Comments from a Greek official after Draghi-Tsipras meeting:

  • ECB to aid Greek banks as long as bailout ongoing
  • Draghi pushes for aid deal between Greece and creditors

The FT reported earlier that some Eurozone finance ministers are concerned about the ballooning ELA and want capital conrols. Veroufakis said Cyprus-style controls would be tough to enforce.

The rumors on the deal include no reductions to pensions, which was the chief 'red line' for Tsipras. To compromise he offered new taxes on businesses, the wealthy and selected VAT increases. The BBC reports that an informal agreement has been reached.

Finally, reports say the Greek govt proposal envisions the ESM buying ECB bonds.

Overall, it sounds like a win for Greece, at least on the surface.