Both sides are entrenched, three days before Greeks head to the polls 9.09am BST Christine Lagarde has punctured hopes of early debt relief for Greece. Related: IMF tells Greece: no debt relief before reforms IMF own analysis shows #Greece debt still unsustainable in 2030-even with austerity + III bailout-w/out restructuring http://t.co/1tZc46DC46 8.55am BST The Greek limbo extends to the financial markets, where the main indices are broadly flat in early trading.The political grandstanding continues over the Greek debt talks and although the next key indicator here is likely to be the result of Sunday’s referendum, there’s still the prospect of either side throwing in a firework. 8.47am BST Over in the FT’s letters section, one young Greek citizen has written about her fears for the future:A young Greek, 21, writes from the heart about her country's fate pic.twitter.com/9aNpgK22Oj 8.38am BST Having made optimistic noises in recent weeks, France’s finance minister sounds increasingly like a glass-half-empty man.Speaking on iTELE, Michel Sapin warned that a No vote could lead to Grexit, as:“You cannot reach a deal with someone who tells you ‘No’.”*EUROGROUP UNITED IN SAYING ACCORD IMPOSSIBLE BEFORE VOTE: SAPIN 8.23am BST Good morning, and welcome to our rolling of the Greek debt crisis.The trenchant criticism of Tsipras from Berlin reinforced the view that the German government might refuse to negotiate with the leftwing Syriza administration on any new rescue package after Sunday’s referendum in Greece – which Berlin insists is a vote on whether to stay in the euro. Related: Greece crisis: Berlin accuses Tsipras of seeking scapegoats outside own ranks Eurozone leaders have ruled out more talks with Greece until after the latter’s Sunday referendum. Effectively going over Syriza’s headThere’s no suggestion of genuine compromise. The aim is apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration.We know from the IMF documents prepared for last week’s “final proposals” and reported in the Guardian that the creditors were fully aware they meant unsustainable levels of debt and self-defeating austerity for Greece until at least 2030, even on the most fancifully optimistic scenario.... Related: Syriza can’t just cave in. Europe’s elites want regime change in Greece | Seumas Milne Just as the mood in Greece is shifting towards a Yes, the mood in Germany is shifting towards a No. A fine mess. http://t.co/5k79LAUuoq Continue reading...
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