A Greek deal might be approaching

While negotiation plays on and rhetoric commentaries continue, talks might be underway to secure a deal for Greece.

Current condition suggests that Greece will not be able to honor its entire payment to IMF due this month. A total € 1.9 billion is due to IMF in June, with first installment of € 300 million is due on June 5. Greece is likely to do the first payment without assistance from Euro zone creditors.

Policymakers' moves suggest that a deal could be imminent.

• German chancellor Angela Merkel on Monday night hosted an emergency summit in Berlin over the Greek crisis to thrash out differences between lenders, bailout monitors and Greek government.

• Christine Lagarde, the managing director of the International Monetary Fund, and Mario Draghi, head of the European Central Bank, France's President François Hollande and European Commission president Jean-Claude Juncker met in private with German Chancellor Angela Merkel in Berlin.

A sense of secrecy maintain in the meeting, arrivals and departures suggest something could be underway.

• On the other side, Greek Prime Minister Mr. Alexis Tsipras said that he stands ready for some compromise like continuing with privatization which is against his political agenda but maintained hardline over further pension cuts. Greece stands ready to accept 70-80% of the bailout conditions.

European Commissioner Mr. Juncker is voting for a compromised solution as he would like to keep Euro zone intact.

ECB president Mario Draghi is also voting for integrated Euro zone, but not in support for heavy compromise.

Chancellor Merkel maintains similar hardline that of finance minister Schäuble that Greece needs to honor its commitments.

IMF, wants a deal that is likely to provide longer term solution, no stop gap measure.

Euro which is performing strongly in anticipation of a deal, would move higher if a resolution comes. Euro is currently trading at 1.097 against dollar.