Greek PM Alexis Tsipras on Bloomberg

  • Greece has submitted concrete proposals to creditors
  • Greece keeps servicing debt despite asphyxiation
  • Greek government is willing to accept compromises
  • Solution should involve debt restructuring
  • Liquidity squeeze is creditors using a negotiating tactic

The finishing line to these negotiations has been like trying to get to the end of a rainbow

Further comments from Reuters

  • Greece deal with lenders concerns the whole of the eurozone
  • Deal must address Greece's long-term funding issue
  • Deal must not impose further pension cuts

The fact that we've had talk of compromise from both sides today should be a positive vibe but we've been here more times than I've had hot dinners, so the market will certainly not get excited. Should the unimaginable happen and we do get a deal soon, the euro could see some decent upside once again