Complete Euro Debt Crisis Forward Calendar

Here are the key scheduled events over the next several months in Europe. These are the known events. Uknown ones, such as the expulsion of Greece, or the unwind of the monetary experiment, a revolution here and there, are obviously not noted.

GREECE:

• June 3 -- Prime Minister George Papandreou outlines medium-term budget plan to Eurogroup chairman Jean-Claude Juncker. The plan and a report by an EU, IMF and European Central Bank mission to Athens are seen as crucial steps for Greece to get a second bailout from its international creditors.

POLITICS/STRIKES:

• June 4 - Public sector union ADEDY holds rally to protest against new austerity measures planned by the government.
• June 15 - Workers at state firms slated for privatisation plan a 24-hour strike.

GOVERNMENT DEBT SUPPLY:

• Debt agency is continuing its monthly sales of short-term debt, while persistent talk of a debt restructuring maintains yield spreads on Greek government bonds over German bunds at record highs.
• June 7 - Debt agency sets amount of 6-month T-bills to be auctioned June 14.

DATA:

• -- June 8 - April industrial output data.
• -- June 8 - March unemployment.
• -- June 9 - May consumer inflation.
• -- June 9 - Q1 provisional GDP estimate.

EUROPEAN UNION:

• June 20 - Eurogroup meeting of euro zone finance ministers and Ecofin meeting of EU finance ministers in Luxembourg
• June 24 - Summit of EU heads of state and government in Brussels.

IRELAND:

• Ireland has drawn down a third of the 67.5 billion euros in loans from the EU and the IMF. It has received 10.2 billion euros from the IMF and 12.6 billion from Europe's bailout funds.

BANKING RECAPITALISATION PLANS:

• Ireland has until the end of July to recapitalise the country's four remaining lenders by up to 24 billion euros.
• Dublin is hoping to avoid having to borrow any funds for its fifth bank bailout in under three years by using 17.5 billion euros in state funds and raising the rest through imposing losses on subordinated bonds and asset sales.
• On May 13, the Irish government launched a programme that would impose losses of between 75 and 90 percent on some 2.6 billion euros worth of subordinated bonds in Allied Irish banks <ALBK.I>. Two investors are challenging the move in Ireland's High Court.
• On May 31, Bank of Ireland <BKIR.I>, Irish Life & Permanent <IPM.I> and EBS Building Society [EBSBS.UL] said they would impose losses of up to 90 percent on junior bondholders.

DATA:

• June 7 - Residential property index for April.
• June 9 - CPI for May.
• June 10 - Central bank releases statistics on emergency loans to Irish banks and Irish banks' borrowings from the ECB.

IMF PACKAGE:

• End Q2 2011 - Government must submit a timetable for implementing reforms agreed with the IMF and EU.
• End Q2 2011 - Deadline for legislation increasing state pension age to 66 years in 2014, 67 in 2021, 68 in 2028.
• End Q3 2011 - Legislation to liberalise legal and medical services sectors, including pharmacists.
• End Q4 2011 - Independent assessment of electricity and gas sectors with a view to increasing competition.

PORTUGAL:

POLITICS:

• June 5 - Snap general election.

ECONOMIC DATA:

• June 6 - Bank of Portugal publishes statistics on banks' borrowing from European Central Bank in May.
• June 7 - Bank of Portugal releases mid-year financial stability report.
• June 9 - National Statistics Institute publishes consumer price index for May.
• June 9 - National Statistics Institute publishes second reading for first-quarter gross domestic product.
• June 9 - National Statistics Institute publishes Feb-April trade balance.
• June 20 - Finance Ministry publishes budget execution statistics for Jan-May.
• June 22 - Bank of Portugal publishes current account balance for Jan-April.
• June 29 - National Statistics Institute releases business and consumer confidence indices for June.
• July 11 - National Statistics Institute publishes March-May trade balance.
• July 12 - National Statistics Institute publishes consumer price index for June.
• Bank of Portugal's summer economic bulletin.
• July 21 - Bank of Portugal publishes current account balance for Jan-May.

