Catharsis Ours: Economic News , Data And Views ( July 31 , 2015 ) Broader Europe in Focus ( EZ Unemployment Data , EZ Inflation Data , Ruble Falling Along With Oil Troubles , SNB Troubles - Big 1H Loss posted , IMF In Focus ) ..... Greece Updates ( Creditor Talks Items , Greece Political Items and Economic Data , Tsipras In Parliament This Morning - Defends Both Plan B and Former Fin Min Varoufakis ! ) China Stock Market Items ( Shaghhai Market Index lost 14.3 % for July , More Investigations Underway , IPO Market Hit By Suspension Of New IPOs )

Evening Wrap...

Athens, Greece 

‏@fredwalton216

Mish's Global Econ Trend Analysis: Greek Stock Market Reopens (sort of); Math Perspective on the "Bailout" http://po.st/GSXeRG  via @po_st

‏@fredwalton216

@Po_st @albertjohn @alexdelprete @KellerZoe Takeaway -At 0 % int , w/ 3% annual primary surplus, assume all surplus goes to repay 1

‏@fredwalton216

@Po_st @albertjohn @alexdelprete @KellerZoe creditors - still would take 50 years to repay 326bn worth of debt ! So , debt wall after any 2

‏@fredwalton216

@Po_st @albertjohn @alexdelprete @KellerZoe of ten/ twenty years debt moratorium,  is still a 50 year debt wall to climb ! And assumes 0 interest and 3% P.S 3

‏@fredwalton216

@Po_st @albertjohn @alexdelprete @KellerZoe  So , this debt is basically "unpayable "  debt ( thus a huge debt moratorium being trial ballooned .) Ultimate can kick 5

‏@zerohedge

Bundesbank VP Claudia Buch says debt relief impossible because of no-bailout clause. So IMF is out for good

‏@tassagency_en

IMF approves allocation of next tranche of $1.7 billion to Ukraine http://tass.ru/en/economy/811986 …

‏@ekathimerini

Capital controls are eased but companies see it as insufficient http://dlvr.it/Bj8ymT  

‏@NikiKitsantonis

Greek FinMin @tsakalotos met troika chiefs, discussed fiscals, bank recap, privatization. 'Was convergence on some points, less on others.'

‏@ManosGiakoumis

#Greece FinMin said inaugural discussion with institutions focused on fiscal issues, bank recap and privatization fund. #ec #ecb #imf #esm

‏@minefornothing

GREEK STOCK MARKET AIMS TO REOPEN ON MONDAY, STILL NEEDS FINANCE MINISTRY DECREE DETAILING NEW TRADING RULES - REGULATOR

Morning Tweets.....

Broader Europe.....

@ minefornothing

Eurostat says French unemployment rate was 10.2% in June, unchanged from June 2014

@ windsorbrokers

Crude Oil prints fresh session low at 47.68. $$ # CRUDEOIL  # FX #

@ MNIEurozone

Germany Q2 retail sales -0.3% vs. + 1.8% Q1 Q2 retail sales France -0.1% + 1.5% vs. Q1

@ minefornothing

French consumer spending fell 0.1% in Q2 - Stats Office

‏@OpenEurope

Handelsblatt: Sanctions on Russia are full of holes and hurting German business http://openeurope.org.uk/daily-shakeup/schaubles-proposals-to-restructure-commission-receive-mixed-response-in-germany/#section-8 …

‏@natashadoff

Templeton group offers Ukraine 5% principal cut in first sign they are willing to take a haircut to the bonds --> http://bloom.bg/1DSHlb5 

‏@MoscowTimes 0

Which #Russian Regions are Most Affected by the Economic Crisis? (Infographic) http://tmt-go.ru/526483  #news

‏@cigolo

Italy's youth unemployment skyrockets to 44.2% (+1.9 percentage pts in a month) in June 

‏@cigolo

Ita male unemployment hits new record high in June 

‏@Schuldensuehner

What recovery? #Eurozone unemployment edged back up by 31k in June, mainly due to #Italy. Rate remains at 11.1%. 

‏@MehreenKhn

Unemployment in the eurozone. Greece: 25.6%. Germany 4.7% 

‏@Schuldensuehner

#Eurozone inflation stays close but above Zero. July CPI YoY remains at 0.2%, matching estimates. 

