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Today morning Greece's local media was reporting a quick deal is possible today as Greek government is likely to consider latest offerings from European Union president Jean Claude Juncker.
- However that rumor is spoiled as one senior Greek official said a U turn over the referendum is unlikely. Greek Prime Minister though debating the merits of latest proposals, probabilities are high that Greece will reject the final offer.
- Rumors are hitting the market that Greek government will come out with a new proposal later today, which will be sent to Euro zone creditors to consider.
Greece will not make the IMF payment of € 1.5 billion due by today, unless a deal gets sealed with the creditors.
Even if a deal is possible, time is running very low.
Euro remains trapped in Greek news hitting the media. Currently trading at 1.1174 against dollar and 136.7 against yen.
