Several differing comments out yesterday showed time is running out for Greece ahead of the June 30th deadline for repaying the IMF and releasing bailout funds. Germany’s Angela Merkel is demanding an agreement before European markets reopen on Monday with Eurogroup President Dijsselbloem calling for an agreement by Saturday. They are upping the ante as negotiations go down to the wire with Greece refusing to compromise on key issues. In the most egregious tirade to be unleashed against the Greeks, European Council President Donald Tusk purportedly told Tsipras “game over” in relation to the bailout negotiations. Greece is firing back at creditors after calling the plans to gut the economy as extreme measures. No new proposals are expected today as name-calling dominates the newswires and increasingly aggressive demands are made. The Euro is presently trading sideways ahead of the European open as markets await new rumors of a deal.
Greece Given an Ultimatum
Daily Analysis - 26/06/2015