Naturally , not the fault of the ECB...
ECB balance sheet expansion on target. ECB total assets have crossed €3trn for first time since 2013 on QE programme
Sub-Saharan #Africa #oil nations are facing a shock of historic proportions http://www.imf.org/external/pubs/ft/survey/so/2016/CAR050316A.htm … #Nigeria #angola
#Oil prices have rallied at the front of the curve -- but they are lower at the back http://www.bloomberg.com/news/articles/2016-05-02/oil-price-rally-isn-t-as-deep-rooted-as-it-looks-at-first-glance … $WTI
Bonds catching a strong bid this morning.
EU News De Jour
Agenda for EU'S important meeting on Wednesday...
Well , at least he didn't say "two out of three votes before it counts."
Moody’s says deal delay is 'credit negative' http://dlvr.it/LD0Fg9
Gov't promotes spending cutting mechanism to avoid vote on contingency measures http://dlvr.it/LD1F2N
May 26 new drop dead date for Greece Agreement....
Slow progress on Greek reforms, May 9 deal unlikely, say sources http://www.ekathimerini.com/208317
France nixes TTIP "at this stage."
Süddeutsche Zeitung writes that there “strong doubts” within the “top level” of the European Commission re: the TTIP
Rock-em , Sock-em Parliamentarians...
Refugee Crisis /
Migrant flow to Greek islands ebbs but camps full http://dlvr.it/LD0k6N
No new migrant arrivals on Lesvos for fifth day in a row http://dlvr.it/LCwhsR
Important 6 tweet series on Proposed changes to Dublin 3 !
1 Dublin IV proposal: wider 'family member' definition to include siblings and cases where family was formed after leaving country of origin
2 Dublin IV: MS must consider if application inadmissible on 'safe 3rd country', '1st country of asylum' grounds; if so they're responsible
3 Dublin IV: that last point will mainly apply to Greece & Italy Designed to implement EU/Turkey deal and any future heinous EU/Libya deal
4 Dublin IV: applicant who doesn't stay in responsible MS will be punished; a) accelerated asylum procedure; b) loss of all benefits except
5 emergency health care. This loss of benefits would violate EU Charter, see CIMADE ruling of CJEU, paras 42 & 56: http://curia.europa.eu/juris/document/document.jsf?text=&docid=127563&pageIndex=0&doclang=en&mode=lst&dir=&occ=first&part=1&cid=458810 …
6: Dublin IV: appeals limited to 'unsafe MS' and family issues, 7-day deadline for appeal; ignores CJEU in Diouf, AG in Karim & Ghezelbash
7 Dublin IV: responsibility for unacc minors where child made *first* asylum application. Overturns CJEU MA ruling: http://curia.europa.eu/juris/document/document.jsf?text=&docid=138088&pageIndex=0&doclang=en&mode=lst&dir=&occ=first&part=1&cid=460151 …
8 MA ruling on Dublin and unaccompanied kids - which Dublin IV would overturn - was based on Charter rights of the child (paras 56 & 59
10 Dublin IV: responsibility can also be based on expired visas or residence permits, or irregular entry no matter how long ago it was
Turkey grants visa free travel for EU countries - go visit a war zone or watch journalists get arrested !
Proposing fines of 250,000 euro per refugee , that Hungary will never pay. Mandatory quotas that will be ignored.
Greece still has ‘some deficiencies’ in border management, EC says