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Tsipras will not resign - Livesquawk
Government official denies Tsipras will resignOur chums at Livesquawk reporting Reuters and a Greek government official saying that the PM will not be handing in his notice
Another big day for Greece tomorrow so be aware that we may see risk being taken off the table like we have for the recent weekend activities
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So what if he does not resign : he did all the worse he could. Some more bad will not change anything now
Greek fin min says government accepted compromise on deal with creditors
Tskalotos out on the wires a short while ago
Meanwhile Spanish PM Rajoy says he will put his position on Greek accord to parliament. No time specified
EURUSD 1.1022 after 1.1036 highs EURGBP up through 0.7050 to post 0.7069 on weaker UK wages data but back to 0.7052 now
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Tsipras has finally turned up - says he is proud of the 'fight' over the past 5 month
Greek PM Tsipras addressing the Greek parliament
Even the IMF calls the agreement the Greeks are being asked to approve a crock
EU agrees in principle to provide €7bn bridge loan to Greece - Finland passes Greek m
Bloomberg with one of their big red headlines
It was widely known that the loan was good, in principle
Also popping up is Finland's Stubb confirming Finnish parliament approved the mandate for Greek bailout talks
Another hurdle vaulted
Greece: Day 11 After 'No' - Short Summary & Game Plan
Last night the Greek parliament passed the reform legislation needed to pave the way for the EU bailout (229 yes out of 300). Tsipras faced strong opposition within his own Syriza party with 38 MPs (32 No / 6 absent) not backing the measures, leaving government majority at 124.
Backing from 120 members is required keeping the government in place, so Tsipras has survived but is very weakened. · The Eurogroup welcomes the adoption by the Greek Parliament and decided to grant a 3-year ESM stability support to Greece.
Greece bridge loan is set to be approved with 7bn being disbursed from EFSM fund · Finnish parliament Grand Committee approves Greek bailout programme
Today’s ECB meeting was dominated by questions about Greek (18 out of 23).
Draghi said on the press conference that the ECB increased ELA to Greek banks by 900mn over one week.
Greek media reports banks to reopen Monday or Tuesday next week (no details on capital controls).
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Greece sends invite to IMF to start discussions
An invite to Athens from GreeceMNI report that the invites have gone out
Greece's deputy fin min Mardas has been out also saying that the government is looking to issue a ministerial decision to ease up on some "procedural issues" for some firms caused by capital controls. They will also review ATM limits in due course
This is never going to end
This is never going to end
Why should it end. They have a perfect excuse for any s...t they do now
IMF cannot join Greek bailout - Livesquawk
IMF put the cat among the pigeons
Livesquawk with a report that the IMF says that Greece's debt burden is too high for them to consider a third bailout
The news comes from Peter Spiegel in the FT
There was a two hour IMF board meeting on Wednesday in which the the board was told that Greece's debt levels and poor reform record disqualify the IMF from a third bailout
Even so, it seems that the IMF may still take part in the bailout negotiations but may not decide to agree any new program, perhaps into 2016
The spanner in the works comes from the IMF only deciding at a "stage two" part of the negotiations if Greece has agreed more reforms and Eurozone lenders have agreed on debt relief
Many in the EZ have said that a haircut for Greece is off the table
The news is just what sellers were looking for to kick EURUSD down through 1.0920 to a 1.0911 low
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