‏@Schuldensuehner

#Russia Ruble in free fall. Ruble weakens beyond 60 per Dollar, weakest since March as Brent oil continues to drop. 

‏@Schuldensuehner

#Finland is poster child for why #Euro doesn’t work. Unemployment in Finland increased by most in May YoY. (via BBG) 

‏@Schuldensuehner

SNB posts 1H loss of CHF50.1bn, 1H results driven by currency, #Gold price developments. 1H Loss on Gold at CHF3.2bn. 

‏@Schuldensuehner

#IMF Reiterates Unwillingness to Fund #Greece Without Debt Relief. http://bloom.bg/1LZSBuz  

‏@NinaDSchick

German pwr in Commission: Holds 10.2% of posts (more than any other EU country) and 9 of the 28 Commissioner's Cabinet Heads are German.

Greece.....

‏@Schuldensuehner

EU sees 'nothing new' in #IMF stance on Greek debt, next package, EU spokesperson says. (BBG)

‏@nytimes

Bailout money goes to Greece, only to flow out again http://nyti.ms/1DTLKuz  

‏@flindner23

The big conflict of interest the ECB is facing in 1 paragraph, by the great @Frances_Coppola: http://coppolacomment.blogspot.co.uk/2015/07/in-defence-of-conflicted-ecb.html … 

‏@MacroPolis_gr

#Greece May Retail Turnover +2.5% YoY from rev -3.1% in Apr. Retail Volume +4.2% YoY in May from rev -1.8% in Apr (ELSTAT). #economy

‏@BrunoBrussels

And, quite right too… RT @YanniKouts: Tsipras gives full cover to Varoufakis

‏@Schuldensuehner

Greek PM defends 'emergency' plan for potential #eurozone exit. http://reut.rs/1H9ryEP  #Grexit 

‏@YanniKouts

#Greece PM Tsipras defends Varoufakis' Plan B, says country had to prepare a contingency plan. 

‏@Independent

Barter is booming in Greece for the first time since the Nazi occupation http://ind.pn/1Dd21zw  

‏@YiannisMouzakis

Dec 14 - Jun 15, in 7 mths #Greece banks lost almost half of the volume of deposits gone in 33 mths Oct 09 - June 12 

@ ekathimerini

Bailout talks to shift gear http: // dlvr.it/BhsLds  

‏@Schuldensuehner

#Greece GDP collapse not just a story about fiscal austerity. Greek banking sector’s balance sheet contracted by 20%. 

‏@Telegraph

Greece crisis escalates as IMF withholds support for new bail-out deal http://www.telegraph.co.uk/finance/economics/11773977/Greece-crisis-escalates-as-IMF-witholds-support-for-a-new-bail-out-deal.html … 

‏@RT_com

Why did #Varoufakis keep #Greece ‘Plan B’ in secret? - prof. James Galbraith @UTAustin explains @AmeeraDavid

https://soundcloud.com/rttv/varoufakis-plan-secret-bb …

SoundCloud

Why did Varoufakis keep Greek ‘Plan B’in secret? @UTAustin prof....

The deal with creditors was “not of our choice,” Prime Minister Alexis Tsipras has said, adding that Greece faced the dilemma between a difficult compromise and disorderly default. RT's Ameera David

View on web

China......

‏@george_chen

BREAKING: China announces new rules on stock index futures trading to curb speculation and tighten supervision following recent market crash

‏@george_chen

From Aug 3, China Financial Futures Exchange will closely monitor any "abnormal trading behavior" and report to gov 

‏@george_chen

BREAKING: To suspend new IPOs is necessary amid market crash but such IPO suspensions will be just temporary - Chinese securities regulator

‏@george_chen

Chinese securities regulator: China will continue to push "market-oriented" stock market & IPO reform forward after recent market correction

‏@george_chen

BREAKING: Key Shanghai stock index lost 14.3% in total July; down 1.13% today amid CSRC investigation into brokers in Hong Kong & Singapore

Catharsis Ours

Friday, July 31, 2015

Why did Varoufakis keep Greek ‘Plan B’in secret? @UTAustin prof....

No comments:

Post a Comment