Big Tweet of the day.......
Mario Draghi: The ECB Has No Mandate To Ensure Checks Clear Or Credit Cards Work: By Nathan Tankus, a writer f... http://bit.ly/1GGZgkO
Germany is happy to take losses on its lending to Greece, if there is #Grexit. The IMF refuses losses no matter what
New Democracy decides Meimarakis will remain as leader until spring 2016, reports @geoterzis. 62 of 76 ND MPs had asked for this #Greece
Senior Greek Official says country will miss 1% primary budget surplus target in 2015
#IMF spokesman (4): There is a difficult path ahead, we are in the beginning of the process (re negotiations w/ #Greece). #economy #ec #ecb
fred walton retweeted
Quoted by the @guardian on why the Greek deal is a boon for anti-euro parties in #Italy (and elsewhere).
Morning Tweets ....
All the streets lead to the sea.
Greek gov official: No additional bill with prior actions will be necessary for conclusion of negotiations.
Greek gov official:reps of creditors due in Athens for talks Fri, aim to conclude negotiations by Aug 18, decisions on Stock Exchange nxt wk
Greek banks Asset Quality Review, or stress test must be completed by Aug. 20. (BBG)
Fabrizio Goria retweeted
Once they were known as the troika
Greek govt examines prospect of new bridge loan by EFSM, if no agreement reached before Aug. 20, when bond redemption to
#ECB is due. (BBG)
#Greece's 2y yields continue to rise despite Tsipras got parliamentary approval to negotiate a 3rd Greek bailout.
Greece takes recessionary VAT measures to pay back eurozone creditors - this is hailed as progress
Revenues: -€898ml (-3.95%) vs est
[excl EU funds: -€1.66bn (-7.7%)]
Expenses: -€4.09bn (-15%)
Prim sur+: €1.88b
#ECB's Visco says extending debt repayments wouldn't solve #Greece problems. http://www.reuters.com/article/2015/07/23/ecb-visco-greece-idUSL5N1031FD20150723 …
Stimulus package for #Greece
Greece Parliament Approves Bill; Tsipras Contains Syriza Leaks https://mninews.marketnews.com/content/greece-parliament-approves-bill-tsipras-contains-syriza-leaks …
Divorce, battle, rift: 3 newspapers headline the split within leading SYRIZA after vote #Greece
No further damage for
#Tsipras in second vote as #SYRIZA stand-off continues. http://www.macropolis.gr/?i=portal.en.politics.2767 … #Greece #politics #euro
#Greece FinMin @tsakalotos reiterates banks will be recapitalised well ahead of Jan 1, 2016, when bail-in is introduced. #economy #ecb #esm
Euro popped higher after Greek parliament passed 2nd reform package. Impact limited as news already priced in. (RTRS)
2nd set of prior actions passes in Greek Parl w 230 yes, 63 no, 5 abstaining + 2 absent. Syriza defections trimmed to 36 (from 38 last week)
Here's a man who made the most of staying up until 5 a.m. last night. #Greece
View over Syntagma right now from the Parliament. Protests against measures to be approved tonight #Greece #Grecia
Spain's economy increasingly becoming low-paid tourism-driven one.
Spanish unemployment rate down to 22.4%, lowest since Q3 2011. Growth of temp staff outpaces that for perm contracts http://ow.ly/i/bY8N0
Spain's youth unemployment rate dips to 49.2% in Q2, below 50% for the first time since Q4 2011 http://ow.ly/i/bY8GG
Spain has another v good quarterly jobs report. Employment y-o-y up 2.96% (vs 2.97 Q1) or 514k more jobs (vs 504k).
Ex-IMF chief Spanish politican Rodrigo Rato remains tight-lipped when quizzed on fraud charges http://bit.ly/1CWi58F
Active foreign population in Spain falls 2.67% Y/Y in Q2 to 2.76m
Spanish working age population declined 0.5% Y/Y in Q2 to 30.19m
Source at Ministry of Foreign Affairs in Spain confirms that 3 Spanish journalists have gone missing in Syria. http://cnn.it/1OyEla8
Podemos was harmed by Greek deal, but don't rush to count them out. My latest for
@OpenEurope blog: http://openeurope.org.uk/blog/podemos-down-but-not-out/ … Cc @ahorapodemos
EU Busters retweeted
What end of recession in #Spain if in 6 years of austerity the national debt has tripled?
The Portuguese general elections will take place on 4 October. http://www.dn.pt/politica/interior.aspx?content_id=4694262&page=-1 …
Anti-austerity front in
#Portugal strong but fragmented: Socialist Party, Left Bloc, CDU (Communists & Greens), Livre (Portuguese Podemos).
Greece crisis overshadows Portugal poll http://ift.tt/1Ik8dWR