EU's Dombrovskis taking a hard line
- Greece did not give credible counter measures
- Government must now seriously engage in talks
- Debt decisions are linked with program conclusion
- Greece is too focused on red lines and not solutions
- Cannot conclude review or disperse funds by end of June
- There will be no debt write off for Greece
These comments echo Dijsselbloem's sentiment yesterday but it also puts some doubt on June 30 deadline for the IMF payment. It could be posturing as we had headlines yesterday that the EU & ECB could extend funds under the bank recap fund
