Catharsis Ours: Economic News & Views ( May 7 , 2016 ) Overview For Saturday ( 1. Greece - Ahead Of The May 9th Meeting With Its Creditors , Greece Gov't Pension Reform Measures & Tax Hikes Set For Critical Parliamentary Votes , General Strikes Paralyze Greece , IMF threatens To Pull Out Of Greece Rescue Plan . 2. Turkey In Focus - After Forcing Out Prime Minister Davutoglu , President Gets Back To Tasks Of Securing His Reign Over Turkey , Jailing Journalists , Threatening The Spineless EU & Ignoring The US Bleating . 3. Libya In Focus - Refugee Focus Has shifted To Libya , ISIS Raises Hell Once Again , Disturbing Trend Of Police / Army Officers In Tripoli With Nary A Peep From Internationally Recognized GNA. 4. US Politics Watch - GOP Civil War Between Trump and GOP Elites Continues , FBI Continues Work On "Email-Gate ". 5. Odds & Ends. )

Greece......

(1) #Greece MoF tabled two key amendments in draft bill on income tax reform: 1) Lower tax-free threshold for taxpayers w <=1 child #ec #imf

‏@ManosGiakoumis

(2) change in the tax rate for small businesses to 29% (from 26% for annual income < €50,000 and 33% for higher income). #Greece #ec #imf

‏@EU_Democracy

(1/2) @tsakalotos #Greece FinM http://bit.ly/1Xd6XMq : Fiscal brake constit. impossible...

‏@EU_Democracy

(2/2) @tsakalotos #Greece FinM http://bit.ly/1Xd6XMq : Only way would be for measures approved ahead & dismissed if not needed

‏@KeelsUS

After Bank of #Greece, #Cyprus Central Bank also reports #cyber attack http://www.reuters.com/article/us-cyprus-cyber-cenbank-idUSKCN0XX1NQ … #cybersecurity

‏@FRANCE24

Greece paralysed by general strike ahead of pension vote http://f24.my/1YerRcf 

‏@Schuldensuehner

Your Saturday dose of Greek doom: Greece on the verge of bankruptcy, @JanDams says http://www.welt.de/wirtschaft/article155119575/Athen-treibt-auf-den-Abgrund-zu.html … via @welt

‏@henrikenderlein

As with kids: noise not proportional to size. #IMF holds 4.6% #Greece debt vs EUgvt/EFSF/ESM = 64%. (Data @jpmorgan)

‏@POLITICOEurope

IMF could pull out of Greece rescue plan: report http://politi.co/1WexZ6C 

‏@ManosGiakoumis

From the change in the tax-free threshold and tax rate for personal companies, #Greece MoF aims to raise €200 mln. #economy #ec #imf

‏@ManosGiakoumis

#Greece MoF submitted an amendment lowering the tax-free threshold to €8,636 for unmarried & to €8,863 for family w 1 child. #economy #imf

‏@ManosGiakoumis

For family w 2 children the tax-free threshold is set at €9,090, for >3 children it 'll remain at curr level #Greece

Manos Giakoumis @ManosGiakoumis

#Greece MoF submitted an amendment lowering the tax-free threshold to €8,636 for unmarried & to €8,863 for family w 1 child. #economy #imf

‏@ManosGiakoumis

This means tax credit of €1,900 for single, €1,950 for family w 1 child, €2,000 (w 2) & €2,100 (w 3) #Greece #imf

Manos Giakoumis @ManosGiakoumis

For family w 2 children the tax-free threshold is set at €9,090, for >3 children it 'll remain at curr level #Greece https://twitter.com/ManosGiakoumis/status/728701344639533057 …

‏@AFP

Greece paralysed by strike over pension reforms and tax hikes http://u.afp.com/ZuDa

‏@ekathimerini

ATHEX: Growth continues as deal with creditors edges nearer http://dlvr.it/LFKKdN 

‏@ekathimerini

Opposition parties slam PM ahead of vote on social security, tax reform http://dlvr.it/LFKKZR 

‏@ekathimerini

IMF calls on eurozone to grant Greece debt relief http://dlvr.it/LFKKXL 

‏@wef

#Greece could be facing a new crisis - but for a reason you might not expect http://wef.ch/1MYASpk 

‏@YanniKouts

Tell Bundestag then that the Greek programme will go on without the #IMF.
Can't have both, mein Freund.

