STOCK MARKET WATCH -- Monday, 27 July 2015

[Demeter]

15. Greece Negotiations Already Starting to Look Wobbly

http://www.nakedcapitalism.com/2015/07/greece-negotiations-already-starting-to-look-wobbly.html



Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus-quick or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.

I should know better than to let any optimism cloud my view as far as Greece is concerned. And I have to confess it was out of a hope that Greece would not longer be front page news pretty much every day.

We are again in the midst of what Lambert calls an “overly dynamic situation” with respect to the Greek negotiations. And it’s going to be a bit in flux because the parties are again fighting over process, or what is often called “shape of the table”. That’s already a bad sign, since it has the potential to create rancor even before the two sides get to working out substantive issues. And it’s not as if the parties to these talks harbor much in the way of good will toward each other to begin with.

So rather than do anything in depth, let’s just flag some key issues:

AND THERE ARE SEVERAL PAGES OF THEM--SEE LINK