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Tsipras: In a war between workers and bankers
- War not between European peoples
- On June 17, voices of hope will defeat fear
Fight the power, dude… Sounds like he’s spent some time in an Occupy Athens camp…
Syriza MP threathens debt moratorium
But that assumes they can cobble together a majority, a big if.
Here’s an interview in the local press with Panayiotis Lafazanis.
French Mortgage giant may have to be nationalized
Caisse Centrale du Crédit Immobilier de France (3CIF) stands on the brink of collpase and may need to be nationalized by the French government, the Sunday Times reports.
Welcome to the Elysee, M. Hollande.
UK’s Cameron: Make up your mind, Greece
Euro zone must take decisive action and Greece must make up minds…
Hollande: Spanish banks should use ESM to recapitalize
Weren’t we told earlier today by Olli Rehn that Spain did not need European help? Let’s get our stories straight chaps…
Hollande: We must do everything so Greece stays in euro
Everything? Not sure Frau Merkel agrees.
Hollande says there will be a European members meeting at the G8…
G8 will press Germany on growth
The G8 Summit at Camp David in the US is underway and will continue tomorrow.
Obama met with Holland today and afterwards the US President said he’s looking forward to discussions about a “responsible approach to fiscal consolidation that is coupled with a strong growth agenda.”
The emerging battlelines show the France, Italy and the US pushing Germany to be more flexible on austerity. Germany fought back yesterday with a Merkel spokesperson saying EU leaders agree austerity and growth are compatible.
There may be some talk of funds for the European Investment Bank as a growth mechanism but it’s unlikely that anything will be announced.
It’s unlikely that anything will be said that moves markets but if Germany seems to back away from the strict austerity plans in place, it would be positive for risk trades, commodities and even the euro.
A change in tone from Germany is unlike at the moment because it would upset the Greek elections. It’s in Europe’s best interest to scare the Greek public into voting for New Democracy and Pasok, rather than Syriza.
Germany denies Merkel suggested referendum
What a soap opera….
Samaras: Merkel referendum proposal “unfortunate”
- Greek people don’t need euro referendum
Syriza leader Tsipras says Merkel will get her answer on June 17 (the day of the next election).
DJ: EU, ECB working on Greek euro exit scenarios
They would be guilty of malpractice if they weren’t.
- Assessing impact on EZ firewalls, banks…
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