Greek Finance Minister Source Says…
Written February 20, 2012 at 5:59 AM EST by John Teister
- There appears to be an agreement at Eurozone working group lowering interest rate on EU/IMF loans already paid out to Greece.
- There appears to be an agreement on particiaption in debt swap on Greek bonds held investment portfolios on Central Banks.
- Questions remain on whether profits from Greek bond portfolio should be transferred to Greece.
- Deeper haircut for Greece’s private bondholders still being discussed.
- Talks on Greece escrow account hav emoved forward.
- Appears deal to cut rate on first bailout is agreed.
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Officials say Greek bailout approval is likely to take place the week of March 12th.
Written February 20, 2012 at 4:22 AM EST by John Teister
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S&P analyst says negative outlook for Japan means 1/3 chance of downgrade over the next 2 years.
Written February 20, 2012 at 2:44 AM EST by John Teister
Adds that a failure of sales tax legislation alone would not promp Japan downgrade.
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S&P keeps Japan rating at AA-, outlook negative.
Written February 20, 2012 at 2:41 AM EST by John Teister
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ECB’s director general for legal services says they are looking at how the Eurozone governments can channel profits from the ECB’s Greek bond holdings to aid Greece.
Written February 20, 2012 at 2:18 AM EST by John Teister
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German President Wulff announces resignation.
Written February 17, 2012 at 5:08 AM EST by John Teister
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UK Retail Sales 0.9%; stronger than the -0.3% expectation (0.6% prior).
Written February 17, 2012 at 4:32 AM EST by John Teister
- (Y/Y) -2.0% vs. 0.5% expected (2.6% prior).
- Ex. Auto Fuel (Jan) 1.2% vs. -0.3% expected.
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SNB’s Moser says CHF remains strong, cap countered massive over valuation. Ready to act if needed.
Written February 17, 2012 at 4:25 AM EST by John Teister
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