Eleni Varvitsiotis retweeted
Some of the key quotes from this morning's European Parliament #GreeceDebate #EPlenary #GreeceCrisis
After long hedging on Greek debt, the US ups the pressure on Germany by urging restructuring: http://on.wsj.com/1LWHsKv
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/ …
IMF head says what has changed is clearly that Greece is in a situation of acute crisis, which needs to be addressed seriously & promptly
Export and import data point to recession http://dlvr.it/BSb49Q
Haircut fears boost state coffers http://dlvr.it/BSb5NQ
We believe them...
No doubts left- till Friday we have to decide euro or drachma http://www.kathimerini.gr/822609
Reminder: IF *big if* it comes to 3rd programme for #Greece - Schäuble would need mandate CDU/CSU - many MPs against. (1/2)
& 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)
ECB NOYER: GREXIT WOULD REQUIRE MEASURES TO BOOST EZ CREDIBILITY - MNI
@VDombrovskis to @morgenmagazin: Shame we didn't receive proposals from Athens yesterday. Hopefully we will get them by tomorrow. #Greece
Contagion watch: #Portugal 10y risk premium over German bunds falls as #Eurozone gives #Greece a final deadline.
*SAPIN SAYS IT WOULD BE IRRESPONSIBLE NOT TO PREPARE FOR GREXIT
*SAPIN SAYS IT WOULD BE DAMAGING TO EXCLUDE IMF FROM GREEK TALKS
Edward Hugh retweeted
*NOYER: IF NO PERSPECTIVE FOR DEAL, ECB OBLIGED TO END ELA
Indication of mood for 3rd prog in DE - @BILD already taken #Merkel to court for even *considering* it. #Greece
“The Tsipras proposals: Tails I haircut Europe, heads I haircut Greek depositors“. And not easy to say which is which
@komileva Yeah, I read Tsipras's choice as meaning either accept creditors offer to save banks by administering depositor haircut.
@komileva or try to stick out for debt relief, which might lead to Grexit.
#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
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
This isn't a queue at an Athens ATM, but a soup kitchen in Porto. Portugal did all the "right things".