#Schäuble: Its not only about #Greece. It's about Europe. And how to build a single currency that works for the entire EZ.
#IMF's Lagarde: No solution possible for #Greece without debt reduction. Greek debt's direct haircut seems excluded. (DJ)
#IMF's Lagarde tells French radio was against IMF involvement in Greek crisis in 2010. (DJ)
See if you can spot the pattern in the IMF's periodic revisions of Greek debt-burden forecasts http://on.wsj.com/1e3t5VY
#Athens is literally #burning as 66 simultaneous #wildfires broke out in #Greece. http://www.zerohedge.com/news/2015-07-17/greece-burning-literally …
#Greece primary surplus still result of expenditure cuts (and raising arrears) http://www.bruegel.org/nc/blog/detail/article/1688-greece-budget-update/ …
Greece: NEW GOVERNMENT - Changes in red http://ow.ly/PLggO
The Assets Being Eyed for Greece's €50B Asset Sale - Bloomberg Business http://ow.ly/PKGDY
Greek banks won’t reopen on Monday - Greek Finance Ministry said (via @Corriereit)
Guarantees for non EZ members for bridge loan are mainly smp and anfa profits and secondly EU funds says @VDombrovskis
.@VDombrovskis: debt relief discussion to be part of talks of 3rd programme, coz IMF's demand and fund must be part of programme, #EUCO said
German lawmakers approve plan for new Greek bailout http://dlvr.it/BYP4TC
€7.16bn from EFSM. Non-€ MS will have contributions guaranteed by EU budget & ECB profits. Gr won't see it. Straight to pay creditors on Mon
#Opperman: But now it's clear there is a Plan A - so now we have to put the Plan B behind. #Tsipras deserves credit for passing in parl.
* Greek labour minister skourletis set to be named as energy minister, replacing leftist party rebel lafazanis - govt Source - RTRS
Not all Greek bank branches will open on Monday, reports Skai TV #Greece
#Baltas: #Tusk said "Game over, take it or leave it Mr. #Tsipras"Then #Draghi illegally cut bank funding 2days b4 "program" end
Greece had a haircut to private creditors. Logic suggests original sin was 2010 official sector bailout
#Schäuble: The reality is that nothing will help unless #Greece passes urgent reofrms to return to the financial markets.
Schäuble: Write-downs are illegal (but you probably knew that already). So the package is only legal as long as it avoids official haircuts.
*SCHAEUBLE: THIRD PROGRAM IS LAST ATTEMPT TO SOLVE GREEK CRISIS
Merkel says we should agree to start negotiations with
#Greece and do all we can for successful conclusion. #Bundestag
Merkel: Germany and France have different views as to how to solve the crisis.
Merkel: I need to thank the man who worked tirelessly in the
#Eurogroup for this agreement, Wolfgang Schäuble. #Greece #Bundestag
Merkel says there no doubt that
#Agreekment is hard, especially for people in #Greece, but it's only Greek govt's fault. #Bundestag
Looks like cabinet reshuffle imminent. The real test though will be next week's 'prior actions 2' bill. If govt loses more votes → elections
Real #Greek test next week...
Which countries still need to approve a
#Greek bailout – and how will they vote? | News | The Guardian http://www.theguardian.com/news/datablog/2015/jul/17/which-countries-still-need-to-approve-a-greek-bailout-and-how-will-they-vote …
Germany's Merkel says Germany won't agree to debt cut for
.@J_Dijsselbloem's interview with the @WSJ @gksteinhauser, the full transcript http://www.wsj.com/articles/BL-RTBB-5046 … #Greece
Economist El-Erian: Greek deal only prolongs the inevitable – VIDEO - http://bit.ly/1fMdgow
The authors of the #Greek tragedy are #French rather than #German. http://theglobalist.com/greece-france-germany-eurozone-debt-crisis/ …
MT @DirkHoeren #EU Commission on escrow agreement to transfer #SMP profits to #ECB for bridge financing #Greece
EU's Dombrovskis says debt service 'not weighing on #Greece' now. Debt service lower than #Italy, #Portugal. (BBG)
EU's Dombrovskis says debt sustainability an issue for Greek talks. Greek maturities, interest can be looked at (BBG)
#IMF's Lagarde: Greek debt can be sustainable with maturity, rate changes. (DJ
LOL! French FinMin:
#Greece bailout plan must include debt reduction BUT Debt haircut is unacceptable. We must get back our money. (DJ)
#Germany, not #Greece, should leave the euro, says former #IMF official @AshokaMody. http://bv.ms/1RCRYu6
HFE: New plan is to “fix” #Greece by increasing already too-big-to-service debt burden to a harder-to-service 200%.
Germany to give verdict on Greece. Vote in Bundestag will pass as CDU/SPD coal w/ big majority http://fw.to/mxXdVem
Talks of #Grexit to be fading BUT remains on the table even with #Europe’s latest band-aid. http://bloom.bg/1SqzDM5
Interesting. Consolidation already starting in international units. *ALPHA BANK, EUROBANK TO MERGE BULGARIAN UNITS: KATHIMERINI
The FRED Blog: Greece’s recession pushed its economy to 1999 levels of output http://bit.ly/1KbhBON
EZ continues to air dirty laundry in most determinedly-public ways: Open letter to
#Germany, from #France. http://www.cambadelis.net/2015/07/16/lettre-ouverte-a-un-ami-allemand/ … (via Citi)
German SPD vote overwhelmingly in favor of starting talks on further bailout for
#Greece in test vote. 2 vote against, no abstentions. (RTR)
#Euro lower despite Greek risk is passing w/ ECB reopening ELA to #Greece. Acc to Citi it's a return to #Dollar theme
Greek bond market pleased w/ ECB and prospect of bridge financing. #Greece's 2y yields have dropped below 25%.
Versailles Treaty "does not quite capture the depravity" of Greece's settlement. Big stuff from AEP http://www.telegraph.co.uk/finance/economics
Frm non-program countries, Lithuanians, Latvians and Slovaks have to work longest (by far) to pay for their ESM share