After flat rejecting the list of Greek proposals delivered yesterday in advance of the Institutions’ draft of the compromise, creditors today are set to release their own proposal. It is widely viewed as the final ultimatum for the country and threatens to add to existing political discord, possibly bringing the ruling coalition to the brink. Much of the proposed solutions which include labor reforms and further privatizations of state assets are unlikely to gain traction back in Greece, making a potential risk-reversal in the Euro completely possible after yesterday’s spectacular rally. Meanwhile, Greece continues to pivot eastward after the invitation to join the BRIC bank. The Greek’s just signed a memorandum of understanding with Russia to build a gas pipeline across the nation to connect Turkey with the rest of Europe. The Euro is retreating slightly from yesterday’s exuberance, ticking lower against the Pound ahead of today’s announcement.