Friday, July 24, 2015

Economic News , Data and Views ( July 24 , 2015 ) Greece Updates (Third Bailout Talks Commencing - once a safe spot found for foreign negotiators , Grexit , The Great Greek Quiz , BRRD , Economic Data - Budget / Primary Surplus / Expenditures , Lending data , Tourism still going strong - and much more ! ) Broader Europe Updates ( Ukraine makes its key interest payment to its creditors as IMF Review looms next week - Frances Coppola covers this for Forbes , Europe data splash , Russia in focus , Odds and Ends touching upon various Eurozone nations ! )


Tweets.....


Greece....






CRT Capital: About 6% of outstanding bank debt in Greece is senior debt that is not guaranteed by the government








* Ecb's Noyer says risk of contagion from Greece for rest of European banks is "next to zero" - RTRS






* Ecb's Noyer in le monde newspaper says thinks there is no longer risk of Greek exit from Euro zone - RTRS








Old Mutual: The BRRD directive might not trigger a bail-in of senior debt in Greece









This is how far we've come... Foreign bureaucrats struggling to find a safe place to meet in Athens











Head of Athens Chamber of Commerce Michalos: "The three-week-long bank holiday has cost €3bn to the market.” (BBG)










Are you a Greek eurozone crisis nerd? Test it here. I scored 67% (default, sadly): Nice quiz,






Head of Athens Chamber of Commerce Michalos: "The three-week-long bank holiday has cost €3bn to the market.” (BBG)























*LUXEMBOURG BOURSE LIFTS SUSPENSION ON 25 GREEK ENTITIES' BONDS




  retweeted
Will the third bailout save from bankruptcy? 71% of Germans say NO, 22% say YES. ( Politbarometer)





risk a crucial element in this & previous contractions - fin controls also a big negative - see Cyprus











budget revenues, primary expenditure and primary surplus in 2015 at a glance.






Lending by overseas banks to Greece fell by $22 bln in Q1 - BIS data








Juncker says expects 'Grexit' off table if Greeks deliver







ECB's Noyer calls for Greek banks capital injection before autumn tests





Greece is still a big draw for luxury travelers







Lagarde push for Greece debt relief sets up showdown with Merkel












Broader Europe.....



The area has not delivered. What went wrong in the last 7 years?









Price to insure against default (CDS) plunges has Kiev has paid $120 mln interest on Jul2017 Dollar bond.






















Ukraine pays its $120m coupon, averting fears of a debt moratorium; Next coupon due Aug 23. --> via








Perspective. Ukraine sovereign debt, $20bn. Greece sovereign debt, $320bn. Germany stands to lose far more than Russia.....






2015 Real GDP Forecasts (y/y): Australia 2.5%, Canada 1.5%, Eurozone 1.5%, Japan 1.0%, NZ 2.9%, Switzerland 0.7, UK 2.5%, US 2.3%. -Bloom








EURO-AREA JULY MANUFACTURING PMI FALLS TO 52.2; FORECAST 52.5







GERMANY JULY MANUFACTURING PMI FALLS TO 51.5; FORECAST 51.9






Emerging Stocks, Gold, Volkswagen Shares Fall With Aussie on China









Volkswagen is crashing after this Manager Magazin report on China EU1B loss











DAX is erasing all the gains on Volkswagen. - Black Swan China?










in the spotlight again aus another collapse in the making: Ruble plunges in tandem with lower oil.












France manufacturing PMI slips back into contraction territory at 49.6 in July.






Pompeii closure 'low blow' - Osanna: Unions 'disrespectful towards tourists'






Eternit case heading to Constitutional Court: Prosecution seeks new trial in environmental disaster






Sicily governor Crocetta says won't quit: Wiretap, criticism 'part of Mafia plot'