Evening wrap....
Tsipras draft law to abolish tax Exemptions for all political appointees (incl. Ministers) and cut salaries by 15-30%. Good news. # Greece
Greece needs the bailout cash to meet an Aug 20 deadline. Once again, Berlin stands in the way, @ davidcfrancis reportshttp: // atfp.co/1L2uDhW
Greek FinMin says government committed to July 13 agreement, hopes all sides are - and That they work as hard as Greece to Achieve deal
European Commission Approves 473 Million Euros to Greece for Migration Crisis http: // dlvr.it/BpMf1Y # Greece
Not bad - # Germany Gained 100 bn euros from Greece crisis: studyhttp: // www. businessinsider.com/afp-germany-ga ined-100-bn-euros-from-greece-crisis-study-2015-8 ... via @
Greek banks cld get Their 1st capital injection after # ESM loan agrmnt, but before # ECB bank stress tests: Eurozone source ~ @ Reuters # Greece
Morning Tweets....
Greece.....
Working overtime... Greece 
Tsipras wants tax breaks bill scrapping MP / cutting wages Submitted minister w / out delay; Lenders not 'demand but' duty of political system '.
Greek PM @tsipras_eu tells aides he wants legislative action to abolish tax breaks for MPs & reduce wages of ministers, heads of public orgs
'When abolition of tax breaks for farmers is on table of talks we can not ignore tax breaks that apply for us,' Tsipras cited as telling aides
Capital controls take toll on #Greece car sales, which fell in July for first time in 2 yrs https://shar.es/1t4axy
Greece, creditors set 2015 primary surplus target to zero-source http://ift.tt/1KZ12Df #bonds
#Greece and creditors forecast Greek economy shrinking 2.1%-2.3% this year: Gov't official ~@Reuters
*EU SAYS GREEK DEAL CAN BE REACHED 'PREFERABLY' BY AUG. 20
BRIDGE LOAN STILL OPTION ON GREECE - EARLY AGREEMENT ON GREECE AID IS DESIRABLE: GERMAN FINANCE MINISTRY
Greek industrial production -4.5% y/y in Jun (May rev. from -4.0% to -4.3% ). #PMI points to further decline in Jul: http://ow.ly/QHbnX
Latest round of talks with quartet lasted until 3.30 this morning. Continuing today. Greek gov't hopeful of agreement by tomorrow #Greece
Greece received 11,000 migrants from war-torn areas in the first ten days of August. That's the real crisis. The EU ignores it at its peril.
Morning Note: 1. Weekend of ugly China data. 2. Greece wants to conclude talks by Tues. 3. Buffett's new pursuit...
China .....
Chinese Stocks Soar On Terrible Economic Data; US Futures Levitate; Brent Drops To 6 Month Lows http://www.zerohedge.com/news/2015-08-10/chinese-stocks-soar-terrible-economic-data-us-futures-levitate-brent-drops-6-month-l …
China Slashes U.S. Debt Stake by $180 Billion http://www.bloomberg.com/news/articles/2015-08-09/china-slashes-u-s-debt-stake-by-180-billion-and-bonds-shrug … by @richwesgoodman and @TheRealDFK
BREAKING: Alibaba agrees to buy 20% of home appliance retailer Suning for US$4.63 bln, helping China’s e-commerce giant expand more offline
Former Italian minister probed over €200m Chinese energy projects - http://FT.com http://on.ft.com/1UxjsQ0 via @FT
BREAKING: Chinese stock market ends 5% up by market close, approaching next major target 4000 points; about 300 stocks hit 10% daily uplimit
China stocks soar becuz 1) weak export -> higher hope for stimulus 2) Gov to consolidate SOEs -> $ injection 3) Mutual funds buy more stocks
Effective Aug 8, lower limit of stock allocation of mutual funds up to 80% from 60% - state media (i.e. Gov wants mutual funds to buy more!)
De-Dollarization: China's New Silk Road Extends To LATam — Why Chile Will Be The Yuan’s Financial Stronghold http://emergingequity.org/2015/08/09/chinas-new-silk-road-extends-to-latam-why-chile-will-be-the-yuans-financial-stronghold/ …
Egypt's New Suez Canal Conjoins China's New Silk Road http://emergingequity.org/2015/08/09/egypts-new-suez-canal-conjoins-chinas-new-silk-road/ …
BREAKING: Chinese stock market in strong rebounding amid state media reports about Gov plan to consolidate 200+ SOEs with capital injections
People's Daily,China
Chinese business delegation of 10 robbed at airport in Johannesburg, South Africa, Aug. 7. http://en.people.cn/n/2015/0810/c90000-8933420.html …
Case For Yuan Devaluation Grows As Chinese Factory Prices Fall Most In Six Years http://www.zerohedge.com/news/2015-08-09/case-yuan-devaluation-grows-chinese-factory-prices-fall-most-six-years …
zerohedge
FTW: " China’s easing is indirect and more subtle compared with the U.S. or Japan." http://www.bloomberg.com/news/articles/2015-08-09/quantitative-easing-with-chinese-characteristics-takes-shape … . uh LOL?
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