Varias ideas…

- FT: Letter reveals fragility of Greece

- Mr. Stathakis argued that “the negotiation process has gone well recently and an agreement can be reached in the next two-to-three weeks”

- Greek Finance Minister Yanis Varoufakis told a conference in Athens on Thursday that "over July-August the finance ministry will have to borrow €6.7bn from our partners in one way or the other to repay bonds from the SMP programme". He added that “about €27bn of those bonds are still left, which should be repaid in the next months or years. These bonds should be pushed back to the distant future. This is clear".

- On the subject of ELA for the Greek banks, Mr. Weidmann argued that "given the ban on monetary financing of states, I do not think it is ok that banks which do not have access to the markets are being granted loans which then finance the bonds of their government, which does not 

– IMF spokesman Gerry Rice told reporters on Thursday that "we are flexible. We are open to look at all options. But we must insist on reaching the objectives of the program", adding that he hoped international creditors who are “working intensely” can reach a deal with Athens soon

La realidad es que el Gobierno griego ha utilizado (y lo hace aún) todas los instrumentos de presión posibles para alcanzar un acuerdo con los acreedores, comenzando claramente a valorar que los futuros acreedores no tienen por qué coincidir con los actuales. Y me refiero al FMI. Por otro lado, más allá del acuerdo o no a corto plazo que les de acceso a los 7.2 bn. del Segundo programa de asistencia queda por resolverse el contencioso con el ESM/ECB. Y esto no será fácil, especialmente si no hay un nuevo Programa de asistencia. En definitiva, todo apunta a que tendremos aún muchas semanas de valoración del difícil escenario griego. Pero, en principio, el paso del tiempo aquí tiene un enorme coste en términos de liquidez interna.