Catharsis Ours: Economic News , Data and Views ( June 9 , 2015 ) - Broader Europe ( EU Referendum stirs chaos within Tories and Cameron , HSBC looks to cut 25,000 job globally to save 5 BN annually , Major fuel fire near Kiev , Data splash - Austria and Germany ) ... Latest Greece Updates ( Greece submits latest plan to Troika , Greece economy presently reflective - to an extent , recession commencing in Q4 2014 { compounded by uncertainty and acrimony earlier - as per Nick Malkoutzis } , Greece revenue shortfall increased by 650 MN in May - delay in corp tax and lower VAT , Grexit warning from Tsipras even as kick the can nine month extension floated , Strong earthquake rattles Athens

Tweets....

Broader Europe ....

EU referendum: David Cameron in chaos over whether to force ministers to quit over vote | via @Telegraph http://www.telegraph.co.uk/news/newstopics/eureferendum/11660425/EU-referendum-David-Cameron-in-chaos-over-whether-to-force-ministers-to-quit-over-vote.html …

Graeme Wearden retweeted

‏@jilltreanor

HSBC moves to cut 25,000 jobs globally http://bit.ly/1IAj4gA 

‏@FGoria

HSBC eyes $5bn in annual cost savings http://ift.tt/1dZeFae 

‏@FerroTV

Morning Note: 1. HSBC plan takes out ~10% of full-time jobs. 2. UK debates Brexit. Over it? 3. China low inflation... 

‏@russian_market

Fuel fire near Kiev: 6 people hospitalized, 6 missing 

‏@RT_com

DEVELOPING: Ukrainian oil depot blaze threatens gas pipelines nearby – local media http://on.rt.com/52b9oi  #Kiev 

‏@minefornothing

In 2014, Austria's unit labour costs grew 3.1% vs. Eurozone average of 1.2% and 1.7% in Germany. Losing competitiveness?

‏@minefornothing

German manufacturing output grew 2.1% Y/Y in April

Domestic -1.5%
Eurozone +4.9%
Non Eurozone +6.8%

Greece....

‏@minefornothing

REVISED GREEK PLAN NOT CREDIBLE, INTERNATIONAL OFFICIAL SAYS

‏@minefornothing

@minefornothing GREEK REVISED PROPOSAL VAGUE REHASH OF EARLIER PLANS: OFFICIAL

‏@ManosGiakoumis

A referendum may be held in the South Aegean islands re abolition of discount VAT rates. #Greece #politics #economy

‏@YanniKouts

#Greece submitted a 7-page revised proposal, 3 pages on fiscal issues & 4 pages on covering funding gap ~@kathimerini_gr /ht @ManosGiakoumis

‏@YiannisMouzakis

ESM money's been repaying ECB for the last 3 years, makes sense, needs 3rd programme, Tsipras should stop pretending 

lemasabachthani @lemasabachthani

*GREECE SAID TO ASK CREDITORS FOR ESM MONEY TO REPAY ECB

‏@YanniKouts

European sources say that a bailout extension to May 2016 would be logical if needed, aligns with IMF. /via @parisnewsroom #Greece

‏@YanniKouts

If ECB & Eurozone NCBs sell back SMP GGBs to #Greece at purchase price, they can save Greece ~5% of its debt/GDP.

‏@OpenEurope

#Greece has submitted new reform plan to creditors (@RANsquawk via AFP) - said to ask for t-bill increase & ESM loans to pay off #ECB

‏@ManosGiakoumis

#Greece #economy #ec #ecb #imf  

Michael Hewson @mhewson_CMC

*GREECE SAID TO SUBMIT REVISED 3-PAGE PROPOSAL TO CREDITORS

‏@ekathimerini

Greek PM Tsipras says accord possible if pensions are not cut http://dlvr.it/B8PXMJ 

‏@russian_market

Greece said to ask creditors for ESM money to repay ECB

‏@YanniKouts

#Greece has submitted a revised proposal and the 'Institutions' have begun examining it ~EU official to AFP's @CSpillmann

‏@NickMalkoutzis

@GreekAnalyst It seemed recession had bottomed out, allowing a slow & fragile recovery to begin.

‏@NickMalkoutzis

@GreekAnalyst For all current govt's failings, worth pointing out recession returned in Q4 2014, while uncertainty & acrimony even earlier

‏@ManosGiakoumis

#Greece revenue shortfall widened by €650 mln in May due to delay in the collection of corporate income tax & lower VAT, acc 2 local media.

The Greek Analyst retweeted

‏@guardian

Greek PM issues Grexit warning amid talk of nine-month extension - live updates http://trib.al/JB0e2xv  via @businessdesk

‏@LondonerVince

Greek PM Tsipras: "I don't foresee and don't want [snap] elections. We received a popular mandate only 4 months ago". (@Corriereit) #Greece

‏@minefornothing

Moody's warns of capital controls as Greek banks bleed up to €300m per day in deposits http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_08/06/2015_550817 …

‏@minefornothing

Greece Lashes Out at Creditor Demands http://www.bloomberg.com/news/articles/2015-06-08/eu-frustration-mounts-as-greece-lashes-out-at-creditor-demands …

‏@GreekReporter

Strong Earthquake Off Evia Island Rattles Athens http://dlvr.it/B8JkcB  #GreekNews

‏@EMSC

#Earthquake (#σεισμός) M5.2 strikes 79 km NW of #Athens (#Greece) 3 min ago. More info: http://www.emsc-csem.org/Earthquake/earthquake.php?id=445761 …

Time	Mag. / Depth	Location	Map	Source
Tue, 9 Jun (25 earthquakes)
Tue, 9 Jun 01:09 UTC	M 5.2 / 10 km - [info]	Greece I FELT IT	[Map]	GFZ

Mon, 8 Jun 22:20 UTC

M 4.4 / 43 km - [info]

Crete, Greece
I FELT IT

[Map]

GFZ

Catharsis Ours

Tuesday, June 9, 2015

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