Evening round up....
* Ecb's Nowotny says must examine whether ECB can assist Greece in runup to referendum - newspaper wiener zeitung online
ECB TO CHECK LEGALITY OF GREECE AID W/OUT DEAL: NOWOTNY IN WZ.
Unbelievable. I cannot really imagine the ECB signing off on this interview, what went wrong @michaelsteen?
GREECE GOV'T SAYS JUNCKER PROPOSAL STILL INADEQUATE - GREEK OFFICIAL - MNI
Important on IMF payment rules. Teeny window? @MatinaStevis @SpiegelPeter @MarcChampion1 @Schuldensuehner
Retweeted 52 times
* Greek government official says Greece will not pay IMF loan due on Tuesday - RTRS
#Greece may default on €1.6bn tomorrow, but today it made a €50,000 fee payment to the eurozone's bailout fund, according to 2 #EU officials
Fitch downgrades Greek banks to 'rd' on capital controls
Leaked:@DonaldTusk has written back to @atsipras denying 11th-hr request for bailout extension. Copy of letter here: http://on.ft.com/1JsGsgv
#Greece #capitalcontrol Withdraw limit set to 120 € a day for pensioners; 850 banks will open on Wednesday for those not having a cashcard
Friend at Athens bank said he+colleagues went to work in casual wear for fear of being targeted by angry Greeks. Were told to wear ties tmrw
#Greece Bank branches opening for pensioners postponed 2 Wed or Thursday. Pensioners will be allowed 2 withdraw daily 60E added up 180/240
Morning items !
Here's my summary explanation of why €zone won't accept debt forgiveness for Greece from last wknd:
Eleni Varvitsiotis retweeted
In letter to all #eurozone PMs, @atsipras requesting they reconsider decision not to extend bailout. Leaked copy here http://on.ft.com/1JsGsgv
Geoffrey Smith retweeted
Katerina Sokou retweeted
Peripheral yields higher but stable : Spain 10-year 2.26%, +15 bps; Italy 2.33%, 18 bps; Portugal 2.95%, +24 bps
*NOWOTNY SAYS GREEK ELA LEVEL VALID UNTIL WEDNESDAY
Wednesday happens to be day after IMF default. Would expect to trigger "cosmetic" haircut hike:
Greece in default before July 20? A 20bn Yen Samurai bond matures on July 14. Non-payment would mean first ever default on commercial paper
German Ministry of Finance: Greek Capital Controls are justified and necessary.
That Greek capital control order, now in English via @ManosGiakoumis
Yanis Varoufakis’ Historic Speech at the Last Eurogroup: As It Happened http://dlvr.it/BMFdXT
Philippe Legrain retweeted
The end of "beautiful #EU ideals of peace prosperity+ democracy + the rise of brutal power politics? asks @plegrain http://foreignpolicy.com/2015/06/28/athens-is-being-blackmailed-alexis-tsipras-greece-syriza-eurozone/ …
Greek 10yr yields jump by 370bps to 14.55%, biggest increase since at least 1998. (BBG)
Chart of the day: #Greece's 2yr yields jump to 33.4% on Grexit angst.
EU's Oettinger says
#Greece in Euro more than questionable. “It’s game over in the sense that Greek govt is at an end." (BBG)
Banks among leading decliners in Europe w/ #Greece on edge. Euro Stoxx Banks drops by >5%.
SNB's Jordan: Intervened in Franc overnight as #Greece is a very critical situation and SNB is watching closely.
Preparing for a rough European stock mkt ride: Dax Futures fall 7% at market open but pare some losses. Now down 4.5%
Greek fallout: Italy's bonds fall sharply. 10yr BTP yields jump to 2.49% highest level since Oct.
Bund yields fall sharply on Greek crisis: 10yr yields down 20bps.
Asian stocks slide with #Euro as collapse of Greek rescue talks roiled global markets. http://bloom.bg/1LwAQRW
Greek crisis prompts #euro to slide in early Asian trading. Drops below the $1.10 mark http://on.ft.com/1GUqZSA
ICYMI: SHANGHAI COMPOSITE HEADS FOR BIGGEST 3-DAY DROP SINCE 1996. before dropp only 3.3%