Referendum Day To Decide Greek's Future Is 12/4

Tyler Durden's picture

Just headlines, via Bloomberg, for now as Juncker and Sarkozy play good-cop / bad-cop:

*SARKOZY SAYS REFERENDUM WILL DECIDE GREECE'S EURO FUTURE

*SARKOZY SAYS REFERENDUM WILL BE AROUND DEC. 4 OR DEC. 5

*SARKOZY SAYS CAN'T HAVE 'PROLONGED PERIOD OF UNCERTAINTY'

*SARKOZY SAYS 'WE ARE READY TO AID GREECE'

*SARKOZY SAYS GREECE WON'T GET `SINGLE CENT' WITHOUT ENACTMENT

*JUNCKER SAYS AID PAYMENT DEPENDS ON GREEK VOTE

*GREECE HAS `LOST 8 BILLION. THAT IS A PITY,' JUNCKER SAYS

and then Angie butted in:

*MERKEL SAYS GREEK REFERENDUM IS MASSIVE CHANGE OF SITUATION

*MERKEL SAYS FIREWALL MEASURES MUST BE SPEEDED UP

*MERKEL SAYS KEEPING EURO STABLE IS THE PRIORITY

*MERKEL SAYS EU EXPECTS POLITICAL CONSENSUS IN GREECE

*MERKEL SAYS GREECE MUST ACCEPT FULL DEAL TO GET NEXT TRANCHE

 

Christine then added, rather passive-aggressively (given out earlier note on Greek maturities):

*IMF'S LAGARDE SAYS HOPES GREECE TRANCHE CAN BE CLOSED MID-DEC

Initial reaction is ES selling off 3-4pts and very slight downtick in EUR

UPDATE: ES -6pts and EUR -35pips - some CONTEXT for where markets stand based on ES rally today as broad risk-assets generally sold off: