Yes ..... another ominous sign indeed.
Barclays state of play sounds on point.... 7/20 is coming ....
Faymann: We can find short-term financing IF conditions for 3rd prog are met. With no prog - there can be no bridge financing. #Greece
Hard to see how Tsipras can do a deal that has been explicitly rejected by 62% of voters a week ago. He can resign. Or prepare for exit
Faymann: If no programme in place by Sunday, EUCO will talk abt place B. The meeting could be called off if reach deal before then. #Greece
Hollande #Greece's only friend. More on our blog earlier: http://openeurope.org.uk/blog/hollande-has-failed-to-paint-a-french-vision-for-the-eurozone/ …
The most important quote of the day. Merkel categorically rules out haircut for #Greece.
#Merkel said ECB is independent - hence no comment, but if liquidity to be cut - 'Sunday is day to make decisions'
* Greek PM tsipras says Greek government submitted proposal, aiming for socially just and economically viable agreement - RTRS
* Eurogroup finance ministers to review Greek loan proposal on Saturday - eu officials - RTRS
Commission president Juncker says Greek debt restructuring not on the table until October
JUNCKER: THIS EVENING WE HAVE NOT FOUND A GREECE AGREEMENT
* Merkel says Greece will need stronger measures to plug financing gap because of economic deterioration - RTRS
* Merkel, asked if grexit possible if Greek proposals inadequate, says Sunday summit will decide whether to open negotiations - RTRS
Merkel just told Greece only offer on the table is harsher than what Referendum said No to
#Germany's Merkel: Greek Proposals Have to Go Beyond What Bailout Institutions Demanded Before Referendum. (DJ)
4:20:16 PM RTRS - RENZI SAYS FINAL MEETING ON GREECE SCHEDULED FOR SUNDAY
Acc to info:Greeks came without proposals.Tomorrow will submit new request and proposals.#Eurogroup
Open Europe retweeted
Latvian Central Bank Governor Rimšēvičs: #Grexit "is the most realistic scenario" adds that he sees "no other solution" via @dpa
*GREECE REQUESTED EU7B WITHIN NEXT 48 HOURS, ANSA SAYS
"We’re not willing to ease Greece’s debt load," says
@alexstubb as he arrives for #eurogroup. "We did that already in 2011 and 2012."
For the operation to be successful, the patient must be certified as dead.
ECB’s Rimsevics: Greece Has Voted Itself Out Of Eurozone With Referendum – Latvian Radio $EURUSD
#Grexit a promise, not a threat, says Maltese FinMin. V hard to discuss Greek debt at a time when there is no trust.
Question of the day: can the Eurozone-18 afford to have no deal with Greece? Something that looks like a deal must come out of negotiations.
Central bank interdependence
Gramegna: We currently have no basis for discussions right now. What will Greece be willing to do if it wants the help of EZ18?
Greece faces last chance to stay in euro as cash runs out [Update] http://dlvr.it/BRmHzl
"We have our own supreme ayatollahs of fiscal correctness now" in EU, writes F.O'Toole in @IrishTimes via @damomac
Oh Pierre Moscovici why oh why: "This eurogroup is not about debt restructuring. This about the way forward...."
"It’s becoming v urgent," says
@jvanovertveldt at #eurogroup. "Greek econ is in free-fall, banking system also more or less in free-fall."
@J_Dijsselbloem: After No vote, we need to hear from Greek govt about how to find a way out. Says will meet Tsakalotos before Eurogroup.
Mario Dijsselbloem. Chirpy sounding
@J_Dijsselbloem says "We are basically prepared to do whatever it takes to keep the eurozone together"
Peter Spiegel retweeted
EU economy commissioner @pierremoscovici asked about debt relief: "The eurogroup meeting is not about that today" #Greece #Eurozone
New Greek finmin Tsakalotos also enters
#Eurogroup without a word.
*DIJSSELBLOEM SAYS WILL DO WHATEVER IT TAKES TO STRENGTHEN EURO
Schulz: Grexit cannot be our aim http://dlvr.it/BRldcF
ICBC: The combination of much calmer markets than feared & ECB's QE program, present unique opportunity for European hard liners for #Grexit
ICBC: Tsipras has no good will left w/ his EZ partners. After 6mths of negotiations, not in good faith, Tsipras not seen as reliable partner
ICBC: Today's Eurogroup meeting & Eurozone summit will seal fate of Greece. If there's no definitive progress, then Grexit almost inevitable
Nick Malkoutzis retweeted
PM #Tsipras will not be able to attend tomorrow's #EP debate on #Greece due to prior arrangements and the ongoing negotiations with partners
New Greek proposal: #Greece wants to keep VAT discounts for islands. Wants to cut defense budget less than requested. http://www.sueddeutsche.de/wirtschaft/griechenland-das-sind-die-neuen-vorschlaege-aus-athen-1.2554715 …
ECB haircut "will add pressure to act quickly, rather than make a material and immediate impact to bank solvency" - Deutsche's Saravelos
Greece & EU to blame for crisis but now EU leaders must 'end threat to eurozone by saving a small, paralyzed country' http://www.nytimes.com/2015/07/07/opinion/for-europes-sake-keep-greece-in-the-eurozone.html …
Barclays helpfully point out Greece faces €4.3bn (not €3.5bn) ECB payment on July 20 - bonds redemption + coupons
#Euro drops below $1.10 on fresh Grexit fears as #Greece's 2y yields jump >52%. /via @Schuldensuehner #GreeceCrisis
Contagion contained as #Portugal Gov Bonds show. Risk premium of 10y yields over Bunds drops a tad after y'days rise.
Bond markets signal that #Greece crisis is quarantined. Peripheral spreads nearly unchg.
Austria FinMin: Haircut on Greek Debt Won't Be Discussed Today.
#ESM Bailout Package Not Possible Within a Couple of Days. (DJ)
Even French People loosing their patience w/
#Greece. Acc to a poll conducted by Parisien, 50% French People want Greece to leave the Euro.
Merkel warns #Greece time Is Running Out to Save Place in #Euro as Greek 2y yields jump >51%. http://bloom.bg/1HIR6xG