Greece is resisting its creditors’ demands for even more austerity measures and reforms in Brussels tonight, as bailout talks go to the wire Latest: Greece seeking four changesSummary: Tsipras under huge pressure tonightTsipras gets ‘mental waterboarding’ to accept dealDraft agreement: Greece could be offered time-outSyriza in shock as reshuffle loomsEconomist: Germany wants Greece outLeaders demanding dramatic reforms, by Wednesday(!) 6.09am BST “Market reaction in the euro is surprisingly muted,” Steven Englander, global head of Group-of-10 currency strategy at Citigroup has told AFP.“The absence of agreement and toughness of terms are eye-catching, but investors are waiting for the outcome more than trying to anticipate it.”Asian markets rose Monday while the euro was marginally lower, AFP reports.In Japanese trade the euro dipped but managed to stave off heavy losses as the talks continued in Brussels. 5.17am BST For those just waking up, welcome. Yes it is a new day, but the talks are still going. Everyone in Brussels is envious of your rest.The summit has just in the last half hour taken another intermission, this time for “final consultations” after an earlier sidelines discussion between Tsipras, Merkel, Hollande and Tusk emerged after four hours with a proposed compromise.So Greece is against the involvement of the only institution that recognizes the country needs debt relief? The ways of the world. Continue reading...
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