Livesquawk with the headline from the IMF head

The comment comes from an interview with FAZ news

More as and when we get it

Reuters with a bit more now. Lagarde says that while it's a possibility it's probably not the end of the euro

The headlines look to have caught the market napping as EURUSD had a quick drop to 1.0883 from 1.0915. We're back to 1.0903 as I type

Adds;

  • After positive signals from Athens 10 days ago, we've been sobered in the last week
  • There is still a lot to do

Just in case you weren't aware, the negotiations have become a battle between Greece and the IMF and if that gets resolved then we get an announcement