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Sunday, July 26

26th Jul - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Sunday, July 19

19th Jul - W/E: Linkfest

19th Jul - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week.

Tuesday, July 14

14th Jul - Waiting the Greek parliament


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ECB Preview: Questions about Greece, Greece and ... GreeceDanske Bank

ECB preview: for Greece, it’s a waiting gameNordea
The agreement between Greece and the three institutions takes some suspense out of the ECB’s monetary policy meeting on Thursday. Still, important questions related to Greece will dominate the press conference:  ELA, the T-bill issuance limit, Greek banks’ health. As long as a bailout is not a done deal, the ECB can hardly remove any restrictions. Monetary policy will play second fiddle. We expect no changes and no indications of upcoming policy changes either.

How A "Eurozone Breakdown" Became A True Black Swan EventZH
In May not a single respondent even mentioned EZ breakdown as risk – in July it perceived the biggest tail risk.

Results of the July 2015 euro area bank lending surveyECB

Olivier Blanchard fails to recognise two major IMF mistakes in GreeceBruegel
Professor Blanchard Writes a Greek TragedyBruegel

Spanish bemoan humiliating defeat in BrusselsFT

The Euro – A Monetary Strangulation MechanismLars Christensen

Greek crisis turns European – George Magnus
There is no Greek deal – Politico
The Troika And The Five FamiliesAutomatic Earth
Einhorn Says Europe Letting Greece Collapse to Stop PopulismZH
Greek Crisis Talks Put French-German Ties to the Test – WSJ

The all-nighter that kept Greece in euro – Politico
Gideon Rachman: Germany’s conditional surrender – FT
Finally, Greece Has a Chance to Rebound – PIIE
AEP: Greece is being treated like a hostile occupied state – The Telegraph
The IMF May Twist Itself Again to Help Keep Greece Afloat – WSJ

The German view on Greece: “There is no sense of glee about this.” – WaPo
Mark Gilbert: Greece and Europe: An Unhealthy Affair – View / BB
Editors: Greece Should Just Quit – View / BB
Charles Wyplosz: The new European UnionVoxEU
Clive Crook: Europe Owns This Disaster – View / BB

Greeks Rebel Against Bailout, Risk Collapse – Yves Smith
Greece needs debt relief far beyond EU plans - Secret IMF reportReuters
Greece May Need Even More Debt Relief, Financing Than IMF Estimated – WSJ
I love Germany. And Greece. And especially FinlandSteve Waldman
Greece and the Future of EuropeMarc Chandler

Schäuble undermines Greek deal – Politico
IMF May Walk Away From Greek Bailout – ZH

Daily Central BanksWSJ
Hilsenrath’s Take: Janet Yellen Has Relationship Issues * Yellen’s Fed Flounders in Political Arena * U.S. Finds ‘No Single Cause’ of Treasurys Tremor * Wall Street’s Top Cop Takes Harder Line * ECB To Leave Emergency Lending for Greek Banks Unchanged

Daily MacroWSJ
Having been preoccupied with Greece and China for much of the past month, investors switched their attention to Iran on Tuesday following a landmark deal between the country and global powers, led by the U.S., over its nuclear program. The deal could yet fail – there’s plenty of mistrust on both sides – but for now it raises the prospects of a hefty stream of Iranian oil hitting an already glutted global economy. Little wonder that crude prices continued to fall in early trading. Elsewhere, Chinese equities pulled back slightly following the hefty rally of the previous three sessions and eurozone equities suffered a bout of profit-taking in a post-Greek deal breather. Now comes the hard part for the Greek government–legislating and implementing its agreement.

Morning MoneyBeat AsiaWSJ
U.S. Stocks Rally as Europe Steps Back From the Edge

Morning MoneyBeat EuropeWSJ
Markets Pause After Monday’s Euphoria

Morning MoneyBeat USWSJ
Banks Should Boost Overall Earnings Growth Rate

Danske DailyDanske Bank

Euro rates updateNordea

Eurogroup discusses bridge financing while Tsipras faces a revolt * US retail data and inflation prints from UK and Sweden * Holland’s Dijsselbloem won vote to continue as Eurogroup president

Morning MarketsTF
WTI crude is drifting lower as the global powers look to be reaching an agreement on Iran's nuclear programme.

Daily FX CommentMarc Chandler
Consolidation Awaiting Fresh Developments

Daily ShotTF
The onerous terms of that deal means Greece will almost certainly be back at the negotiating table in the not-too-distant future.

Daily Press SummaryOpen Europe
Tsipras faces party rebellion as Greek parliament prepares to vote on bailout measures * UK could face request to underwrite €850m share of Greek bridging loan * Dijsselbloem re-elected Eurogroup President for second term * Le Figaro: Greek deal should serve as a warning to France that Europe is merciless * Romanian Prime Minister Victor Ponta refuses to step down over corruption charges * UK faces fine over handling of EU farm payments

Brussels PlaybookPolitico

Stocks Get Second Thoughts About Greek Deal: Turn Red From China To Europe


FX UpdateTF
EURUSD is trading below 1.1000 this morning, a significant level that opens the way for 1.0500 and beyond, provided the parliamentary votes on the Greek deal in Greece and across Europe don’t throw up any roadblocks.

From the FloorTF
The Greek deal is in, and markets appear confident that the Greek parliament will ensure its safe passage in tomorrow's vote. Why, then, does everything still feel so... unresolved?

Kreikan eurojäsenyys edelleen ohuen langan varassa | Tänään julkaistaan USA:n vähittäismyyntiluvut | Ruotsissa inflaatio hidastuu hieman

Paavo Väyrynen: Kansanäänestys Suomen jäsenyydestä euroalueessa US

Jussi Saramo: Eurooppalainen unelma kuoliUS

Teollisuuden liikevaihto helmi-huhtik. väheni runsaat 2% YoY – Tilastokeskus
Palvelujen liikevaihto helmi-huhtik.  +4,8% YoY – Tilastokeskus
Inflaatio kesäkuussa -0,1 prosenttia – Tilastokeskus