Just a short morning post, I’ll update this as the stuff comes online. See last night’s ECB, Bottoms Up! post for the good reads and my views. Still no Greek deal... Would be funny if it weren't sad. Today's main event will be ECB's Q&A session with the press, where Super Mario will surely be questioned on the Greek PSI and ECB's participation policy.
News – BTH
News – BTH
News – The Trader
Daily – Danske Bank (pdf)
Morning Briefing – BNY Mellon
-Although European officials would far prefer Greece to accede to the troika’s demands, they seem prepared to deal with the fall-out if they don’t.
Market Preview – Saxo
-ECB, BoE today's main events
-Although European officials would far prefer Greece to accede to the troika’s demands, they seem prepared to deal with the fall-out if they don’t.
Market Preview – Saxo
-ECB, BoE today's main events
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
EURO CRISIS: GREECE
An escrow account for bondholders, combined with a likely enhanced euro area/IMF financial firewall against contagion, to become operational by July, would disarm the Greek government in future games of chicken with the euro area.
A Not-So-Noble Idea – ISDA
Stiglitz is wrong – the CDS is a minimal part of the Greek crisis. (I recently posted Why not to call default a default on this)