Friday, July 3, 2015

Greece Special Report and Updates ( July 3 , 2015 ) - Two days before the historic referendum ( assuming it's not declared unconstitutional or otherwise shelved ) , a check on state of play - polling ( too close to call between yes and no votes ) , capital control and financial impacts , political state of play domestic and international , great commentary and opinion pieces - as usual ! )


Tweets.....

meanwhile in Greece... Capital Controls Day 4! photo #6



meanwhile in Greece... Capital Controls Day 4! photo #5






tsipras live.


tsipras says IMF report is a huge vindication for the greek government





tsipras: this postion never presented by the creditors and missing from the institutions final proposal





tsipras says IMF report justifies our decision not to accept an agreement that doesn't address this point





tsipras: on sunday deciding whether we will agree to slow death of the economy



tsipras: or if w/decisiveness we bolster our bargaining strength to give a final end to this 5 yrs of catastrophe







tsipras calls for unity in facing our common future. whatever we chose on sunday, there won't be anything dividing us on sunday








tsipras went on tv today essentially to endorse the IMF report by asking for a 30% debt haircut and 20yr grace period. and appeal for unity











*EFSF OPTS FOR RESERVATION OF RIGHTS ON LOANS TO GREECE







EFSF BOARD RESOLVES TO DECLARE DEFAULT BY GREECE





DIJSSELBLOEM SAYS NO NEW PROPOSALS HAVE BEEN SENT TO ATHENS






GREECE NEEDS REFORMS TO RESTORE DEBT SUSTAINABILITY - SUSTAINABLE GREEK DEBT DOESN’T NECESSARILY MEAN HAIRCUT: JAEGER






DIJSSELBLOEM SAYS IMF DEBT ANALYSIS BASED ON OUTDATED MODELS. So haircut needed now is even bigger








GREEK ECONOMIC SITUATION DETERIORATED UNDER TSIPRAS - IMF WON’T FUND GREECE AS LONG AS GREECE IS IN ARREARS: JAEGER






*GREEK ESM PROGRAM WOULD REQUIRE GREEK APPLICATION FIRST: JAEGER





*GERMANY STILL WANTS IMF TO BE PART OF GREEK BAILOUTS: SEIBERT




's NOWOTNY RULES OUT PARALLEL CURRENCY FOR GREECE: APA






Greece Makes EU3.8 Million Euro Bond Coupon Payment: Reuters







Ref 2 close to call / highest stakes / no exter monitoring /100s of islands/ dodgy ballots/ 1 of largest army. What could possibly go wrong?






Between Scylla and Charybdis







IMF's DSA "reads like an early autopsy on the policy of austerity first, debt relief maybe"





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polls by Ethnos (44.8% YES vs 43.4% NO) and Bloomberg (43% NO vs 42.5% YES) show result is too close to call.

















New Alco/ poll on Greek referendum: YES 41.5%, NO 40.2%. Valid votes only: YES 44.8%, NO 43.4%.









IMF gets adult about Greece




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IMF raises referendum stakes with call for more aid for Greece and debt relief







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says if votes no in referendum Greek position is dramatically weakened in negotiations, directly contradicts Greek govt




"He's been sucking your blood for 5 years. Now tell him NO" - Greek referendum poster. (h/t )








"Should we support with further taxpayer's billions?" - launches its own referendum.






poll in Ethnos paper: 74% want euro; 'yes', 'no' votes almost equally split, 11.8% undecided.











Council of State is expected to rule today whether is constitutional.





Greece's banks limp until vote in hope for Monday ECB salvation








Angry EU leaders lash out at Greece, eyeing endgame









SYRIZA's Tsakalotos says referendum was called to stave off government collapse







UBS sees overall probability at 40%. Sees probability in the event of a Yes at 20% and No (70%) vote, alike.










Greek FinMin Varoufakis: Deal is more or less done. Says banks will re-open on Tuesday. Says Greek banks not insolvent. (BBG)






Dombrovskis says Greek referendum question is neither factually nor legally correct. via







Oh, c'mon Victor. Just give us a hint!

















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    Has Greece already defaulted on the ECB? Interesting from JP Morgan












    Martin Armstrong: Troika Is Maneuvering To Rig The Greek Referendum







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    “We have no idea, but here are some random numbers anyways. Now pls trade with us thx.”