Catharsis Ours: Economic News , Data And Views ( July 23 , 2015 ) - Greece Updates ( Greece Parliament Finishes Lightning Round Of Passing Required Legislation - Now Negotiations On Third Bailout Can Begin in Earnest / debt relief push back beginning / Greece offered carrots and sticks for more reforms / political developments - domestic politics in focus , economic data ) ...... Spain In Focus ( Economic and Demographic data of note , political updates of note ) ...... Portugal In Focus ( General Election set for October , political insights )

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 

Evening Wrap....

‏@pietercleppe

Germany is happy to take losses on its lending to Greece, if there is #Grexit. The IMF refuses losses no matter what 

Live Squawk @livesquawk

IMF Chief Lagarde’s Push for Greece Debt Relief Sets Up Showdown With German C’llr Merkel -- BBG http://www.bloomberg.com/news/articles/2015-07-23/lagarde-push-for-greece-debt-relief-sets-up-showdown-with-merkel …

‏@NickMalkoutzis

New Democracy decides Meimarakis will remain as leader until spring 2016, reports @geoterzis. 62 of 76 ND MPs had asked for this #Greece

‏@ekathimerini

Hotels risk food shortages http://dlvr.it/BckhtS  

‏@ekathimerini

SEV to ask for lifting of import blocks http://dlvr.it/BckhgR  pic.twitter.com/b0eiuoW8Xt

‏@minefornothing

Senior Greek Official says country will miss 1% primary budget surplus target in 2015

‏@ManosGiakoumis

#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

‏@LondonerVince

Quoted by the @guardian on why the Greek deal is a boon for anti-euro parties in #Italy (and elsewhere). 

Morning Tweets ....

Greece .....

‏@Amazing_Greece

All the streets lead to the sea.

Καλημέρα from Sifnos ! #Greece #Aegean #lp 

‏@NikiKitsantonis

Greek gov official: No additional bill with prior actions will be necessary for conclusion of negotiations.

‏@NikiKitsantonis

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

‏@Schuldensuehner

Greek banks Asset Quality Review, or stress test must be completed by Aug. 20. (BBG)

Fabrizio Goria retweeted

‏@mathieuvonrohr

Once they were known as the troika 

Holger Zschaepitz @Schuldensuehner

Heads of mission of Greek creditor institutions expected to return to Athens on Friday. (BBG)

‏@Schuldensuehner

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)

‏@Schuldensuehner

#Greece's 2y yields continue to rise despite Tsipras got parliamentary approval to negotiate a 3rd Greek bailout. 

‏@BrunoBrussels

Greece takes recessionary VAT measures to pay back eurozone creditors - this is hailed as progress

Peter Kažimír @KazimirPeter

The introduced hike in the value added tax (VAT) is a painful measure, but means quick and instant budget revenue #Greece #eurozone #reforms

‏@YanniKouts

#Greece budget Jan-Jun 2015:

Revenues: -€898ml (-3.95%) vs est

[excl EU funds: -€1.66bn (-7.7%)]

Expenses: -€4.09bn (-15%)

Prim sur+: €1.88b

‏@Schuldensuehner

#ECB's Visco says extending debt repayments wouldn't solve #Greece problems. http://www.reuters.com/article/2015/07/23/ecb-visco-greece-idUSL5N1031FD20150723 … 

‏@nickkounis

Stimulus package for #Greece 

Stathis Kalyvas @SKalyvas

EU considers five-year €35b stimulus package for Greece tied to structural reforms http://www.kathimerini.gr/824641/article/epikairothta/politikh/komision-parallhla-me-8emeliwdeis-metarry8miseis-to-paketo-twn-35-dis …

‏@MNIEurozone

Greece Parliament Approves Bill; Tsipras Contains Syriza Leaks
https://mninews.marketnews.com/content/greece-parliament-approves-bill-tsipras-contains-syriza-leaks …

‏@savaricas

Divorce, battle, rift: 3 newspapers headline the split within leading SYRIZA after vote #Greece 

‏@ManosGiakoumis

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

‏@ManosGiakoumis

#Greece FinMin @tsakalotos reiterates banks will be recapitalised well ahead of Jan 1, 2016, when bail-in is introduced. #economy #ecb #esm

‏@Schuldensuehner

Euro popped higher after Greek parliament passed 2nd reform package. Impact limited as news already priced in. (RTRS) 

‏@NikiKitsantonis

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)

‏@NickMalkoutzis

Here's a man who made the most of staying up until 5 a.m. last night. #Greece 

Damian Mac Con Uladh @damomac

Spreadsheet showing all no/abstaining/absent #Syriza MPs in last two parliamentary votes https://goo.gl/tYsSnz  

‏@Maria_Tejero

View over Syntagma right now from the Parliament. Protests against measures to be approved tonight #Greece 
#Grecia 

Spain.....

‏@Edward_hugh

Spain's economy increasingly becoming low-paid tourism-driven one.

‏@MarkitEconomics

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 

‏@MarkitEconomics

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 

‏@Edward_hugh

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). 

‏@TheLocalSpain

Ex-IMF chief Spanish politican Rodrigo Rato remains tight-lipped when quizzed on fraud charges http://bit.ly/1CWi58F  

‏@minefornothing

Active foreign population in Spain falls 2.67% Y/Y in Q2 to 2.76m

‏@minefornothing

Spanish working age population declined 0.5% Y/Y in Q2 to 30.19m

‏@cnnbrk

Source at Ministry of Foreign Affairs in Spain confirms that 3 Spanish journalists have gone missing in Syria. http://cnn.it/1OyEla8 

‏@LondonerVince

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

‏@15MBcn_int

What end of recession in #Spain if in 6 years of austerity the national debt has tripled? 

Portugal....

‏@LondonerVince

The Portuguese general elections will take place on 4 October. http://www.dn.pt/politica/interior.aspx?content_id=4694262&page=-1 … #Portugal

‏@LondonerVince

Anti-austerity front in #Portugal strong but fragmented: Socialist Party, Left Bloc, CDU (Communists & Greens), Livre (Portuguese Podemos).

‏@FGoria

Greece crisis overshadows Portugal poll http://ift.tt/1Ik8dWR 

‏@Schuldensuehner

#Portugal’s Coelho faces Oct.4 election after surviving bailout. http://bloom.bg/1KkMyA5  

Catharsis Ours

Thursday, July 23, 2015

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