Landon Thomas Jr. @Landonthomasjr

Its political. We do not want bring Greek/debt issue to bundestag before elections in 2017. German finance ministry official.

Turkey.......

‏@DailySabah

EU sidelining democracy in its own fight against terrorism, President Erdoğan says
http://sabahdai.ly/hTTYF6 

‏@dwnews

Dundar and Gul plan to appeal sentences in Turkey http://bit.ly/21I51Mi 

‏@yanpal7

What's next? Sacrificing the requirements on anti-terror legislation on the visa deal?

POLITICO Europe @POLITICOEurope

EU ‘sacrifices’ press freedom for Turkish help http://politi.co/1UARm8x  

‏@inusanewscom

(The Seattle Times) #Turkey: 2 more detained over attack on opposition editor : ANKARA,.. http://www.inusanews.com/article/31348421509/turkey-detained-attack-opposition-editor …

‏@HDNER

Erdoğan launches bid for presidential system: Early polls can't be ruled out - by Serkan Demirtaş for #HDNOpinion http://bit.ly/1NmqPKX 

‏@GreekAnalyst

Key as to why Turkey's downward spiral continued unabated: "Absent any criticism from the West, Erdoğan kept going."

The Greek Analyst @GreekAnalyst

The Eleventh Hour for Turkish Democracy http://www.newyorker.com/news/news-desk/the-eleventh-hour-for-turkish-democracy … via @newyorker 

‏@jameskanter

In standoff with Turkey, will Europe blink to save deal easing migrant crisis? http://nyti.ms/1T5avR5  @asmalenyt @CeylanWrites @RT_Erdogan

‏@HDNER

Erdoğan tells the world who’s the boss in Turkey - by @MuratYetkin2 for #HDNOpinion http://bit.ly/1NmqLuy 

‏@HDNER

US 'concerned' over Can Dündar, Erdem Gül convictions http://bit.ly/1WPZ0w1 

‏@HDNER

Journalists Can Dündar and Erdem Gül sentenced to 5 years for leaking state secrets http://bit.ly/1SSjFOC 

‏@FedericaMog

#Turkey - Media freedom and rule of law are not only relevant to the EU, but first and foremost to every country's own citizens

‏@fredwalton216

Sultan moving full speed ahead.    Opposition and EU can be mad or glad , it really doesn't matter to him.

Hürriyet Daily News @HDNER

No turning back from presidential system, says Erdoğan http://bit.ly/1TvDBmK  

‏@fredwalton216

A fair reading of article & links-1 wonders if Erdogan ever agreed to EU Deal & is just looking for excuse to bolt.

Tallha Abdulrazaq @thewarjournal

Is #Turkey's #AKP really crumbling? My article about #Davutoglu & #Erdogan https://shar.es/1eADbd  via @MiddleEastEye

‏@fredwalton216

Erdogan just humiliated Juncker ,Tusk & and entire EUC , as well as Merkel and EU Leaders-with today's declaration.

EUobserver @euobs

#Turkey's leader #Erdogan parts way with the EU https://euobserver.com/foreign/133361 

‏@HDNER

20 confrontations between Davutoğlu and Erdoğan during 20 months of prime ministry http://bit.ly/23uosr4 

‏@AFP

#BREAKING Germany says expects Turkey to respect EU migrants pact after PM exit

‏@marklowen

#Turkey official, to the question of whether #Erdogan's son-in-law would be right choice as new PM, says:"You British have the Royal Family"

‏@theTurkishSun

The Pelican Brief - the pro-Erdoğan blog that shook Turkey, in English. Davotuğlu out soon? http://theturkishsun.com/the-pelican-brief-erdoganist-blog-seeks-to-topple-davutoglu-an-english-translation-18140/ …

Libya.......

