While we wait for Europe and UK markets to open and all the Greek headlines to recommence, a good summary piece from Reuters:
- German Chancellor Angela Merkel and French President Francois Hollande said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency
- Euro zone summit on Tuesday
- The European Central Bank (ECB) raised the amount of collateral banks must post for any loans
- In a sign that Athens is keen to seek a new deal, Greece's combative finance minister, Yanis Varoufakis, resigned, apparently under pressure from other euro zone finance ministers who did not want him as a negotiating partner
Spewin' that Varoufakis got the boot, I'd just started to spell his name with ease