Saturday, July 25, 2015

Economic News , Data and Views ( July 25 , 2015 ) Commodities crashing and the global implications ..... German Political scene - Schauble influence greater than Merkel's at present ..... Spain in foocus - Farmers threaten boycott of French food industry over milk prices , employment by region , spanish influence on international political scene waning , olive oil prices rises due to disease in Spain and Italy .......Italy in focus - business items of note .... Greece Updates for Saturday ( political front , creditor talks , economic news , items of interest )

Tweets.....


Commodities crash.....






Commodity Collapse Is not Slowing Down Amid Worst Week of 2015







Miners shed thousands of jobs as commodities plunge; Anglo-American to cut 53,000 positions







Hedge Funds Are Holding First-Ever Net-Short Position.










Chart: The CRB Commodities Index -






Emerging Markets vs. S&P back to '05 levels. Hindsight: commodities bust, slower growth, inflation, currency deprec








Chart: Energy sector investors capitulating ( ) -












Falling oil prices have played havoc with Latin American investment plans. Mexico is wary







Germany.....








Nothing To See Here: German Regulator Decides Deutsche Bank CEO Didn't Know About LIBOR After All





Schäuble beats Merkel on handling of : Share of Germans who think FinMin done good job was 74% vs 62% Merkel.






Establishing a European tax? 's FinMin Schäuble ready to contribute to budget, Spiegel reports.









Spain.....




PSOE & PP neck & neck in latest Metroscopia poll, but hard to see how a government will be formed after Sp elections.









Spanish Small Farmers' Association (UPA) "does not rule out" boycott of French food industry and distribution centers in milk price dispute.




















SPAIN EMPLOYMENT - the best and worst performing provinces.





Is Spain's influence on the world stage waning? Few Spaniards now occupying key posts overall









"Olive oil prices arises due to drought and disease in Spain and Italy"





Italy....


"The awe-inspiring gardens at Isola Bella, Italy - true beauty" - captured by our Travel Director Gianmarco








Euro Zone: Italy Leans While Greece Tumbles - Bloomberg Business - Bloomb...








Ferrari readies to launch IPO on Wall Street: The manufacturer of Italy's iconic Fe...










Retail sales in fell 0.1% in May (+0.7% in April). Food sales down 0.2%, non-food sales unchanged







Greece.....







Was supposed to be Friday... then Monday... now Greece’s Creditors To Begin Talks With Govt Tuesday: Official







Talks regarding privatization of airports - still stalled....












Greece will look at alternatives to privatising ADMIE: Newly appointed Energy Minister Panos Skourletis...





is an incredibly beautiful country. Out on the tiny island of Moni today taking a break from Athens.
















PM Tsipras told party leaders yesterday government plans to submit ESM loan bill to parliament on August 18 ~


















President of Bundesbank: Debt Extension Proposal too Late for Greece







Elections














This is what Greece has to pay in the short term








This is a fantastic read on Greece & Syriza's divisions. Highly, highly recommended.












State Minister Flambouraris "If agreement is that they [lenders] have to enter ministries then we have to abide by agreement"









New opinion poll by Metron Analysis in GR: 33,6% (-4,5% in a fortnight), 17,8%, 6,1%. 78% for €, 19% for drachma













This Is the End of the Line for Syriza









will bring issue of debt sustainability to the fore - difficult to see & IMF agreeing on this








The view from Spetses My piece for Tourism in Greece feels the pinch of debt crisis via










's Noyer: Majority of GovCncil against bail-in of uninsured depositors as it wld hit SMEs &wld destroy economy's productive base