‏@LNASpox

LNA General command rejects a meeting request by @KoblerSRSG

‏@reportingLibya

#Libya Italian navy rescues 1800 migrants in 24 hours (Reuters) http://af.reuters.com/article/libyaNews/idAFL5N1832A8 …

‏@reportingLibya

#Libya ISIS territory Libya

Mark @markito0171

#IslamicState advance in central coastal area of #Libya 

‏@reportingLibya

#Libya Misrata launches counter attack against ISIS

Alwasat @alwasatengnews

#Misrata Security Room: Brigades take over the Sadada bridge from #ISIS, making progress towards Abugrien. #Libya 

‏@LibyaAlHurraTV

Sources say assassinations total 6 incl a female police officer.Those with links to former regime&security targeted.

Mohamed Eljarh @Eljarh

#Libya - #Tripoli at least 4 assassinations of police/army officers in the capital. GNA in #Tripoli and no reaction to dangerous trend.

‏@Eljarh

#Libya - #Tripoli at least 4 assassinations of police/army officers in the capital. GNA in #Tripoli and no reaction to dangerous trend.

‏@alwasatengnews

#ISIS suicide bomber destroys Waddan checkpoint on the road to Abugrien, wounding 3. #Libya

‏@LibyaschannelEN

Two assassinations targeted security officials in #Tripoli today:
Army Col.Ahmad Ragae, &police officer, Abdul Raziq Fleet.

‏@Eljarh

#Tripoli disturbing trend of assassinations of army and police officers. An Army Col. and a Police Col. Assassinated in #Tripoli today. GNA?

‏@HRafferty1

Banks in #Tripoli, #Libya permit withdrawals up to 500 LD - big queues yesterday.

‏@wheelertweets

#Libya: Despite much talk of going to Sirte for revenge to attack #ISIS/Daesh after yesterday's attacks/casualties, no Misrata katibas went.

US Politics......

‏@simonting

Very interesting phenomenon !! 
Reason vote for Trump...

‏@fredwalton216

Surprising...

The Daily Beast @thedailybeast

Dick Cheney will back Donald Trump: http://thebea.st/270CC7U  

‏@thehill

Romney: I won’t vote for either Trump or Clinton http://hill.cm/NgisGtV 

‏@zerohedge

Hillary Clinton To Face FBI Interview Within Weeks, CBS Reports http://www.zerohedge.com/news/2016-05-06/hillary-clinton-face-fbi-interview-within-weeks-cbs-reports …

‏@jexaminerai

#ClintonEmailTimeline

This is the Wikipedia of #Emailgate #ImWithHer this is real. It's not a "vast RW conspiracy". http://thompsontimeline.com/The_Clinton_Email_Scandal_-_Short_Version_-_Part_1 …

Odds & Ends ......

‏@MiddleEastEye

Infographic: Al-Qaeda affiliates http://ow.ly/4njJxd 

‏@RT_com

‘Destroy barriers’: Pro-refugee activists clash with police at Austrian-Italian border http://on.rt.com/7c1v 

‏@fredwalton216

Ali al-Naimi fired ! This comes a bit out of the blue. Does this suggest a change in Saudi oil policy ?

Stephen Fidler @StephenFidler1

Saudi Arabia’s powerful oil minister Ali al-Naimi is fired http://on.wsj.com/1T44UXR  via @WSJ

‏@dwnews

Police believe rival 'Hells Angels' biker gangs behind #Frankfurt shooting http://dw.com/p/1IjQF 

‏@Reuters

Spain's Rajoy asks Brussels to forgo deficit fine: El Pais http://reut.rs/21HxUrL 

‏@Schuldensuehner

While away from my desk, Deutsche Bank shares slide and 5y default probability jumps to almost 15%.

‏@Schuldensuehner

#China Foreign-Exchange Reserves Rise for a Second Straight Month on Yuan Sentiment. http://bloom.bg/1O4PpQq 

‏@dwnews

Pentagon admits to #US troops in #Yemen http://dw.com/p/1IjRw 

‏@dwnews

#Canada: #FortMcMurray wildfire continues to spread http://dw.com/p/1IjSS 

‏@AlArabiya_Eng

#Iraq forces shut down Baghdad to prevent #GreenZone protests  http://ara.tv/nbqe6 

‏@cnni

Kenya says it will close all refugee camps, displacing more than 600,000 people. http://cnn.it/24zvwbP 

Catharsis Ours

Saturday, May 7, 2016

No comments:

Post a Comment