Is it over yet?


Greeks to go all in!
United States: Fed minutes suggest confusion
United States: Housing Data holds up
United Kingdom: Wage growth accelerates

Good morning,

A Greek bailout extension request will be formally presented tomorrow, but many parts of it have already been presented and rejected, according to the FT.

Unless EU officials change course, the document is a tough starting point for negotiations that Dijsselbloem said need to be completed on Friday. Initial responses from a German finance ministry spokesman and a European Commission VP were unwavering in that the conditions attached to the original loans couldn’t be changed.

However, given that the Greek government was voted in on scrapping the bailout, it’s difficult to see who will blink first.

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Global Macro-Daily Note 19th February 2015


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Categories: Daily Note