Much Ado About No Greek Headlines

Tyler Durden's picture

In an emailed statement from the Greek finance ministry, we are told not to expect to hear anything from anyone about anything. Sounds like they have it all under control then...

*GREECE SAYS NO OFFICIAL ANNOUNCEMENT EXPECTED AFTER TROIKA CALL

 

*GREEK FINANCE MINISTRY SAYS CALL BEGAN AT 7:22 P.M. GREEK TIME

The call is also being attended by George Zanias, the chairman of the council of economic advisers and Elias Plaskovitis, the ministry secretary-general.

The market's initial reaction is to sell-off on this no news as ES moves towards the day's lows and EUR inches lower. Note also that XLF (the financials' ETF) did not participate on the upside ramp into the Europe close and is now at the day's lows -3.4%. WTI just cracked $85 (lows of day).

 

UPDATE: 

  • GREEK CALL WITH TROIKA MAY CONTINUE TOMORROW OR LATER: MINISTRY :-Are they all on hold for Bernanke?
  • GREEK FINANCE MINISTRY SAYS NO CABINET MEETING PLANNED SEPT. 20 :-  Deny, Deny, Deny, or simply Lie, because this contrasts with earlier reports that G-Pap would convene a cabinet meeting after the call.

Source: Bloomberg