by Bill McBride on 7/09/2015 05:52:00 PM
Thursday, July 09, 2015
Headlines on Greece - and a voice of reason:
Headline only from the WSJ: New Greek economic-reform proposals appear to be closer to creditor demands
From the Financial Times: Tsipras submits new plan to bailout monitors
From the WSJ: Greece Submits Reform Proposals as Pressure Mounts to Reach Rescue Deal
“The realistic proposal from Greece will have to be matched by an equally realistic proposal on debt sustainability from the creditors,” [said Donald Tusk, the European Council president]No word from Wolfgang Schäuble yet, but I expect "Nein, nein, nein".
• At 12:30 PM ET, Speech by Fed Chair Janet Yellen, U.S. Economic Outlook, at The City Club of Cleveland's Sally Gries Forum Honoring Women of Achievement, Cleveland, Ohio