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EUROPE
As
Crisis Deepens, Eurozone Critics Are Vocal – WSJ
2 paragraphs
that explain the Greek financial crisis – vox
We need a mechanism for sovereign
debt crisis resolution – Lars
Christensen
GREECE
Greece: Markets React — Live –
WSJ
Barry
Eichengreen: Path to Grexit tragedy paved by political incompetence – Conversation
Would
there (will there?) be contagion from Grexit? – Tyler
Cowen
The
Greek choice: Change government or currency – Politico
Europe’s Empress stays silent – Politico
Grexit
and the ghost of Honecker – Politico
Grexit
- what if? Greek referendum changes the game – Danske
Bank
Grexit
further reading – FT
Greece: Analyst views on
capital controls, bank holidays – FT
Charles
Wyplosz: Grexit: The staggering cost of central bank dependence – VoxEU
Greece: Game Over? – Robert Kahn
Europe’s 4 Greek Plan B’s – Politico
The
Sell Side Reacts To Europe's "Lehman Weekend" – ZH
Greek
Stocks Crash 17% As European Banks Plunge Most In 3 Years – ZH
Greece: from default to
Grexit? – Bruegel
Paul
Krugman: Greece Over the Brink – NYT
Juhani
Huopainen: What happens after the Grexit and what to watch out for – TF
Greece – Tony Yates
El-Erian:
The Graccident, as captured by the FT’s front page – FT
ECB
Threatens With Greek Deposit Haircut On Wednesday – ZH
Greek
Crisis: What's Next After Capital Controls? – ZH
Varoufakis’
intervention in 27th June Eurogroup Meeting – Yanis
Varoufakis
A
failed euro would define Angela Merkel’s legacy – FT
Explainer:
If Greece leaves the euro – FT
Wolfgang
Münchau: Tsipras right to walk away, a momentous decision – FT
Europe tells Greeks — this is a vote on the euro – FT
Greek
bailout extension refused: economists give their verdict – The
Guardian
UNITED STATES
US Labour Market Monitor – Danske
Bank
Tighter
labour market to prompt September rate hike -
ASIA
At
least timing appears influenced by stock market plunge
REGULARS
Blackstone’s Take: A Tale of Two Cities: Basel and Athens * Greece Orders Banks
Closed, Imposes Capital Controls to Stem Deposit Flight * China Struggles to
Balance Volatile Markets * BIS Warns of Overreliance on Monetary Policy * Fed’s
George: Payments System Needs Improvement
Greece Endgame in Sight;
Markets Sell Off, Ignore China Rate Cut
Greece Heads for Referendum
Stocks Tipped to Wilt As Greece Deadlock Endures
Risk Aversion in Play as Greek Drama Intensifies
Global Daily – ABN AMRO
ei oo
vissii tält päivält
Expect flight-to-quality - but no new financial crisis
around the corner Expect lower German bond yields and wider peripheral yield
spreads Expect a weaker EUR and a stronger CHF
As Greece descends into chaos, a
risk-off tsunami sweeps markets, sending investors scurrying for safe havens
including gold and the Japanese yen. And though Greece will certainly dominate
sentiment all this week, watch out too for Thursday's US nonfarm payroll data
because of its implications for Fed policy setting.
Markets Stabilizing after Initial Reaction
Greece is likely to become the
first "developed" economy to default to the IMF. Although Germany is the biggest EU
economy, relative to the GDP it's Slovenia that has the largest
exposure to Greece
Greece imposes capital
controls ahead of referendum on creditors’ proposal
European Failures Coming Fast And Heavy Now
Critical times for the euro as the Greek leadership
and its creditors failed to make a deal over the weekend, leading to capital
controls in Greece this week ahead of a
weekend referendum on continuing the bailout programme.
Greece's game of dare has been
ratcheted up to yet another level. What's
next?
FINNISH
Kreikkalaisilla edessään vain
huonoja vaihtoehtoja | Kreikka varastaa huomion tilastojulkistuksilta | Kiinan
keskuspankki leikkasi ohjauskorkoaan
”Euro on 1800-luvun
valuutta” – US
Talousnobelisti
arvioi Kreikkaa: euro oli karmaiseva virhe – Verkkouutiset
Kreikka on totuus
Euroopasta – Antti Ronkainen
Henri Myllyniemi: Euron
toinen epäonnistuminen – US
Peliteoria pyörittää Kreikkaa
– Jouko
Marttila
Elina Lepomäki: Kreikka
ja euro: ongelmia ja oikeita ongelmia – US