GOVERNMENT DEBT SUPPLY:
(Tentative programme, changes likely)

• June 15 - IGCP debt agency offers between 500 million euros and 750 million euros in 3-month Treasury bills.
• Late June - Likely release of third-quarter T-bill issuance programme.

SPAIN:

REFORM:

• Government has pushed back to June 10 the deadline for an agreement on three-way talks with unions and business heads on reforming collective wage bargaining process.
• Spain's savings banks have until September to raise capital levels, or face possible part-nationalisation.

LEADERSHIP CONTEST

• Spain's governing Socialist Party is due to name Deputy Prime Minister Alfredo Perez Rubalcaba in June as successor to Prime Minister Jose Luis Rodriguez Zapatero who decided not to stand at the next general elections due by March 2012.

ECONOMIC DATA:

• June 6 - Industrial output April.
• June 14 - May final inflation.

DEBT ISSUES:

• June 14 - 12-, 18-month T-bills.
• June 21 - 3-, 6-month T-bills.

GERMANY:

POLITICS:

Germany has two state elections remaining in 2011, which pose a potential threat to Chancellor Angela Merkel's already weak grip on the upper house of parliament, or Bundesrat, which represents the 16 states.

The dates are as follows:

• Sept. 4 - Mecklenburg-Vorpommern.
• Sept. 18 - Berlin.

CONSTITUTIONAL COURT:

• Germany's constitutional court in Karlsruhe is due to give a ruling this year on the aid package for Greece and euro zone rescue package agreed last year. There is no firm date.

ECONOMIC DATA:

• June 7 - April industrial orders.
• June 8 - April trade.
• June 10 - May CPI.

G7/G8/G20 MEETINGS:

• June 22-23 - G20 agriculture ministers meeting in France.
• Sept. 9-10 - G7 finance ministers due to meet in Marseille.
• Sept. 26-27 - G20 labour ministers meeting in Paris.
• Oct. 14-15 - G20 finance ministers meeting in Paris.
• Nov. 3-4 - G20 Annual Summit in Cannes, France.

Source: Reuters

Comments

[hugovanderbubble]

Euro is a mess Tyler, too  many countries, different targets,...

http://www.rankia.com/contenidos/778989-escenarios-para-escepticos-siemprealcistas-permaosos-incredulos-guapos-solteros/images/41841

[MiningJunkie]

Will you all actually LISTEN to that fucking windbag Alan Greenspan? What a complete obfuscating moron. Completely full of shit and senile to boot...

[White.Star.Line]

Greenspan is anything but a "full of shit moron".

He is the brilliant architect of the heist of all heists, while under the guise of "managing" our economy and appearing bamboozled half the time.

The fact he has not already been charged with treason is a tragedy for our country.

[straty01]

I do not know what is crazier:

The fact this shill has the gall to point out the issues HE CREATED!  He is covered in bullshit and then points the finger?

Or that he has been earning 50grand for public speeches!

[White.Star.Line]

I feel your pain.

Every time this carnival barker makes a statement about how no one could have foreseen these events, makes me want to pull this old geezer's pants off and spank him in public.

He needs to be forced to write on a prison blackboard "The maestro is a dirty little liar and a thief" once for every penny that was stolen with him as an accomplice.

[Dolemite]

Sell your paper silver for time being

http://deadcatbouncing.blogspot.com/2011/06/silver-breakout.html

[shortus cynicus]

I'm very disappointed by exclusion of all the unexpected events.

[bad craziness]

mid june we're fucked. buckle up mofos. buy phys and hold on. overanout

[bigdumbnugly]

rule of thumb:

if the calendar can't be held on a sticky note or on the fridge door wirh a little magnet - you're in too deep.

[falak pema]

"if you cant avoid financial rape lie back and enjoy being double penetrated"..; Papandreou's advice to the Greek people...