It would be an arrears he says

This lot can't see the wood from the trees

Lagarde more or less intimated earlier that the Greeks not paying would be default

All the talking heads are popping up on the soap box now

Dijsselbloem says that Greece has not yet fulfilled the conditions for the 2012 debt relief promise to be fulfilled

  • Eurozone has not discussed Greek bailout restructuring proposals as a deal is needed on the existing bailout

Schaeuble says it won't be Germany's fault if there is no deal

  • Time is tight on waiting for Greek proposals
  • Greece must implement what was agreed