Thursday, July 2, 2015

Economic News , Data and Views ( July 2 , 2015 ) - Broader Europe & Asia In Focus ( Items of note from Italy , Spain EZ in general , China ) ..... Greece - center of universe these days , in focus ( Items touching on the Referendum , state of play of domestic & international politics / creditor talks , polling and more ! )


Broader Europe & Asia .....

The has underperformed since the single currency launched.




Obama, Renzi talk about Greece, terrorism in call: Leaders stress need for close coordination





Renzi meets Merkel amid hopes: Premier tells Athens to respect rules, adopt reforms





Worst June for Rajoy since he took office in terms of reducing unemployment:






 retweeted





  retweeted

Euro area industrial producer prices stable in May 15 over Apr 15, -2.0% over May 14






UK Construction up from 55.9 in May to 58.1 in June




  retweeted

Swedish cut rates to -.35 and will buy sek 45b more bonds. In a country with 2 1/2% y/y real gdp growth. Hmmm.....





Morning Note: 1. Tsipras Vs Tsipras. 2. Shanghai stocks gets crazier. 3, Jobs day (on a Thursday!) est 233k







Shanghai Comp -6.3%




  retweeted

The trading floor at the Shanghai Composite looking pretty tense these days













Greece.....


  retweeted








Former Greek PM Costas Simitis urges 'yes' in referendum via written statement







VAROUFAKIS: WILL QUIT IF YES VOTE







Varoufakis says Greek gov't "may very well resign" in case of 'Yes' victory in Sunday's referendum.








Varoufakis: We "may very well" resign if 'Yes' wins, "but we'll do it in spirit of cooperation with whoever takes over from us".









Would sign a bailout agreement without debt relief? "I'd rather cut my arm off."






*NOVARTIS SAYS WORKING TO ENSURE SUPPLY OF MEDICINES IN GREECE




*DIJSSELBLOEM SAYS BANKS ONE OF THE BIG PROBLEMS GREECE FACES




  retweeted


With the declaring 's non-payment a "default event", does Klaus Regling now have the largest NPL portfolio in eurozone?







* Eurogroup's dijsselbloem: situation in Greece is "dramatically deteriorating day by day" - RTRS






* Dijsselbloem: Greek "yes" vote offers better prospects for resuming talks - RTRS








*DIJSSELBLOEM SAYS SOME IN EUROGROUP ADVISED EARLIER REFERENDUM





's Dijsselbloem: Promise Made in 2012 Of Greek Debt Relief Is No Longer Available. (DJ)









Two MPs of coalition partner Independent Greeks, Vassilis Kokkalis & Costas Damvolitis, say will break from gov and vote Yes






  retweeted






Momentum builds in Greek coalition partner against . Five MPs want vote annulled, 3 to break gov ranks + vote YES if goes ahead





  retweeted

Supermarket employee:pasta, flour, rice, sugar& evap milk flying off the shelves faster than they can restock








  retweeted

Yes pulls ahead in GPO poll. 47% to 43%. Need a clutch of polls to judge, but OXI certainly slipping







  retweeted


beware of Greeks bearing gifts = beware of Gref polls w/out margin of error stats, sufficient sample sizes,non-bias wording








  retweeted

'No' posters popping up around Athens






They keep arguing 's debt is sustainable, what they really thought in 2011 when they were arguing the same









  retweeted

Neither growth or austerity will succeed "even over multiple generations" in cutting Greece's debt of 177%/GDP to manageable level -Moody's



No comments:

Post a Comment