Greece Is Preparing For A Default On Next Week's IMF Loan.

According to media reports, the maturity and repayment period of Greek bonds that were collected last month showed that in addition to paying about IMF 3 billion euro special drawing rights (SDR), there will be a total of 10 billion 400 million euro short government bonds to be renewed in the second quarter of this year, and 7-8 euros in the 6 billion 700 million euros of Greek bonds held by the European Central Bank will also expire.

　　 Greece In drafting some radical plans, if other euro zone countries can not resolve the Greek crisis and solve the financing needs of Greece, they will introduce nationalization of their banking system and launch the della Mark currency for payment.

Sources close to the Greek leftist coalition Syriza say that the Greek government has decided to maintain public services and pay public sector pensions, so it may be forced to take unprecedented measures to repay the IMF due next week. loan 。 A senior Greek official said:

"We are left-wing governments, if we must be right. IMF There is no need to consider the choice between default and default on our people. " We may have to default on the IMF. This will cause market turmoil.

On the 9 Thursday of next month, Greece has a 458 million euro IMF loan due. Five days later, on the 14 th of this month, the Greek government would have to pay public sector salaries and social security payments. Unless other euro zone countries reach an agreement to send aid to Greece on time, Greece will not be able to afford the two instalments on 9 and 14 days.

Reported that the Greek government does not want to become a formal IMF loan default, but has been increasingly defaulting before the debt as a necessary upgrade means, in the European Commission and the European central bank lending parties showdown will use these means.

The repayment situation in Greece is very grim now. Even if Greece raised its capital repayment on schedule this month, there will be two IMF loans on the 1 and 12 th of next month due to expire 200 million euros and 763 million euros respectively. This week's German magazine Spiegel reported that a Greek official said to the officials of other euro zone countries at the conference call that the Greek government had exhausted its funds. "After April 9th, we have no way to go." Greece is preparing for a IMF loan default next week and is drafting a plan to restart the former currency, Mark, before joining the eurozone.

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Economists surveyed by Bloomberg News predict that the US will add 245 thousand of the non farm workers in March, down from 295 thousand in February. However, the number of new jobs in the United States has remained above 200 thousand for 12 consecutive months, the most prosperous period in 1995.

However, considering that the US ADP employment data released this week reached a low of nearly 14 months, in addition, the US ISM manufacturing index in March also hit a new low in May 2013, which led many organizations to start to look at the non-agricultural performance, and before the data were released, they first pushed the US dollar long positions, so we also saw a decline in the US dollar in the past two days.

Vassili, Serebriakov strategist at Bank of Paris, said on Thursday that "the dollar in the US is still weakening under good US data. This is only a position adjustment before the release of employment data, and the market is worried that the employment data may not be as expected."

Afshin Nabavi, head of the MKS SA transaction division, said on the same day. "There are plenty of flat positions before Easter long weekend. This afternoon there was a significant decrease in liquidity and uncertainty about tomorrow's non farm employment data. Investors have ended the US dollar. "

As a result, whether the employment figures will fall below 200 thousand people in March will become the focus of the market.

Chris Rupkey, chief financial economist of Bank of Tokyo-Mitsubishi UFJ, Tokyo, believes that the possibility of falling below 200 thousand is lower than that of MITSUBISHI.

"Let's wait for the big show to be staged. This is the figures released by the Bureau of Labor Statistics on Friday," Rupkey estimates that the non-agricultural employment will increase by 230 thousand.

Millan Mulraine, deputy chief analyst of Dow Ming securities, also said, "the risk of data weakness is slightly higher. However, we believe that the risk of employment growth falls below the 200 thousand mark is low."