by Calculated Risk on 2/09/2015 07:21:00 PM

From the NY Times: Greece to Propose a Debt Compromise Plan to Creditors

Hoping to defuse a standoff that has set Europe and financial markets on edge, Greek officials intend to propose a detailed compromise plan at an emergency meeting with creditors on Wednesday in Brussels, a finance ministry official here said on Monday.
...
Greece still plans to reject some of the harshest austerity conditions attached to Greece’s bailout loans, but will propose retaining about 70 percent of the terms, according to the official.

Athens will propose replacing the remaining 30 percent of the austerity conditions with new reforms that the Greek government will devise together with the Organization for Economic Cooperation and Development.

Tuesday:
• At 7:30 AM ET, NFIB Small Business Optimism Index for January.

• Early: Trulia Price Rent Monitors for January. This is the index from Trulia that uses asking house prices adjusted both for the mix of homes listed for sale and for seasonal factors.

• At 10:00 AM, Job Openings and Labor Turnover Survey for December from the BLS. Jobs openings increased in November to 4.972 million from 4.830 million in October. The number of job openings were up 21% year-over-year compared to November 2013, and Quits were up 7% year-over-year.