Saturday, July 4, 2015

Special Greece Report ( July 4 , 2015 ) - On Independence Day In The US , Interesting And Hopefully Thought Provoking Updates On Greece ( Background Items on Referendum / recent " reliable " polling data , ECB Governor Benoit Coeure due to give remarks Sunday morning , various articles / opinion pieces on the referendum reflecting both sides , updates on the state of play for Greece's Banks , the economy and financial situation )


Tweets.....





Greek Referendum Starts at 7:00 AM on Sunday, First ‘Safe’ Estimate at 9:00 PM









another number to watch tomorrow: 3,942,012. it's how many voters (40% of electorate) that must cast ballot for to be valid.







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Latest Greek referendum polls seem to be herding to dead heat as well







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ALCO poll for Ethnos Yes 44.8% No 43.4% Undecided 11.8%




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University of Macedonia poll for Bloomberg News Yes 42.5% No 43% Undecided 14.5%




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New post: From Greferendum To Grexit? Referendum unlikely to solve the Greek crisis.





. on the IMF's Debt Sustainability Analysis. "creditors negotiated with Greece in bad faith."









The will be facing questions of its own after the Greek referendum - latest blog from













Close eye on Cœuré's remarks tomorrow. Given closeness of polls, will ECB make an eleventh-hour "nudge" intervention?









EXCL: furious about media scaremongering, some Greeks outside a bank attempted to set a TV van on fire on Friday









Some home truths on Syriza's dishonesty, aka 'creative ambiguity' & irresponsibility via






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How series of 'slights, insults & missed opportunities' soured talks & led Tsipras to call referendum











Amid deepening divisions, Greeks must to do the impossible: distill complexity of crisis to a Yes or No










'Both sides played a game of chicken and neither was bluffing'. Now comes 'Greece's sorry reckoning'. via









I find the 'temporarily' in Schäuble's quote extremely interesting.









Matt takes on Greek bank bail-ins and haircuts













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ICBC's Efstathiou: Greek banks will stay closed for a month. And when they do reopen, cap controls will almost certainly still be in place.








NBG chair Katseli says liquidity guaranteed until Monday. If no ELA extension afterwards "we'll have a problem" but says unlikely









How it all began & ended. Euro was a dodgy financial product that bankrupted Greece









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For those who say "Greece had begun to grow again in 2014 before Syriza took office". Yes. Austerity paused that year







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Strongly worded, but unfortunately all too correct. Especially the bit about the supposed recovery before Syriza.









TR@doleross katseli: framework w/in which banks will operate tbd in detail monday after ECB decision










TR@doleross katseli: limit on cash withdrawals to be decided on tuesday based on liquidity













Varoufakis: If 'Yes' were to win, "democracy would be in peril, because it would mean that fear has won". ()










Greek Finance Minister Varoufakis to : "What they are doing with has a name: terrorism".







My interview with Varoufakis last night along with pleas from business leaders facing trade chaos + factory closures.









Why a NO vote in the Referendum is a Yes for a proud Greece in a Decent Europe – Talking with Phillip Adams, on LNL










Let us make history together, once again. I invite you to say a big & proud / NO to ultimatums this Sunday.







On Sunday, we'll be sending a message of and dignity to Europe and the world.







Greeks face bad & worse choice, argues , who explains why Tsipras logic doesn't add up







The really complex question isn't what happens if Greeks vote 'no', it's what next if they vote 'yes'. Answer not easy.







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Greek economy close to collapse as food and medicine run short










A must read on euro's irrationality by : 'Grexit is a process, not an event. & it has already begun'









Excellent commentary by - Getting to yes in Greece: a collection of myths -






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reflects Europe's lack of unifying vision Great read on why Europe is broken, via







Saskia Sassen: Three rarely –if ever– mentioned facts in the Greek tragedy: " Three rarely –if ever– mentioned or...









The Biggest Greek Banks “Have Failed,” and “Resolving” Them Won’t Work: Fitch






ICYMI: how any further ECB ELA haircuts would translate into depositor bail ins 












JPM: "The [Greek bank] solvency issue will not go away even with a “yes” vote given the damage inflicted on the Greek economy"










Greek finance ministry demands FT retract report about Greek deposit bail-ins: BBG