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Greek Deal Could Be Imminent, Or Not

Germany and France are going to agree to disagree on this one.
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Lost in translation.

The French and the Germans are not on message today.

"We are a few days or hours away from a possible deal on Greece," [French President François Hollande] told a conference organised by the OECD think tank in Paris.

German Finance Minister Wolfgang Schaeuble on Wednesday played down any hopes for a quick deal to unlock much-needed cash for Greece, saying a first glance at new reform proposals submitted by Athens indicated little had changed….

"I have no information that anything decisive has changed in terms of substance," Schaeuble, who has repeatedly adopted a tough stance toward Greece, said at an event in Berlin.

Except for, you know, the now-imminent probability of default!

“If there is no prospect of a deal by Friday or Monday, I don’t know by when exactly, we will not pay,” Nikos Filis, the spokesman for Syriza lawmakers, said in an interview on Greek television.

Greece deal could come in hours, days - France’s Hollande [Reuters]
Germany’s Schaeuble dashes hopes for quick Greek deal [Reuters]
Tsipras to Defend Bailout Proposal in Brussels [NYT]


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