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Tuesday's News Links

[Bloomberg] Greece Says Compromise Not Possible Under Current Conditions

[Bloomberg] Greece Sparks Meltdown in Euro-Area Bonds as Italy, Spain Tumble

[Reuters] U.S. trade deficit largest since 2008 as imports surge

[Bloomberg] China’s Stocks Tumble on Policy Risk After World-Beating Rally

[Reuters] China stocks tumble on tougher margin rules, new wave of IPOs

[Bloomberg] Treasuries Rise With German Peers on Standoff Over Greece Aid

[Bloomberg] German Bonds Advance as Greece Debt Talks Stoke Demand for Haven

[Reuters] Oil near 2015 high above $66 after Libya port shuts

[Bloomberg] EU Demands Concessions as Greece Hurtles Toward Deadlines

[Reuters] Greek debt talks progress, no breakthrough yet: Austria

[Bloomberg] EU Raises Growth Outlook as ECB Counters Greek Threat

[Bloomberg] Central Bankers Reconsider Inflation Targets They Can’t Hit

[Bloomberg] Junk Bonds Are The New Haven Assets

[NYT] For Top 25 Hedge Fund Managers, a Difficult 2014 Still Paid Well

[WSJ] Latest Victim of California’s Drought: Water Bonds

[Bloomberg] NYC’s Biggest Housing Boom Is Far From Manhattan’s Condos

[WSJ] Nonbank Lending’s Shadow Grows in Asia

[Reuters] China's exports face growing pressure - trade ministry

[Bloomberg] China's Crazy Stock Market, Charted

[Reuters] France, Saudi seeking to seal billions of euros in deals 'quickly': Fabius

[Dow Jones] Bank of France Noyer: Threat of UK Exit From EU Sows Uncertainty

[Der Spiegel] America's Willing Helper: Intelligence Scandal Puts Merkel in Tight Place

[National Interest] Europe's Next Ukraine Nightmare: A Massive Financial Default

[UK Guardian] Gulf-trained fighters arrive in Yemen to join fight against Houthi rebels