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Tuesday, September 20, 2011

Report on Greece: European Commission said “good progress” was made

by Calculated Risk on 9/20/2011 08:16:00 PM

From the Financial Times: Troika makes ‘good progress’ on Greek deal

The European Commission said “good progress” was made in a teleconference between Athens and negotiators ... The full mission is expected to come back to Athens early next week to resume the review ...
excerpt with permission
There will be more details tomorrow, but it sounds like the next installment will happen in early October. This probably means a large number of public sector layoffs will be announced very soon.

Housing Starts decline in August
Philly Fed State Coincident Indexes Decline in August
Multi-family Starts and Completions, Starts and the Unemployment Rate