Catharsis Ours: Economic News ( June 6 , 2015 ) - Saturday Morning Greece Updates ( Whirlwind week of activity on creditor talks , economic picture , internal and external political picture - apart from taking stock , items for down the road include : After the " Dinner In Brussels " Meeting between Tsipras / Juncker and Dijsselbloem , creditor talks expected to continue this coming week ; Debt Truth Committee meeting on 6/18 ; Tsipras visits Moscow during forum set for 6/18 - 6/20 ; mid month wages and pension payments coming soon ; end of month IMF payments on horizon

Tweets.....

Troika’s proposal to #Greece still negotiable - French Finance minister http://on.rt.com/1dscih  

‏@zerohedge

Junker Declines Tsipras Call: Greece "Not Serious", "No Reason To Meet" http://www.zerohedge.com/news/2015-06-06/junker-declines-tsipras-call-greece-not-serious-no-reason-meet …

zerohedge

Junker Declines Tsipras Call: Greece "Not Serious", "No Reason To...

If Greek PM Alexis Tsipras is serious about sticking with the mandate that got Syriza elected, he got a rude awakening on Saturday when, insulted by the PM’s fire and brimstone speech to parliament,...

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‏@fast_ua

#Ukraine:  Greece and Ukraine crises drown out G7 summit agenda - Yahoo News http://dlvr.it/B79nYd 

Yahoo News

Thousands protest in Bavaria ahead of G7 summit

By Paul Carrel GARMISCH-PARTENKIRCHEN, Germany (Reuters) - Thousands of demonstrators marched in the German resort town of Garmisch-Partenkirchen on Saturday to protest against a meeting of leaders...

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‏@paulmasonnews

Just catching up with my own output from Greece yesterday: it’s all here http://blogs.channel4.com/paul-mason-blog/greece-alexis-tsipras-waive-writ-europe/3789 … inc Syriza explainer and Zoe interview

IMF has betrayed its mission in Greece, captive to EMU creditors

The IMF’s Original Sin in Greece was to let Dominique Strauss-Kahn hijack the institution to save Europe's banks and the euro when the crisis erupted, dooming Greece to disaster.

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The Greek Analyst retweeted

‏@DuncanWeldon

The two variables that matter now for Greece are public opinion & the level of bank deposits. The two that have always mattered.

‏@AmbroseEP

Kathimerini reports deposit flight from Greek banks surged to €700m on Friday. Coming to a head, for Greece and ECB
http://www.kathimerini.gr/ 

‏@YiannisMouzakis

Just as troika demands more austerity from #Greece, Amartya Sen calmly and comprehensively debunks the entire concept http://www.newstatesman.com/politics/2015/06/amartya-sen-economic-consequences-austerity

New Statesman

Amartya Sen: The economic consequences of austerity

On 5 June 1919, John Maynard Keynes wrote to the prime m

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‏@fredwalton216

23% for electricity is disturbing  and > tax on medicines equally disturbing. 

Keep Talking Greece @keeptalkingGR

@minefornothing 2011 VAT went up from 21% to 23% for many products & services. Now they want: 23% for electricity + 11% medicine 9from 6.5%)

fred walton retweeted

‏@ManosGiakoumis

Fitch on #Greece: Missing the larger end-Jun payment to the #IMF would be credit negative. #economy #ec #ecb

fred walton retweeted

‏@ManosGiakoumis

Fitch: #Greece #IMF bundling highlights extreme liquidity pressure, no direct implications 4 'CCC' sovereign rating. #economy #ec #ecb #imf

fred walton retweeted

‏@ManosGiakoumis

#Greece revenue gap (vs target) widened by ~€1 bln in May due to delay in corp income tax collection, lower VAT & ANFA (via @naftemporikigr)

fred walton retweeted

‏@ManosGiakoumis

Acc to #Greece gov't projections incl in the 47-page document sent to institutions. #ec #ecb #imf #pension  

fred walton retweeted

‏@Hugodixon

@Simon_Nixon how much ELA can banks get without bigger haircuts?

fred walton retweeted

‏@xrisolora

@Hugodixon @Simon_Nixon 95 billion. It is expected to go down to 89 billion with a new haircut.

fred walton retweeted

‏@Hugodixon

@Simon_Nixon @xrisolora i'm not so sure. my info is there's large group on ECB who wanted to higher haircuts even before IMF non-payment etc

‏@fredwalton216

Putin holds phone call with Tsipras, agrees to meet in 2 weeks in Russia — RT Business http://rt.com/business/265210-putin-tsipras-phone-talk/#.VXI3zX__gWQ.twitter …

‏@SpiegelPeter

To be a fly on wall at next wk's @ecb #Greece collateral haircut debate after that @atsipras speech completely rejecting creditors' offer...

‏@NickMalkoutzis

Tsipras says based on debate in Parl't he feels it's right to reject institutions' proposals. Glad someone got something out of it #Greece

‏@YanniKouts

#Greece poll [MetronAnalysis/@parapolitika]: Syriza 45, ND 21.4, Potami 7.4, GD 5.3, KKE 5.2, IndGrks 3.8, PASOK 3.5 

‏@YanniKouts

#Greece poll [MetronAnalysis/@parapolitika]: Should the gov't accept creditors' proposals?
Yes 47%
No 35%

‏@YanniKouts

#Greece Tsipras speech recap:
- no to creditors' demands
- Greek proposal the only realistic blueprint
- calls on opposition to support him

‏@YanniKouts

#Greece PM Tsipras goals:
- low primary sur+
- debt relief
- pension system protection
- wealth redestribution
-labor protectn
- investments

‏@YanniKouts

#Greece PM Tsipras: We are closer than ever to an agreement. We have made a realistic proposal and we are willing to compromise.

Catharsis Ours

Saturday, June 6, 2015

Junker Declines Tsipras Call: Greece "Not Serious", "No Reason To...

Thousands protest in Bavaria ahead of G7 summit

IMF has betrayed its mission in Greece, captive to EMU creditors

Amartya Sen: The economic consequences of austerity

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