Sunday, January 10, 2016

Economic News & Views ( January 10 , 2016 ) Europe ( 1. Greece Gov't issues two red lines for its pension reforms given to Troika / New Democracy has final round of voting to select new leader / Corruption & tax avoidance fight assisted - Thanou says use of lists not illegal 2. UK in focus - Brexit / UK -E.U Negotiation items. 3. Refugee/ Migration matters. 4.Spain political complications - Catalonia independence complication formation of Gov't and political stability. 5. Poland becomes latest E.U nation butting heads against E.U Establishment. 6. Dutch referendum on Ukraine Association with E.U being panned by Dutch voters in poll - 75% against E.U- Ukraine Association Agreement / Dutch PM will campaign for it anyway. 7. Italy attempts to save Libya political agreement and new GNA from collapse. 8. Odds & Ends) Emerging Nations / Asia ( 1. East stocks continue to drop w/ Saudi's Tadawul down >2% as investors spooked by China doom & depressed oil. 2. China related items of note. 3. Turkey in focus. 4. Oil in focus. )


Europe.......







Kyriakos Mitsotakis Elected New Democracy President







Mitsotakis heads for surprise New Democracy leadership win. First challenge will be to live up to expectation being heaped on him







Tackling NPLs becomes even more difficult

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gov't says at least two aspects of pension reform proposals it made to lenders this week are non-negotiable








New Democracy supporters go to polls to elect new leader

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Thanou says use of lists not illegal

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Brexit not 'the right answer' says PM, insisting he is 'close' to securing deal

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French president unveils memorial to victims of 2015 terrorism










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Following in footsteps of Hungary. Not advocating this or saying this is/isn't wise , just noting it's occurring.

















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Report: German federal police to coordinate efforts against sexual assault








German government predicts another million in 2016

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Hundreds of angry commuters clash with police over Denmark-Sweden border control (VIDEO)


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Cologne New Year's Eve complaints rise sharply








Cologne New Year violence cases up to 379










German Justice Minister: Cologne attacks planned in advance











Good morning from Berlin where row over refugees deepens. Germans slam 'Rapefugees' in wake of mass sexual attack.









My report from the duelling protests in Cologne yesterday following mass NYE assaults

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eases controversial plan to strip migrants' jewellery










Strategas expects 'Return of Black Swan'. Appearance may be the final capitulative signal needed to buy risk assets.
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So Catalonia now has a secessionist parliament and government set on break away from Spain.


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He did not specify what exactly he had ordered, or to whom he had given said instructions.












SUMMARY:
- Puigdemont re-announces Catalan separatist plan; - Catalan central bank and social security agency;







LIVE BLOG: PSOE Says It Will Not Accept Unilateral Break Away Or Division Of Catalonia




















By Monday morning—tomorrow—Catalonia will have an openly secessionist government and be headed towards rebellion.




















Catalan separatists get act together and launch pro-independence gambit as Spain's caretaker govt flounders










Poland summons German ambassador for talks on politicians' 'anti-Polish remarks'








: on the highway to hell. What great pity...


















threatens sanctions against over 'lack of Western values'
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Poland: Has this ‘model’ country just turned rogue?

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Dutch PM says will push for "yes" in Ukraine vote








polls: 75% against association agreement. Don't need more migrants.









Diplomats: attempting to play central role in Libyan affairs and saving the political agreement from collapse


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Emerging Nations / Asia.....








Saudi Arabian Stocks Lead Mideast Drop as Volumes Slump With |









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to double its exports to |

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In Saudi IPO, Global Refining Empire May Become the Prize | Article from















Middle East stocks continue to drop w/ Saudi's Tadawul down >2% as investors spooked by doom & depressed oil.
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Oil price needed to balance budget Iran: $138 Venezuela: $120 Iraq: $114 Russia: $100 Saudi: $92 Current: $33.5
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to invest in refinery in |
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export to re-postponed to spring 2016 |
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Crude Oil Now Sells For $27 May Fall To $18 Sooner – Opec | iReporter







Qatar National Bank's weekly report forecast that the avg. for 2016 will be $44. |
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We examine the global panic surrounding China's economy & what can be done to keep it going


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China is trying to bend the market to its will. That won't work

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Exports of China-made soar 8.2 times to 412 mln USD in Jan-Nov, 2015

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China may need to cut benchmark interest rates and RRR to prop up growth: expert


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Chart: June iron ore futures reverse the Santa rally as China fears flare up again -
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RBS on and global economy: 'This all looks similar to 2008.'

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leader: needs a new charter, not an elected despot
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Three men found dead in mosque in ’s southeast

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12 militants, police officer killed in raid in eastern


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detains 165 in major public order operation in

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Regional implications of the AlQaeda/ISIL struggle by , Aslı Elitsoy

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’s new visa law for enters into force

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Where is in the Sunni-Shia conflict? by for

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" ISIS EXPORT GATEWAY TO GLOBAL CRUDE OIL MARKETS " - a great overview ( H/T Libya Al Hurra ! )