Muss Hellas zum Frisör? - die Gerüchteküche brodelt

Aus dem Eurointelligence Daily Briefing, 21.4.

Rumours on Greek restructuring are spooking the markets

• Greek bank stocks fell 4.6%, and CDS reach new record on rumours of a forced haircut to be imposed this weekend;
• Greek finance ministry requested a prosecutor to investigate possible criminal conduct, as traders sent an email containing the rumours of an early restructuring;
• a member of Merkel’s council of economic advisers said Greek debt needs to be restructured;
• a majority of economists polled by Reuters agree
• in Germany, parliamentary opposition to the ratification of the ESM is widening;
• Merkel is coming under pressure to give the Bundestag full co-decision rights;
• vote on EFSF and ESM has been postponed until the autumn;
• True Finns leader Timo Soini insists that Spanish banks should participate in a Portuguese bail-out, as a precondition for his acceptance of an EFSF package;
• two Germany federal states, meanwhile, have agreed to recapitalise the Helaba Landesbank, which would otherwise have failed the stress test.