVT BOND YIELDS RISE TO THEIR HIGHEST IN NEARLY 6 MONTHS OF 2.87 PCT - TRADEWEB

MineForNothing retweeted

‏@moved_average

#UK | APR MORTGAGE APPROVALS: 68.1K V 63.5KE 

‏@minefornothing

German economy facing major slowdown, employment growth dropped to just 0.5% Y/Y in April, lowest rate since December 2013.

‏@LondonerVince

#Spain: Number of registered unemployed people fell by 117,985 in May. It's the largest decrease in this specific month since 1996.

‏@MarkitEconomics

#Eurozone returns to #inflation in May. Consumer prices up 0.3% (0.0% in April

‏@MarkitEconomics

Investec Manufacturing #PMI #Ireland rose to 57.1 in May (April: 55.8). Production growth at 9-month high http://ow.ly/NKLid 

‏@MarkitEconomics

German #unemployment fell by 6k in May. Jobless rate unchanged at record low of  6.4% - Labour Office http://ow.ly/i/b67im

‏@MarkitEconomics

Markit #Greece Manufacturing #PMI at 48.0 in May (46.5 in April), signalling further contraction in the sector http://ow.ly/NKLvv

Catharsis Ours

Tuesday, June 2, 2015

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