The Finanancial Times published the following story at 11:26 PM Sunday. It’s well worth a read!
For me there were a number of points that jumped out:
- The urgency
- Crisis and deadlock
- Different language coming from both sides
- Bond holders appealing to Merkozy
- The German Foreign Minister taking a late Sunday flight to Athens
- Unless talks resume and a deal is reached, it looks much more likely that Greece will default triggering financial contagion across Europe
- This will be a story to watch carefully this week