Germany

Tyler Durden's picture

Europe Gives Greece 24 Hours To Comply; Germany Draws Up Capital Control Plans





"Greece was warned by a group of European Union officials in Brussels it had less than 24 hours to come up with a serious counter-proposal," Bloomberg says. Meanwhile, Reuters reports that Germany is "holding 'concrete consultations' on what to do in the case of a bankruptcy of the Greek state."

 
Tyler Durden's picture

Did Greece's Time Just Run Out?





“There’s no more space for gambling, there’s no more time for gambling. The day is coming, I’m afraid, where someone says the game is over."

 
Pivotfarm's picture

10 Shortest-Serving Leaders in Power





The short time one is allowed to strut and fret upon the stage before the brief candle is extinguished by some sudden change of circumstances is perhaps not quick enough when looking at the leaders that rule our countries these days.

 
Tyler Durden's picture

Poll Finds Majority Of Greeks Ready To Fold To Troika, Even As Anti-Austerity Protests Return





As unemployment rises to near 27%, a new poll shows more than half of Greeks support giving in to creditors "if they insist on it." Meanwhile, anti-austerity protests are back, with communist-affiliated union members demonstrating at the finance ministry in Athens. 

 
Tyler Durden's picture

Frontrunning: June 11





  • Pope urges Putin to make 'sincere, great effort' for Ukraine peace (Reuters)
  • Merkel Tells Tsipras It’s Time to Back Talk With Policy Action (BBG)
  • 'Greek tragedy' needs happy ending now: EU's Moscovici (Reuters)
  • Vulture Funds Circle Greece Targeting Europe’s Best Trading Bet (BBG)
  • Germany against third aid program for Greece under any circumstances, says daily (Reuters)
  • Biggest OPEC Members Pump Record Oil With Rally in Jeopardy (BBG)
  • Greek ruling reversing pension cuts will cost state 1 to 1.5 bln euros (Kathimerini)
  • China’s Former Security Chief Zhou Yongkang Sentenced to Life in Prison (WSJ)
  • MSCI backs itself into corner on China share inclusion (Reuters)
 
Tyler Durden's picture

Futures Flat As Latest Greek Euphoria Questioned; Chinese Economy Bounces In Night Of Rate Cuts





It has been a mostly quiet overnight session with Europe solidly green on another bout of Greek hope even as Bundesbank's Weidmann warned that Greek insolvency risks are rising and Greece reporting that its unemployment rose once more from 26.1% to 26.6% in Q1, in which we got two more rate cuts by New Zealand (which sent the Kiwi crashing the most since 2011) and South Korea (the Won initially dipped only to rebound) but China stole the stage with its latest report on retail sales, industrial production, and fixed investment all of which showed a modest bounce from multi-year lows suggesting the PBOC's attempts to shock the economy into growth may be starting to work (which is bad news for the market).

 
GoldCore's picture

Americans “Looted” Nazi Gold – Reminder of Gold’s Role in Times of Crisis





In the last days of the Second World War American troops uncovered a large stash of gold, silver and paper currencies at the post office of a small town in eastern Germany called Plauen. Documents show that the stash was directly linked to SS chief Heinrich Himmler.

 
Tyler Durden's picture

Why Greece Must Leave





Greece should get out as fast as it can, all member countries should, especially the poorer ones. There is no benign or even economically viable future for any of them in the Union. A future inside the union is infinitely more frightening than one outside. What is evident by now is that the troika creditors don’t come to the table to negotiate, they come to impose their will. And those countries that carry the most debt are most vulnerable to the threats flung across the table. If you don’t get out, in time Germany will decide what you can eat, what your children learn in school, and how you are to behave. You will no longer live in sovereign nations.

 
Tyler Durden's picture

China's Global Ambitions Take Shape As AIIB Structure Revealed, Germany Pledges Full Support





As China builds its own multilateral institutions, Beijing has been keen to dispel the notion that it seeks to supplant the Bretton Woods order with its own brand of Eastern hegemony and although one can certainly question the degree to which China’s aims are rooted purely in an inclination to be benevolent towards nations in need of fixed asset investment, Beijing is making an effort to distance itself from the way the US governs the institutions under its control.

 
Tyler Durden's picture

Bush Brother Calls Putin "Bully", Warns Of "Consequences" For Russia If Elected





"Ultimately I think to deal with Putin you need to deal from strength - he's a bully and ... you enable bad behavior when you're nuanced with a guy like that."

 
Tyler Durden's picture

"Obama Is Destroying Europe", "Dragging It Into A Crusade Against Russia" Says Former French PM





"Today, Europe is not independent… The US is drawing us [the EU] into a crusade against Russia, which contradicts the interests of Europe,” said the former French Prime Minister Fillon while the chief economist at Bremer Landesbank adds that as a result of US policies "unmeasurable damage lies in an elevated geopolitical risk situation for the people in the EU.”

 
Tyler Durden's picture

Germany Talks Back Latest Greek "Fix" Rumor, Futures Refuse To Drop





Surprise! Germany has begun to talk back their exuberant headlines over a Greek compromise. As Reuters reports, Germany will only accept a cash-for-reform deal between Greece and its international creditors that has the approval of all three lending instutions, a government spokesman said in response to reports that Berlin was considering easier terms, "all else is pure invention."   EURUSD has faded back all of the headline gains... but for now US equity futures remain convinced.

 
Tyler Durden's picture

Approaching The "Other" Parity: Greek Emergency Liquidity Surges After "Massive" Deposit Outflow





While we await for Germany to deny the latest "Greece is fixed" report, below is a quick update of what is going on with Greek bank liquidity. It is not good.

 
Tyler Durden's picture

Euro & Stocks Surge On Report Of German Compromise Over Greece Deal





After all the sound and fury from Schaeuble, we are now to believe he is ready to back down...

*GERMANY SAID TO CONSIDER SETTLING FOR ONE GREEK REFORM UP FRONT, OFFERING GREECE STAGGERED DEAL ON AID

Stocks and the Euro have resurged on the news. We await Germany's denial within the next 30 minutes (and the subsequent FBI investigation)

 
Phoenix Capital Research's picture

We Haven't Seen Moves Like This Since 2008





The bounce in risk we are witnessing today will not last. The underlying moves in the largest markets in the world are equal to those we saw during the 2008 Crash. Stocks are ALWAYS the last to "get it."

 
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