Evening Wrap....Much more at Tweet Feed !
Govt sources said yestr the
#reshuffle will not just be 4 ministers who disagreed with deal, but wider, for the better functioning of govt
Greek agreement with creditors passed easily into law with opposition support with 229 'yes' votes, 64 'no' and 6 abstentions.
Sorry - it's 32 'no', 6 'present' and from SYRIZA.
TSIPRAS: I AM NOT RESIGNING, THIS GOV IS NOT RESIGNING - MNI
Riot police clash w protesters hurling firebombs as MPs debate austerity. Scenes didn't expect to see under Syriza gov
Latest #Athens #Greecebailout protests begin with #PAME trade union march, joining other groups in #Syntagma square
Majority of #Syriza (109 of 201) central committee rejects "agreement" cc @fredwalton216 @Frances_Coppola #Greece
*ECB SAID TO PLAN THURSDAY DECISION ON GREEK EMERGENCY BANK AID
Apparently Tsipras said that if fewer than 120 Mps from his government vote for the bailout he will resign
Some uncertainties re Greece: Bridge loan, Finnish coalition and Dutch governing VVD still to decide whether to support Greek deal tomorrow
If, as looks likely, EFSM used for Greek bridge loan, UK will indeed be involved in the Greek bailout - albeit w/ protection against default
ECB Awaits Midnight Athens Signal as Greek Banks Held in Limbo, by
@Jeffrey_Black. http://www.bloomberg.com/news/articles/2015-07-15/ecb-awaits-midnight-athens-signal-as-greek-banks-held-in-limbo …
Commission scrambling around for funds. Now admit €5bn for August repayments might come from ESM http://www.telegraph.co.uk/finance/economics/11738150/Greece-news-live-Tsipras-admits-he-signed-an-agreement-he-does-not-believe-in-ahead-of-crucial-parliamentary-vote-on-controversial-reforms.html …
And the band on the Titanic plays on. #GreeceFarce
Marian Houk retweeted
#Greece enters another high-noon day & it's perhaps worth reminding the vote today it is just preliminary to the real negotiations.
Asteris Masouras 正义 retweeted
#EU_Commission confidential proposal for bridge financing #Greece: 7 bn from #EFSM for 3 months in one instalment
ΕFMS not easy option,member states expressed concerns,working on how 2 collateralize loan &provide guarrantee 4 he state says
*DOMBROVSKIS: NEGOTIATIONS ARE ON-GOING - ACCORD ON EFSM FINANCING NOT REACHED YET
DOMBROVSKIS SAYS EU COULD USE SMP, ANFA PROFITS TO GIVE NON-EU STATES GUARANTEES, OTHER OPTIONS OPEN
Finland has also not yet agreed to use EFSM for Greek bridge financing
Commissioner dombrovskis: use of EFSM not easy option, no obvious other options.
IMF has made their opinion on
#greece debt sustainability public on their website http://www.imf.org/external/pubs/ft/scr/2015/cr15186.pdf?hootPostID=2cd94f17236d717acd9949448d794045 …
EU's Dombrovskis: EFSM to provide bridge financing to #Greece. Protection sought for Non-Euro states in EFSM aid. (BBG)
Commission will do its best to "protect" non-euro members after using €7bn in EFSM loans for Greece @VDombrovskis http://www.telegraph.co.uk/finance/economics
Dombrovskis: Greek economy is back in recession, banking system on the brink of collapse and state building in arrears. #Greece
George D. retweeted
Dragasakis *thanks* Washington for help with deal - a clear sign that the #ThisIsACoup mob have missed the point.
EU’s Dombrovskis Says There Is No Prospect For Bilateral Aid For Greece - Greece Faces Urgent Financial Needs $EURUSD
ECB’s mandate: "full employment, social progress and SOLIDARITY amongst member states.”By pulling plug on ELA ECB caused this crisis..
Theodora Oikonomides retweeted
Kafka and Tristan Tzara.
#Grexit is now inevitable…as German parliament will not accept non-IMF involvement. What an incredible mess…made by world ‘leaders"
Protester outside Greek parliament says it with a symbol.
Albert Broomhead retweeted
The #IMFs colossal failure in #Greece will haunt it forever… No wonder it wants out now… via @Birdyword
So, €7bn loan from the EFSM, to be repaid once Greece gets a new rescue. What will Britain do? http://www.telegraph.co.uk/finance/economics/11738150/Greece-news-live-Tsipras-admits-he-signed-an-agreement-he-does-not-believe-in-ahead-of-crucial-parliamentary-vote-on-controversial-reforms.html …
EU-wide EFSM fund can be deployed for#Greece with a qualified majority vote - despite opposite of non EZ countries: http://openeurope.org.uk/daily-shakeup/schauble-many-people-in-the-german-government-think-grexit-would-be-a-better-solution/ …
Commission lays out its EFSM plans here - http://ec.europa.eu/economy_finance
Cyprus & #Greece suffered largest population declines in EU during 2014 as people leaving in search of jobs (via BBG)
New Kapa Institute/To Vima Poll of Greeks:
- 51.5% support bailout deal - 70.1% say parliament should approve it: http://openeurope.org.uk/daily-shakeup/
Majority in Dutch Parliament wants Dutch govt to publish IMF report which reveals that Greece needs even more money http://nos.nl/artikel/2047110-kamer-wil-imf-rapport-plus-oordeel-kabinet.html …
After "temporary #grexit" put on table, I doubt EG has any credibility left to be undermined.. http://ec.europa.eu/economy_finance/assistance_eu_ms/documents/2015-07-10_greece_art__13_eligibility_assessment_esm_en.pdf …
Everyone's nightmare; forced fiscal union on horizon - no going back http://nyti.ms/1K70FZO #Eurozone #GreeceCrisis
The FinMin of
#France is on same line as IMF on #Greece debt relief http://news.yahoo.com/frances-sapin-says-same-line-imf-greek-debt-071228196--business.html …
ECB's Coene -
#Grexit may have been better and 'less painful' option “Because of depreciation of currency" :http://openeurope.org.uk/daily-shakeup/schauble-many-people-in-the-german-government-think-grexit-would-be-a-better-solution/ …
Again: Even my cat knows it's not viable. It's unfeasible, it's pie-in-the-sky and it exists only on paper. #Greece
After 2017, the eurozone can overrule the non-eurozone on #EFSM, leading to "#Euroexit": https://twitter.com/OpenEurope/status/620957148705648640 … p22: http://archive.openeurope.org.uk/Content/Documents/Pdfs/continentalshift.pdf …
PM posts full interview to state TV #Greece
Head of Syriza's Left Platform Lafazanis says won't vote for 3rd memorandum, says others shd do same. Says Greece has alternative solutions
Spain to put Greek deal to parliament vote http://dlvr.it/BX9MdP
Another German Bund auction failed. #Germany sold €4.1bn at yield 0.88% highest since Oct. Bids €4.5 bn < €5bn offer.