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EUROPE
Eu draft
agreement on Mediterranean migrants – La
Stampa
In the
light of the current emergency situation, the European Council agreed on the
following issues to reinforce solidarity and responsibility
Where to
draw the ‘red lines’ on EU reform? – Open
Europe
A new
Business for Britain report entitled 'Change or Go'
provides a lengthy analysis of the issues to be addressed in the forthcoming EU
negotiations and echoes many of the reforms proposed by Open Europe.
The
eurozone must either integrate or disintegrate – The
Telegraph
New
research shows that the single currency is amplifying the differences between
its members, making the euro in its current form unsustainable
Six
takeaways from the Danish elections – Politico
Eurosceptic
Danish People’s Party surge in general election – The
Telegraph
The euro
does not have a problem... it is the problem – The
Telegraph
Europe’s leaders must face the truth that
the single currency now poses fundamental threat to global financial stability
Wolfgang
Münchau: The real challenge this week is to save the eurozone – FT
Grexit
would be the point when the EU moves from integration, via stagnation, to
disintegration
The people
of Europe were told the euro would bring
stability. It hasn’t.
EURO’S
FUTURE PLAN
Top EU
officials lay out euro vision as Greece totters – Reuters
As Greece
threatens new shocks for the euro zone, EU chief executive Jean-Claude Juncker
and four other top EU officials have laid out a vision for the common currency
involving tighter control from Brussels.
Press
release Roadmap for the future of the Economic and Monetary Union – ECB
Publication
Completing Europe's Economic and Monetary Union – ECB
President
Donald Tusk on the publication of the 5 Presidents' report – EU
Appetite
for euro reform falters – FT
Eurozone
leaders will propose making only minor changes to the way the EU’s common
currency is governed over the next two years in a report to be published on
Monday, offering a clear sign that the reformist zeal seen in earlier phases of
the eurozone crisis has stalled.
Five
horsemen of the euro’s future – Politico
Eurozone
should have own treasury by 2025 – euobserver
Eurozone
states should cede more powers to EU institutions, including to a euro area
treasury to be set-up in the next 10 years, according to a new report on
further integration in the single currency area published on Monday
GREECE
Greece must
leave the euro – Politico
As Greece
sputters, ECB takes driver’s seat – Politico
Gloom prevails in EU as Greek
deadline nears – Politico
How Would Greek Capital Controls
Work? – WSJ
Reform or
Perish – Francesco
Saraceno
Paul
Krugman: Does Greece Need More Austerity? – NYT
Greece’s
Fate: High Noon in Brussels – PIIE
Managing
Greek default risks – Sober Look
Willem
Buiter: Default need not trigger a sudden exit from the currency union – FT
Larry
Summers: Greece is Europe’s failed state in waiting – FT
Tsipras’s
bet: Europe hasn’t got the guts – Politico
Prospects
for Greece deal brighten – ABN
AMRO
Greek GDP:
The Shocking Reality Vs IMF Forecasts – ZH
Goldman &
SocGen: ECB Alone Can't Contain Grexit Risks – ZH
James
Hamilton: Renegotiating Greek’s debt – Econbrowser
Paul
Krugman: Avoiding Apocalypse – NYT
ECB Said to
Raise Greek Bank Aid Third Time in Less Than a Week – BB
Markets
rally on Greece deal optimism – FT
Mood
brightens after latest Greek offer to creditors – Reuters
It’s not too
late for a fair deal on Greece – FT
Editorial:
The Deal Europe Should Make – BB
Greece Nears the Endgame – WSJ
Goldman
Sachs Maps Out How to Trade Three Greek Scenarios – WSJ
Your
updated Greek bank… Jog? Stumble? Whimper? – FT
Scenarios
for Greece - Summer Crunch Time – Danske
Bank
Greek
Pensions-- Cut Numerator or Boost Denominator? – Marc
Chandler
Greek
concessions keep hopes of bailout deal alive – FT
Greek
Tragedy Act III: Take The Money And Run? – Alpha
Now
Said to
Consider Greek Debt Relief as Part of Aid Deal – BB
Grexit
complacency, charted – FT
VoxEU told
you so: Greek Crisis columns since 2009 – VoxEU
REGULARS
Hilsenrath’s Take: Sign of Agreement as Greek Talks
Enter Final Hour * Fed’s Williams Sees Two Rate Hikes This Year * Fed’s Mester:
Economy Could Handle Rate Rise Now * Coming Rate Rise to Test U.S. Housing
Market * Greece Pitches Last-Ditch Bailout Plan as Crisis Nears Endgame
European Equities Surge on Hopes for Imminent Greece Deal
Pressure Mounts to Find Greek Solution
Hope for Greece Springs Again
What the Greek Drama Means for Stocks
European meetings set scene for a deal for Greece this week, triggering
market surge * Scramble to meet deadline for IMF payment given parliamentary
processes… * …while bank liquidity remains an issue, with another ECB meeting
scheduled for Tuesday * Greek deal this month should limit damage to
eurozone economy
Make or break week for Greece * EU leaders to hold
Emergency summit today * EUR/USD steady awaiting further from Greece.
As Greece totters on the edge of
bankruptcy, prime minister Alexis Tsipras offers his creditors yet another
'final' offer ahead of an emergency Eurozone summit this afternoon and the euro
girds for a fall should the embattled country and its creditors fail to agree a
deal.
One Focus Today and It is not a Mistaken Document
Monday's discussions are supposedly the last chance
for Greece to avoid default. But
the Eurozone creditor institutions are in a fairly strong negotiating position
as the markets continue to price in very limited risk of contagion. The EU
corporate sector health in better shape than at any time over the past three
years. Direct exposure to Greece has also reduced
dramatically and the exposure is relatively minor.
New Greek proposals seen as going in right direction
but agreement still far from certain.
Why Stocks Are Soaring (For Now)
The USD selling was reversed rather sharply late
yesterday – an interesting development considering the recent breaks of key
support levels in some USD pairs following the dovish FOMC and weaker than
expected US CPI.
Hyperbole maybe, but Greece has been in the last
chance saloon for so long now that the landlord's called orders, the lights are
out and the timeframe for a deal really could be down to the next 12 hours.
FINNISH
Voihan
Kreikka sentään! | Tällä viikolla luvassa ostopäällikköindeksejä | Norjan
keskuspankki leikkasi ohjauskorkoaan.
Juhani Huopainen: Päätimme
vähän huorata – US
Juhani Huopainen: Suomi
tarvitsee SDP:tä – US
Miksi
vientiteollisuus ei valita eurosta
– Tyhmyri
Lauri Holappa: Kreikka-keskustelun
tolkuttomuudet – Image
Henri Myllyniemi:
Europäättäjillä mahdollisuus tehdä kaksi virhettä tällä viikolla – US