Catharsis Ours: Special Report - Greece ( July 8 , 2015 ) - D- Day Summit Set for This Weekend ( Saturday Key EWG - Deal Or No Deal Time / Sunday Full EU - To Consider Plan B ? ) ..... European Parliament Debate This Morning Could Set tone though ( Tsipras / Tusk / Juncker Set To Give Speeches ) ..... State Of Play ( ECB Indicates ELA Could Be Cut If Weekend Is a Failure , What Proposals Will / Can Greece Offer That Satisfy Troika and Greece Electorate After Sunday's Referendum , Grexit / Default Openly discussed Now , Germany roiled , Is There Any Way Ou Politically for The Parties ? ) ...... Economic Odds and Ends......

Evening Tweets....

Some of the key quotes from this morning's European Parliament #GreeceDebate
#EPlenary #GreeceCrisis 

Donald Tusk, a.tsipras, Manfred Weber and

Yiannis Mouzakis retweeted

‏@IanTalley

After long hedging on Greek debt, the US ups the pressure on Germany by urging restructuring: http://on.wsj.com/1LWHsKv  

Yiannis Mouzakis retweeted

‏@tarapalmeri

What Plan B? One day after Jean-Claude Juncker claimed he had a Grexit scenario, his aides downplayed it http://www.politico.eu/article/what-plan-b/ …

‏@NickMalkoutzis

Always easier to stand on two legs #Greece #euro 

IMF @IMFNews

Lagarde on Greece: We have always advised that a program needs two legs: reforms and debt restructuring. That view has not changed.

Nick Malkoutzis retweeted

‏@KaterinaSokou

IMF head says what has changed is clearly that Greece is in a situation of acute crisis, which needs to be addressed seriously & promptly

‏@ekathimerini

Export and import data point to recession http://dlvr.it/BSb49Q  

‏@ekathimerini

Haircut fears boost state coffers http://dlvr.it/BSb5NQ  

‏@ManosGiakoumis

#Greece MoF: Bank holiday extended until Mon, pensioners may withdraw (additional) €120 in 1 transaction from bank cashiers. #banks #euro

Morning Tweets.....

Nick Malkoutzis retweeted

‏@jduch

#EP debate with #Tusk, #Juncker and #Tsipras on #Greece starts at 9.30. Here's the speakers list.  

EP PressService @EuroParlPress

Speakers' list for tomorrow's debate on #Greece (approx at 09:30) 

‏@dadoudis

We believe them... 

econhedge @econhedge

GREEK FINANCE MINISTRY DISMISSES REPORT THAT COUNTRY PREPARING IOUS TO PAY STATE PENSIONS AND WAGES - RTRS

‏@ManosGiakoumis

#Greece auctions €1.25 bln 6-month T-Bills today. Total roll-over amount at €2 bln. Previous yiled at 2.97%. #economy #markets

‏@ekathimerini

More firms put staff on forced leave http://www.ekathimerini.com/199144  #Greece

‏@Elbarbie

No doubts left- till Friday we have to decide euro or drachma http://www.kathimerini.gr/822609 

‏@NinaDSchick

Reminder: IF *big if* it comes to 3rd programme for #Greece - Schäuble would need mandate CDU/CSU - many MPs against. (1/2)

‏@NinaDSchick

& CDU/CDU MPs more willing to rebel on bailouts - a record number (29) voted against 4 month extension in Jan: http://openeurope.org.uk/blog/is-merkel-facing-a-bundestag-rebellion-on-greece/ … (2/2)

‏@FGoria

ECB NOYER: GREXIT WOULD REQUIRE MEASURES TO BOOST EZ CREDIBILITY - MNI

‏@Schuldensuehner

#ECB Noyer: Sunday is Final Deadline for #Greece. If No Deal By Sunday, Risk of Chaos In Greece. (DJ)

‏@OpenEurope

.@VDombrovskis to @morgenmagazin: Shame we didn't receive proposals from Athens yesterday. Hopefully we will get them by tomorrow. #Greece

‏@Schuldensuehner

#ECB Noyer: If No Deal, Greek Economy Would Collapse. Ready to Face Any Scenario. Working on Hypothesis Greece Remains in Euro. (DJ)

‏@Schuldensuehner

#ECB Noyer: Can't Indefinitely Increase Greece Risks #ECB Faces.

‏@Schuldensuehner

Contagion watch: #Portugal 10y risk premium over German bunds falls as #Eurozone gives #Greece a final deadline. 

‏@StKallinos

*SAPIN SAYS IT WOULD BE IRRESPONSIBLE NOT TO PREPARE FOR GREXIT

‏@StKallinos

*SAPIN SAYS IT WOULD BE DAMAGING TO EXCLUDE IMF FROM GREEK TALKS

Edward Hugh retweeted

‏@lemasabachthani

*NOYER: IF NO PERSPECTIVE FOR DEAL, ECB OBLIGED TO END ELA

‏@NinaDSchick

Indication of mood for 3rd prog in DE - @BILD already taken #Merkel to court for even *considering* it. #Greece 

‏@komileva

“The Tsipras proposals: Tails I haircut Europe, heads I haircut Greek depositors“. And not easy to say which is which 

‏@Edward_hugh

@komileva Yeah, I read Tsipras's choice as meaning either accept creditors offer to save banks by administering depositor haircut.

‏@Edward_hugh

@komileva or try to stick out for debt relief, which might lead to Grexit.

‏@Edward_hugh

@komileva Bottom line is still, if he is offered bank bail-in instead of debt relief Grexit outcome more likely.

‏@nickkounis

So #Greece & creditors have 4 days to agree to more extensive and tougher program than the one they failed to agree on in last 4 months hmm

‏@Schuldensuehner

Greek haircut seems unavoidable in order to get #Greece's debt burden to 120% of GDP, IMF's preferred level (via BBG) 

DEBT TO GDP DECLINES TO IMF'S PREFERRED LEVEL 

‏@MacroPolis_gr

ELSTAT releases May Commercial Transactions. #Greece #economy 

‏@DailySabah

What will happen in Greece? - By Nagehan Alçı @Nagehanalci | DS Column
http://sabahdai.ly/kFT3bD  

ubaldo retweeted

‏@sturdyAlex

This isn't a queue at an Athens ATM, but a soup kitchen in Porto. Portugal did all the "right things". 

Catharsis Ours

Wednesday, July 8, 2015

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