The IMF bigwig on the radio

  • Significant extension of Greek debt maturities and reimbursement deadlines can be enough
  • Greece plan is categorically not viable
  • Can't give an amount of debt cut needed by Greece
  • Closing Greek banks was absolutely necessary
  • Confidence in Greek banks is beginning to return
  • Probable that Greek banks will open on Monday
  • Understands Tsipras position

Obviously she hasn't heard the latest comments from Nowotny on whether Greek banks will open next week. The Greeks have extended the bank holiday until the 19th