IMF frustrated with Greece, says no deal close
From BBG: "The IMF said that its team negotiating with Greece has left Brussels after failing to make progress on a debt deal that would help the country to avoid default."
A spokesman for the IMF said there are major differences in most key areas and no progress in narrowing the differences.
This is a big red flag for negotiations and a good reason to sell the euro.
More:
The IMF says the main obstacles with Greece are around pensions, taxes and financing.
Bund yields are at the lows of the day as a flight to safety begins.
The German DAX immediately fell 1% on the headlines.
Here are the tweets from the IMF spokesman.