FT's Peter Spiegel with his finger on the pulse as usual

It seems that some of the new proposals on prior actions went against previous commitments given by the Greek's and this is what has tipped the applecart once again

Peter Spiegel at the FT has had word of this and there's a great rundown on the current situation from him here (may be gated)

He's also just re-tweeted Tsipras saying that the proposals may not yet be rejected

Round and round we go

Bloomberg are now reporting that creditors have handed Greece revised proposals