Negotiations between Greece and its creditors are continuing, ahead of another crunch eurogroup meeting and then the EU leaders summitTsipras returns to the frayIntroduction: Crucial meetings todayGreece: We’re being blackmailed with annihilating measures 8.33am BST Europe’s stock markets have fallen a little in early trading, extending yesterday’s losses.The markets are slightly more tentative this morning as another Greece dominant day looms...An unhappy IMF on one side, which wants stronger pension reforms instead of a reliance on raised taxes, and an angry Greek government on the other means Tsipras, and Greece is general, is caught between the proverbial rock and a hard place as judgement day (i.e. a whopping €1.6bn payment to the Washington-based institution) grows ever closer. 8.27am BST Greece and its creditors now have less than four hours to reach some agreement, before Eurozone finance ministers resume their own meeting (which ended so early yesterday) 8.21am BST Over in Brussels, MNI reporter Simon Marks has spotted Alexis Tsipras arriving back at the European Commission for more talks with the IMF, ECB and EC:And the main man-@tsipras_eu has entered the ring. pic.twitter.com/v8LwofhiKx 8.14am BST Analysts at Royal Bank of Scotland reckon a deal probably won’t be reached today:EU sources have been reported as saying that logistically Sat is deadline for negotiations if #IMF payment on Jun30th is to be made on time.RBS on #Greece negotiations: Our baseline (50%) continues to be that there will be an agreement before Tuesday but not likely today.RBS: We certainly cannot rule out that a Greek deal only follows after missed IMF payment, change in Greek govt composition or cap controls. 8.06am BST A senior official of Greece’s ruling Syriza party has claimed that creditors are trying to “blackmail” the country.“The lenders’ demand to bring annihilating measures back to the table shows that the blackmail against Greece is reaching a climax.”“There cannot be a deal without a substantial reference and specific steps on the issue of debt.” 7.58am BST Europe’s indefatigably optimistic commissioner, Pierre Moscovoci, has tweeted that “Where there is a will, there is a way”.Là où il y a une volonté, il y a un chemin 7.51am BST Good morning.Juncker has left the building. He waved at @traynorbrussels. Really. He did pic.twitter.com/URGMlyK4Fk Related: Alexis Tsipras's homework has been thrown back in his face Greek talks to resume today at 0800BST in order to construct new proposals, which can be presented at the Eurogroup summit 1200BSTMorning from Brussels where multiple crises collide: med migrant crisis, Grexit & Brexit. #EUco Summit in 1 building. next door Greek talks Continue reading...
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