So much for a deal in the next few days
- Greek vat proposal not good enough
- Still no agreement on primary surplus
- EU could accept 1.0-1.5% of GDP Greek primary surplus
- Greek "red lines" too rigid
- No deal expected by Thursday's teleconference with deputy finance ministers
- Greece could avoid having to pay IMF June 5th if it lumps together all June payments and pays at the end of the month (Eamonn tipped the nod on this ruse last night)
Round and round and round we go
Varoufakis is out also saying that they are ruling out a tax on bank deposits but may impose a small levy on bank ATM withdrawals to encourage the use of credit cards
Rules out a "tax", then calls a tax a "levy". Political spinning at its best
The long and short of it is that we're seemingly still no closer to a deal despite the comments from Greece and Europe this morning
