Negotiations are at full steam and as usual a lot of contradicting news.
The main certainties is that Greece has to submit a plan by Thursday night and the Eurocreditors will meet on Sunday.
So Monday will be the day where the game ends. And anyway the 20 July there is another over a billion Euro payment.
July 2015 could well be the start of the process of disintegration of the European dream (not in an immediate economical mega crash, but as a slow death of a political dream) and the start of the end of Germany dominance.
Negatives:
– Greece latest opening include a request of 30% haircut on debt, which will be hard for the Germans to accept as this could open a Pandora Box with the debt of other nations
-There is a very definite split between France (and Southern Europe) and Germany (and Northern Europe)
Positive
– The US directly (via Obama) and indirectly (via the IMF, which opportunistically released a study that shows how just austerity and debt could not work) is putting a lot of pressure on Germany, France and Greece to come to some sort of agreement.
investorpolitico 