FT and social media reporting that Tsipras will accept proposals that were tabled over the weekend
The FT's Peter Spiegel has just put out an article claiming that a letter from Tsipras shows that he is willing to accept the Troika terms that were put forward over the weekend and that there are only a few minor changes he wants
You can read the article from him here (may be gated)
The Eurogroup will discuss the details of the latest proposal at the finance ministers conf call tonight
EURUSD has run 50 pips higher to 1.1152
It could well be that Tsipras is finally folding, and possibly due to pressure from his party and parliament. It also leaves him in a sticky spot over the referendum as he's already asked the people to vote no to a deal he's now possibly accepting. Unless he back tracks on that the market is still going to take the cautious approach and we'll still need confirmation on the story, and then the Troika accepting the terms
As we noted yesterday, it looks like something might be coming together but we're a way yet from it all being wrapped up
