Monday, July 6, 2015

Greece Special Report ( July 6 , 2015 ) - Examining The State Of Play The Day After Greece's Landslide Referendum And NO Vote -- ECB In Focus Monday Afternoon For ELA Fro Greece Banks , Grexit Coming Up , Reactions Of Troika Members , State of Play - Restarting Negotiations , Domestic and International Politics , Much more ! )


Tweets.....





to discuss this afternoon







counsel P Athanassiou 2009 "expulsion is not catered for in treaties, however serious or repeated a MemberState’s non-compliance" 1/2








2/2 counsel in 2009 "..and however much [the Member State's] departure may be desired by its partners.”







Greek PM fairly omnipotent at home after referendum win. It will count for little if lenders don't play ball









Greece must go back to square one on debt relief, EU says










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ECB not doing "whatever it takes"?






Greek PM plans phone conversation with Monday

















political leaders' meeting still underway after almost 4 hours.










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Source: Germany et al insisting Greece must make completely new proposal - all previous, including last week's ESM letter not be accepted












So nutshelled: declines to say if Greece stays in euro, debt relief off table & questions legitimacy of the Greek referendum












* Dijsselbloem: Greek reforms are still needed after referendum - RTRS










* Eurogroup's dijsselbloem: Greek referendum not bringing us closer to a solution - RTRS











* Italy's renzi says Tuesday Euro zone meeting must offer definitive way to resolve Greece crisis - RTRS












As creditors await concrete proposals, asks party heads to back referendum mandate for 'viable solution'.









Debt restructuring was only on offer after completion of 2012 programme. so offer not on table anymore says



















*DOMBROVSKIS: EUROGROUP MANDATE NEEDED TO RESTART NEGOTIATIONS









*MERKEL READY TO TALK TO TSIPRAS AT BRUSSELS SUMMIT: SEIBERT







*DOMBROVSKIS: `NO' VOTE MAKES THINGS MORE COMPLICATED










*NOWOTNY SAYS DEVELOPMENTS DON'T MAKE ELA DECISION EASIER







*NOWOTNY SAYS ECB BOUND TO RULES IN ELA DECISION










*UP TO INSTITUTIONS TO RULE ON GREECE’S ESM ELIGIBILITY: JAEGER








*MONTI: GREECE SHOULD NOT BE GIVEN SPECIAL TREATMENT









Varoufakis Resignation Does Help A Lot: Malta's Scicluna











ECB NOYER: GREECE DEBT TO EUROSYSTEM CANNOT BE RESTRUCTURED - MNI








Merkel's spoxman : Door is open 4 negotiations, we have to look into 's gov't new proposals" at EU Summit Tue










European bonds now... Check out Creece!






So presumably severity of situation was overstated yesterday? Haven't read any reports of inability to withdraw yet.










Varoufakis departure 1st part reshuffle for Tsipras? Will he discuss cross-party negotiating team with party leaders today?








PASOK MP Grigorakos tells Mega TV his party would take part in national negotiating team









*TSIPRAS TO ANNOUNCE NEW FINMIN AFTER LEADERS MEETING: SPOKESMAN









Varoufakis: I am leaving the Ministry of Finance today!









Varoufakis announcement on his resignation (MoF).













UN debt expert says Greece can't take more austerity








president Prokopis Pavlopoulos meets w/ & heads of other main political parties (h/t )








Greece, GDP growth rate 2007: 3.5% 2008: -0.4% 2009: -4.4% 2010: -5.5% 2011: -9% 2012: -6.6% 2013: -3.9% 2014: 0.8%





Q: you’re telling us that the German Wirtschaftswunder was based on the same kind of debt relief that we deny Greece today? Piketty: Exactly






Everything important you need to know about the Greek crisis so you don't sound like an idiot







's 10yr yields continue to rise. Trades now at >17%, highest since 2012 as denomination risk has risen.










IMF's latest report on Greece sees 2015 GDP growth at 0% - will be MUCH worse!






















A timetable for Greece's coming hurdles: