Greece would need to legislate proposals quickly
I would say it's once bitten twice shy for the EU but it's probably 20th time bitten, not much left
He says that he sees the likely need of an extension of the Greek program and that the proposals are broadly in line with what the institutions want, yet the EU believes that there are some better solutions
It's another positive message from the EU side and the Euro and stocks are liking it. All we need is that icing on the cake from the IMF