13th Jul - "Deal": an agreement to negotiate

Previously:

Monday: Greece update

W/E: Linkfest

Friday: Greek weekend ahead

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EUROPE

The Euro – A Fatal Conceit – Lars Christensen

Wolfgang Münchau: Greece’s brutal creditors have demolished the eurozone project – FT

Once you strip the eurozone of political ambition, it changes into a utilitarian economic project

Yanis Varoufakis opens up about his five month battle to save Greece – New Statesman

In his first interview since resigning, Greece's former Finance Minister says the Eurogroup is “completely and utterly” controlled by Germany, Greece was “set up” and last week’s referendum was wasted.

Ian Traynor: The July weekend that saved the euro but broke the EU? – The Guardian

From the Balkans to the Baltic the marathon talks have carved deep divisions within the EU and left intense unease about Germany’s increasingly raw power

Tim Worstall: The euro is the problem, so get rid of it – Forbes

  GREECE

Live – Greek Debt Crisis 2015 – Reuters

Live – Eurozone crisis – The Guardian

Live – Eurozone leaders reach Greece deal – FT

Live – Eurozone crisis – WSJ

Martin Sandbu: Three unedifying lessons of the Greek deal – FT

Belligerent summit has kicked the Grexit can down the road – Nordea

What the Street Thinks About the Eurozone’s Greek Deal – WSJ

What’s in the Bailout Deal for Greece and What Happens Next? – BB

After "Deal", Here's What's Next For Greece – ZH

Greece talks: ‘Sorry, but there is no way you are leaving this room’ – FT

Barclays: Greece Banks Not Out Of The Woods, May Impose Tougher Capital Controls, – ZH

Tsipras’ statement following the conclusion of the Eurozone Summit – Greece

Deal After Capitulation By Tsipras: Market Awaits Greek Reaction To Terms – ZH

Explainer: 6 big questions about the deal to save Greece and what comes next – WaPo

More of the same potentially on the cards for Greece as Grexit avoided for now – Open Europe

EU Exit Will Now Be "Threat To Those Who Don't Behave The German Way," BofA Says – ZH

How Will The Greek Privatization Fund Work? – The Short Answer – WSJ

Why a deal might be too late for Greece – WaPo

Greece Hands Airports, Airplanes, Infrastructure And Most Certainly Banks – ZH

Grexit - what if? Greece kept on a short leash – Danske Bank

Deutsche Bank: New Government Likely In Greece, Depositor Bail-In Still Possible – ZH

Preserving the Greek financial sector: options for recap and assistance – Bruegel

Why Europe is in shambles, but Greece is most doomed – WaPo

Jeremy Smith: Farewell to ordoliberalism and the rule of law – Prime Economics

Here’s What the Greek Deal Entails – WSJ

Highlights: Euro zone leaders agree on deal for Greece – Reuters

Alex Massie: Don’t Let’s Be Beastly to the Germans – Capx

Greece faces tough conditions under deal with euro zone – Reuters

Barry Eichengreen: Saving Greece, Saving Europe – Project Syndicate

Why Schauble Almost Used Grexit Option - Tim Geithner Explains – ZH

REGULARS

Daily Central Banks – WSJ

Hilsenrath’s Take: Add Treasury Market Volatility To List of Known Unknowns * Eurozone Leaders Reach Unanimous Agreement on Greece * Greek, Chinese and Puerto Rican Crises All Fall Short of Going Global * Yellen: Fed Still on Track Despite Turmoil * Beijing Faces New Challenges After Stock-Market Rout

Daily Macro – WSJ

Europe’s equity investors cheered a deal keeping Greece in the eurozone – for now. Sovereign-debt yields ticked higher, in part on the view that removing the Greek headwind would be good for the region’s economic prospects. Meanwhile, the euro softened as attention immediately switched to prospects for the U.S. Federal Reserve to start tightening policy in September. Chinese equities also extended their gains after Beijing’s moves last week to shore up sentiment. Developments were more mixed for the energy market. Greece and China should both be bullish for oil prices, as they pave the way for stronger global growth. But the prospect of a deal being struck over Iran’s nuclear ambitions – paving the way for a relaxation of sanctions and easing Iran’s access to the oil market – ought to be bearish for crude.

Morning MoneyBeat Asia – WSJ

Greek Limbo Sets Up Another Monday to Watch in Markets

Morning MoneyBeat Europe – WSJ

Eurozone Leaders Agree Greek Deal

Morning MoneyBeat US – WSJ

Eurozone Agrees a Greek Deal But Hard Work Remains

Danske Daily – Danske Bank

Euro rates update – Nordea

Eye-Opener – Nordea

Greek deadline resulted in another deadline * Safe haven flows back on the agenda, core rates to drop, peripheral spreads narrowed sharply * Eyes on Yellen

Morning Markets – TF

Another week of Eurozone tension, nerves and brinkmanship beckons as a wave of risk-off sentiment swept markets in Asian trade following a weekend of angry and inconclusive negotiations in Brussels. But early Monday in Europe rumours of a possible Greek deal encouraged markets and Germany's DAX spiked sharply ahead of the official opening.

Daily FX Comment – Marc Chandler

Greece Capitulates, Focus Shifts to ECB

Daily Shot – TF

Beyond the headline-grabbing exploits of Greece and China, a whole world's worth of economic flux continues to play out in global markets.

Daily Press Summary – Open Europe

Greece given 15 July deadline to pass key reforms before negotiations over third bailout can start * David Cameron to target EU social and employment laws as part of renegotiation * Fillon: France is the sick man of Europe * Europol warns of organised ‘crime holidays’ to Britain

Brussels Playbook – Politico

US Open – ZH

Global Stocks, Futures Jump In Kneejerk Relief Rally; Safe-Haven Assets Drop

Frontrunning – ZH

FX Update – TF

Tsipras and the EU have reached agreement on new bailout terms, but the Greek parliament will have to agree to this deal before it is valid and clears up the Greek situation for now. And even if the parliament ratifies the deal (didn’t the referendum say no?) the euro may weaken, particularly against the US dollar.

From the Floor – TF

Greece has thrown the towel in and finally accepted a deal that more or less matches the one rejected by electorate on July 5. What's next?

FINNISH

Aamukatsaus – Nordea

Luottamuksen menettäminen tulee Kreikalle kalliiksi | Euroryhmä kokoontuu jälleen tänään käsittelemään Kreikkaa | Iranin ydinneuvottelujen takaraja umpeutui