Remember a couple of hours ago when WSJ reported that, after an emergency meeting between the IMF and EU creditors, the troika decided to help Greek PM Alexis Tsipras out by simply drafting an agreement for him and placing an X next to the line where he needed to sign? Well, it now appears that either those reports were misinformed or Tsipras has come back and politely asked to the troika to read the alternative proposal he sent over on Monday evening because Eurogroup President Jeroen Dijsselbloem has just thrown quite a bit of cold water on the idea that a deal will be struck this week.
- DIJSSELBLOEM SAYS CREDITORS STILL FAR FROM A DEAL WITH GREECE
- DIJSSELBLOEM SAYS PROGRESS ON GREECE STILL SLOW, INSUFFICIENT
And in case there was any doubt about our contention that the institutions intend to break Syriza’s campaign mandate once and for all:
- DIJSSELBLOEM SAYS CREDITORS WON'T MEET GREECE HALF WAY
- DIJSSELBLOEM SAYS GREEK GOVERNMENT MUST BE "HONEST WITH VOTERS" ABOUT FINANCES
As for the IMF payment on Friday, that looks like a no:
- DIJSSELBLOEM SAYS: GREECE DEAL NOT THEORETICALLY POSSIBLE THIS WEEK
So: default on the IMF's June 5 payment?
Or perhaps it was all just a scramble to push the EUR lower after one of its sharpest surges in the past decade.
