Wednesday, December 2, 2015

Economic News , Data and Views ( December 2 , 2015 ) - Spain In Focus ( Election Items , Pension Reserve Shocker , Spanish Unemployment Falls in November , "The Future Is In the Air" , Economic news of note ) ....... Greece In Focus ( ( Refugee crisis items , Schengen threat , political and economic updates ) ...... Broader Europe ( News & Data from around the EZ , ECB on deck for Thursday - items of note on what the ECB might do and why )


Europe......






Spain....






Almost 70% of Spaniards disapprove of PM Mariano Rajoy’s decision to shun the
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Spain unemployment drop provides government boost ahead of election


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LIVE BLOG: Rajoy's TV Interview Seen By More People Than El País Online Debate
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| Govt has drained half of the pension reserve fund since 2012 (was ~€70B then) been reduced to ~€35B









Spanish unemployment drops by 27,071 in best November since series began

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When it comes to the Spanish election, it's the economy stupid

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"The future is up in the air" El Roto in today's

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Greece.......








97% of arrivals were by sea, ~83% through Greece, 92% from the world's top 10 refugee-producing countries










| DIJSSELBLOEM SAYS AGREEMENT REACHED ON SECOND GREEK MILESTONES - BBG











Brussels tells Greece: Pull your socks up, or get out of Schengen,
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The world stuns about the unprecedented: ’s taxpayers must declare all assets (cash, jewelry, carpets)










Broader Europe.......








What about EU & US sanctions against Russia ?














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MIDDLE EAST MATTERS - How relations soured between Turkey and Russia




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Reuters: says likely to curb over EU pact


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Dark days on Crimea: Russia and Ukraine rattle sabers

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invites Montenegro to join alliance: Stoltenberg


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Kerry in Brussels hails Cameron for taking Syria bombing to parliament: 'It is a very important step. We applaud his leadership'







BREAKING — Russian FM Lavrov says will not refuse to meet Turkish counterpart in Belgrade


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Less than half of british voters back airstrikes on - majority are


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Ruble continues to weaken vs. Dollar in tandem w/ weaker prices.


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Brown coal: polluting and swallowing communities in Germany via

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Greece on tight deadline to approve new list of measures needed to unlock bailout cash







Kurdish military success against poses problem for


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Citi expects to cut depo rate by 20bps to -0.4% tomorrow, €15bn more of QE/mth from Jan2016 + extension of QE for 6 more mths to Mar'17











Germany pressures Commission to reach accord with Moscow to assuage Russian concerns about EU-Ukraine trade deal









Euro slides on weak CPIs.
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inflation stuck near Zero reinforces Draghi's push for stimulus.


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New ammunition for doves: CPI rose 0.1% vs est. 0.2% gain. Core CPI unexp slipped to +0.9% from 1.1%.
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| RTRS - VOLKSWAGEN VOWG_p.DE REACHES AGREEMENT WITH BANKS ON TERMS OF 20 BLN EUR BRIDGE LOAN - SOURCES









| Russian Oil Output Stays Near Record Level as OPEC Set to Meet; Rises 1.3% Y/y to 10.779mb/d