Ukraine, Greece, and Argentina are all examples of the failure of existing international arrangements http://bit.ly/1Nc5tef #Stiglitz200
US Ambassador to #Ukraine @GeoffPyatt shares photos of "Donbas roadsides" from trip to Kramatorsk & Slovyansk
#Ukraine's massive economic collapse - down nearly 30% from 2014 For comparison Greece is down 26% since 2008
Ukraine's economy is in free fall, Q1 GDP got slashed by 17.6% http://uk.businessinsider.com/ukraines-gdp-falls-176-in-first-quarter-of-2015-2015-5#ixzz3iDCJ8ePw … #Ukraine
'Last chance' as Ukraine heads for creditor talks - Bloomberg http://bloom.bg/1JNIHdB http://fb.me/4raY5ndkt
Ukraine bonds end 6-week rally as debt talks falter, analysts bet on a worse deal than priced in --> http://bloom.bg/1ghJdon via
Ukraine bonds tumble as renewed signs of discord in the debt talks increase likelihood of default --> http://bloom.bg/1hl0XzS via
Ukraine Creditors Said to See Latest Debt Offer as Unacceptable http://bloom.bg/1JLuk9G via
Draft for Greek reforms agreed, to be submitted to Eurogroup. Unclear if Germany will agree. Differences remain (FAS) http://m.faz.net/aktuell/wirtschaft/eurokrise/griechenland/memorandum-der-reform-entwurf-fuer-griechenland-steht-13740564.html …
Undeclared income eg under mattresses, in foreign banks or bank vaults will be taxed up to 45%, acc to a new bill (via
Greek aid package ready next week - Handelsblatt http://www.handelsblatt.com/12163112.html
EU officials see talks with #Greece progressing well. Agreement possible next week. Wonders will never cease http://www.ekathimerini.com/200381 #euro
With #Greece & lenders edging towards 3rd bailout, this is an excellent assessment from @Jens_Bastian https://shar.es/1tulbw #euro
After Varoufakis claims, police cyber crimes unit finds no evidence FinMin database hacked for tax ID codes http://www.ekathimerini.com/200379 #Greece
Regulators start Greek bank tests, aim for speedy capital boost - excellent report http://reut.rs/1ISDhNH via
UNHCR urges Greece to resolve refugee crisis deemed ‘shameful’ for EU member http://on.rt.com/6oo2
Refugee crisis exposes the mockery of EU solidarity even more than the #euro crisis did http://www.unhcr.org/55c48ea69.html #Greece
Sunday Updates from Holger....
Prices still way too high in #Italy. Butter costs twice as much as in #Germany at same discount grocery Lidl.
No empirical evidence that Renzis labor-market reforms have boosted employment. #Italy's youth unemployment hits high
InstaPic by rob1919: Positano #ig_salerno #ig_campania #salernocity #ig_amalficoast #ig_europe #ig_italy #ig_ita…
#Italy is mired in #deflation: Saldi is name of the game: But prices still to high to be competitive again.
@joaops Italy grew 4.5% since introduction of Euro in 1999 (in total), even less than #Greece (+4.6%) after their Great Depression.
Research: median Italy firm in the north produces 9.5% more per euro spent on employees than median firm in the south http://www.voxeu.org/article/public-sector-inefficiency-and-firm-productivity-italy#.VcXR_x4YGfk.twitter …
Since the late 1990s,
#Italy’s productivity has been stagnant: total factor productivity fell by 7.5% over 1998-2013 http://www.voxeu.org/article/public-sector-inefficiency-and-firm-productivity-italy#.VcXRmVMgiLY.twitter …
Meanwhile, Italian Coast Guard saved 116 migrants from an unseaworthy boat this morn. Shaping up to be a busy day.