Speculation is rife as the Eurogroup announces a much earlier than expected press conference. The exuberant expectations "priced in" to markets are fading fast as traders fear the short nature of the meeting combined with dysphoria from Schaeuble suggest no deal is close and new Greek proposals remain far from adequate for its European "partners." Local reports suggest this brings into doubt whether this evening's EU leaders' meeting will go ahead.
Alexander Stubb @alexstubb (Finland FinMin)
#Eurogroup ends. Work continues. Institutions assess proposals.
Eleni Varvitsiotis @Elbarbie
Eu source;"No conclusion on basis of current info. Greek proposals welcomed. A "possible" step in right direction." #Eurogroup
Exuberance is fading...
Live Feed (conference due to start at 1430CET)...delayed to 1440CET now...
Not a good day for Belgian caterers if summit is about to be canceled.— zerohedge (@zerohedge) June 22, 2015