IMF has softened its insistence for a Greek debt haircut (from the ECB), which Greece demands
If #Greece deal can be reached on current bailout tranche, extension could "repurpose" €10.9bn HFSF funds over summer http://on.ft.com/1cviFha
Key point in
@SpiegelPeter http://on.ft.com/1cviFha report - €10bn bank recap aid to be repurposed so greece can give it to ECB.
Tsipras to face tough troika text, no explicit promise of debt relief. Elections in Greece?
Greece summary: no proposal emerged from Merkel-Lagarde-Draghi last night. Lenders at odds over whether/how much debt relief to give (1/2)
Greece (2/2)... absent proposal, argument within GR govt muted, with only Left Platform openly refuseniks. Scale of debt relief = critical.
EU SAYS GREECE DECISION TO BE TAKEN AT EUROGROUP LEVEL Dealing with colonies is difficult
IMF said to be pushing hard for more pension cuts
Reuters: Sources close to the Berlin talks said the latest Greek proposal did not contain major new concessions on issues holding up a deal
Reuters: EU officials close to the talks have said progress is very slow and they remain a long way from convergence
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 …
Snap election rumors intensify in Athens. June 28 or July 5 seen as possible dates. #Greece
#Greece | Scores of Syriza ministers & MPs this am talk of snap elections "if compromise goes beyond our election program".
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
It's worth noting tho that various MPs of the
#SYRIZA-led coalition have pointed towards elex today, if no honorable agreement, to media.
@tsipras_eu says not waiting for proposal from creditors, Greece sent own 'comprehensive plan' ystdy. Seeks decision by EU political leaders
SYRIZA Cabinet Members Say no to More Concessions, Talk of Elections http://dlvr.it/B420Lw
Manos Giakoumis retweeted
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
#Greece Deputy PM says the agreement must contain a clear road map ensuring debt sustainability. #ec #ecb #imf #politics #economy
German 10-year +7bps.
EURO-AREA MAY CONSUMER PRICES RISE 0.3%; ECONOMIST EST. 0.2%
Morning Note: 1 RBI cuts rates. RBA does nothing. 2 Late night talks in Berlin #Greece. 3 EZ inflation data est 0.2%
The return of the bond vigilantes? Spain's 10yr yield jumps to highest level since November http://bloom.bg/1LZKYQX
#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
SG Edwards: New round of currency turmoil begins as Yen broken 30y support.Yen weakness will reignite deflation fears
PORTUGUESE 10-YEAR GOVT BOND YIELDS RISE TO THEIR HIGHEST IN NEARLY 6 MONTHS OF 2.87 PCT - TRADEWEB
German economy facing major slowdown, employment growth dropped to just 0.5% Y/Y in April, lowest rate since December 2013.
#PMI #Ireland rose to 57.1 in May (April: 55.8). Production growth at 9-month high http://ow.ly/NKLid
German #unemployment fell by 6k in May. Jobless rate unchanged at record low of 6.4% - Labour Office http://ow.ly/i/b67im
Markit #Greece Manufacturing #PMI at 48.0 in May (46.5 in April), signalling further contraction in the sector http://ow.ly/NKLvv