Monday’s emergency eurozone summit could mark a significant, but not the final, attempt to strike a deal to avert a financial crisis in Greece before the deadline at the end of June. The hardening of the government’s and the lenders’ positions is not a good omen but a deal is still possible, as Chancellor Angela Merkel said. The reaction of the markets and especially the actions of the European Central Bank could play an important role in the outcome of the negotiations.
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