Ca en devient lassant de faire une revue de presse là dessus. J'hésite presque à laisser les clowns s'agiter dans l'indifférence tellement tout ceci tourne au grotesque...
Der Spiegel Claims Merkel-Sarkozy Agreement Has Collapsed; Bloomberg Reports Europe May Withhold Half of Greek Payment
Mish's Global Economic Trend Analysis, Mike Shedlock, 19/06/2011 (traduire en Français )
Two interesting stories regarding Greece have hit the wires today. It´s difficult to know if they are related.
First, Der Spiegel claims the agreement negotiated between German chancellor Merkel and French president Sarkozy has collapsed; Second, Bloomberg reports Europe will pressure Greece by withholding half of the next tranche of money.
A German compromise plan to resolve a dispute with the European Central Bank over the Greek rescue that was reported by Der Spiegel magazine is no longer on the table, a government source said Sunday.
Der Spiegel had reported ahead of its Monday issue that the German finance ministry called for a beefed-up version of Europe's temporary bailout mechanism lending to Greek banks to insure they have adequate collateral with the ECB.
It would boost the effective lending capacity of the Emergency Financial Stability Facility (EFSF) to 440 billion euros ($629 billion) and see member states double the amount of guarantees they provide the fund.
Germany's share of guarantees would climb to 246 billion euros from 123 billion euros, according to the report.
But a German official, who spoke on condition of anonymity, said that while "several options" were being debated to involve private creditors in an Athens rescue, the reported proposal was "no longer on the agenda".
The source added that the initial plan had differed from the reported proposal in "key aspects".
German officials say they seek a plan with as few "unwanted side effects" as possible.
European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.
La zone euro a renvoyé dimanche soir la balle dans le camp de la Grèce en refusant de débloquer la cinquième tranche de l'aide à Athènes et de valider un second plan d'aide au pays tant que le Parlement grec n'aura pas voté un nouveau programme d'austérité.
Surtout, ils "(ont) rappelé avec force au gouvernement grec que, d'ici la fin du mois, il doit faire en sorte que tous soient convaincus que tous les engagements pris par les autorités grecques soient remplis", selon les mots du président de l'Eurogroupe, Jean-Claude Juncker, à la sortie de la réunion. "Vous ne pouvez pas imaginer une seconde que nous nous engagions à financer sans savoir si le gouvernement grec a endossé les obligations qui sont celles de la Grèce", a-t-il encore indiqué aux journalistes.
Papandreou Warns Of Catastrophic Consequences To Greece If He Is Deposed, Calls For Vague Constitutional Reform Referendum
Papandreou's latest attempt to buy his failed regime some time, after last week reneging on his promise to step down (which certainly did not buy him any friends), was a speech to Parliament in which he told Greece the obvious "We had three choices.First, bankruptcy, second, leaving the euro, the third, helping the support mechanism that we created... The consequences of a violent bankruptcy or exit from the euro would be immediately catastrophic for households, the banks, and the country's credibility."
"Let's understand that the future path of out nation is pour responsibility. I want to ask for the Vote of Confidence not in order to find a scapegoat [as in G-Pap] but in order to undertake action and so that Greece is not dependant on Lending Powers."
Combien de temps vont-ils encore tenir avant de finir par être obligés à organiser la vraie déflation des goinfres ?
Et sur fonds de manifs en Espagne et en Grèce, on a même Max Keiser qui était en Grèce :
Crisis Hour: Europe May Withhold Half Of €12 Billion Greek Aid As No Emergency Meeting Decision Reached
On constate que la dette totale de la Grèce atteint 360 milliards d’euros dont 285 milliards sous la forme d’obligations et 75 milliards via des prêts.
Le premier créancier privé étranger apparaît à la 12e place. Il s’agit de BNP Paribas avec une exposition de 5 milliards d’euros. La banque belgo-française Dexia se trouve deux places plus bas avec 3,5 milliards en portefeuille. L’assureur Ageas occupe la 30e position avec 1,2 milliard d’euros. Quant à KBC, elle clôt le classement avec 600 millions d’euros.
Les anglais retirent leurs billes de l'inter bancaire en euros... On se dirige tout droit vers une sévère dégradation des money markets...
UK banks abandon eurozone over Greek default fears
The Daily Telegraph, Harry Wilson, 18/06/2011 (traduire en Français )
UK banks have pulled billions of pounds of funding from the eurozone as fears grow about the impact of a “Lehman-style” event connected to a Greek default.
Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system.
Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become increasingly worried about the finances of other European banks.
Barclays has also cut its exposure in recent months as senior managers have become increasingly concerned about developments among banks with large exposures to the troubled European countries Greece, Ireland, Spain, Italy and Portugal.
Et l'EONIA (le taux auquel les banques se prêtent d'un jour sur l'autre), après avoir été longtemps au ras des paquerettes, bien en dessous du taux directeur, remonte fortement, et est repassé au dessus du taux directeur... N'a plus liquidités :
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