Refuses to discuss details of negotiations so far

Greek officials now hitting the wires saying that the proposals being discussed to cover Greece's funding needs will not work if part of the policies feed recession

Junker up now

  • Says he spent 15 hours negotiating with Greece Tuesday and Wednesday
  • Progress has been made and there is a real possibility of concluding and agreement if all parties agree
  • This is not a take it or leave it situation
  • The decision making machine is the eurogroup and tomorrow is a crucial day
  • Says he's optimistic but not overly optimistic that a deal will be done

EURUSD has hit the same level around 1.1155 it did yesterday and has bounced to 1.1170

On Tsipras's comments on blackmail and ultimatums Junker says that there was no ultimatum and Tusk says that time creates pressure on Greek talks, not the Eurozone

Tusk adds we have three days left for a deal with Greece and we are very close to the day when the game is over

And the presser is over