Neil

@hugodixon the referendum has forced other parties to agree yesterday's X-party statement: they share blame for a compromise - - or Grexit.

@johnodonnell21 @yanisvaroufakis But EFSF hasnt acclerated on EFSF, and private debt not in default. ECB can justify not increasing haircuts

A tablet-friendly roundup of the week's best @Breakingviews, plus some great @reuters pieces and photos: flip.it/8GSEI

A June 27 prediction: 'Germany on course to dash Brazil’s World Cup dream', @robertspcole @peter_tl @Breakingviews: breakingviews.com/21153056.artic…?

reut.rs/1kCT7wk: Investors will be doing the samba at Brazil's crushing soccer defeat. Breakingviews' editor @rob1cox explains why:

Carney liquidity insurance speech follows Benoit Coeure on Oct.3, but Coeure seems more alert to moral hazard.#BVdebatesCarney

Deutsche Bank's credit guru Jim Reid rates "Spooks" above "The Wire", and leaves "Tinker Tailor" and "Brideshead" off his top 10 TV series

SG's Debt Stress Indicator for advanced economies has the UK fourth most likely to experience a crisis, after Ireland, Portugal and Spain

Italian/Spanish short-dated yields screaming in--market doing Draghi's work for him.

Italian 10 yr yields down >10bp on the day. Markets strangely unfussed by the prospect of Silvio Berlusconi returing to frontline politics

EFSF funds five years at 1.625%, Italy five year yield=5.532%. Small wonder Monti angling for a bailout

Ireland the real winner from European summit. Irish 10yr bonds trade briefly inside Spain.

A tale of two countries: Spanish/Irish 10-year spreads now 124bp, the same as before the Irish crisis kicked off in 2010

Fitch upgrades Greece to "B-" from "restricted default". How long will it stay there?

A continent in distress: Europe has as many bonds yielding over 10% as the US and emerging markets combined, according to Morgan Stanley.

Intesa raising five-year senior unsecured bonds-- ie funding beyond the term of the LTRO. Italy takes one more step closer to normality.

Euro zone crisis acronym courtesy of Deutsche Bank: E-Z economies in structural surplus = Finland, Austria, Netherlands, Germany -- or FANGs

Zambia planning a bond, acc. to Reuters. IFR says funding cost expected to be 5-6% -- same as Italy.

Sub-prime in Ireland: Lansdowne RMBS 1 has loans 180 days or more in arrears of 51.2%, according to Moody's

CMBS dire data point du jour: S&P says 51 European CMBS loans scheduled to mature in January, only four repaid on time, 19 defaulted.