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Thursday, June 6

6th Jun - EU Open: The IMF Confession Pt 2





Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT
Asia Morning MoneyBeat: Don’t worry, it’s all healthy – WSJ
Europe Morning MoneyBeat: Central Banks May Not Offer Much Respite – WSJ

MORNING BRIEFINGS
3 Numbers to Watch: German manufacturing, ECB policy, US joblessTradingFloor
Factory orders for Germany, an ECB interest rate decision and weekly jobless claims for the US will be on the shortlist of key numbers to watch today.

Market Preview: European central bankers in focusTradingFloor
European markets are likely to open lower Thursday. Traders will eye today's ECB and the BoE policy meetings. Both banks are expected to hold their policy stance steady. Also, German factory orders and US jobless claims data holds interest.

Danske DailyDanske Bank (pdf)
ECB not likely to cut rates, might present an ABS program but not likely. BoE also expected to stay put. German factory orders the most important data point.

AamukatsausNordea
Lasku, kiitos! * Suomi on taas virallisesti taantumassa * Heikko talousdata painoi korkoja

Aamukatsaus – Tapiola (pdf)


MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

EUROPE
  IMF & GREECE
Ignored Many Flaws — the reportalphaville / FT
Click for the IMF’s
“ex post evaluation” of its role in the Greek bailout. Its mea culpa. And if you thought we were being harsh here, parts of the real thing are excoriating.

Growth is truthA Fistful of Euros
Two issues here. First, aren’t EU norms supposed to be growth enhancing? But second, does the Fund really think there is a definitive account somewhere of specific structural reforms that will surely result in growth within a couple of years?

IMF Concedes It Made Mistakes on GreeceWSJ
Fund Says It Bent Rules on Debt Relief, but Argues That Bought Time for Europe to Limit the Fallout

Greek RegretsKrugman / NYT

IMF Demands $18 For Hard Copy Admission That It Is An IdiotZH

IMF: Our Greek bailout was full of 'notable failures'Wonkblog / WP

Greece: Third Review Under the Extended Arrangement Under the Extended Fund FacilityIMF

Greece: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By ArrangementIMF

Greece: 2013 Article IV ConsultationIMF

Greece: Selected IssuesIMF

ASIA
Nikkei's Rally Enters A Crash ModeThe Short Side of the Long

Japanese Stocks End Morning 'Dead-Cat-Bounce' Session Near LowsZH
Japanese Stocks Hit Bear Market – ZH

Chart of the Day: Japan’s Margin Debt ExplosionPragCap

The Aussie dollar – from south pacific peso to southern Swiss franc and back againalphaville / FT

OTHER
Book Review: Misunderstanding Financial Crises: Why We Don’t See Them ComingCFA Institute

Who Predicted The Crisis-ReduxEconoSpeak

FINNISH
Kaikki oleellinen Kreikan "takuuksista"Henri Heikkinen / US Puheenvuoro

Kaikkia työsuhdemuotoja tarvitaanEK
Nollatyösopimuksella tarkoitetaan yleensä työsopimusta, joka on toistaiseksi voimassaoleva ja jossa vähimmäistyöajasta ei ole sovittu.