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Wednesday, July 1, 2015

Eurogroup's Dijsselbloem Says "No Grounds For Further Talks", Will "Wait For Outcome Of Referendum"

Eurogroup's Dijsselbloem Says "No Grounds For Further Talks", Will "Wait For Outcome Of Referendum"

Tyler Durden's picture

 
Update: Here is the statement:
And the highlights from Bloomberg:
  • DIJSSELBLOEM SAYS GREEK POLITICAL GROUNDS HASN'T CHANGED
  • DIJSSELBLOEM SAYS GREEK GOVT AMENDED PROPOSALS FROM CREDITORS
  • DIJSSELBLOEM SAYS EUROGROUP TOOK NOTE OF GREEK PROPOSALS
  • DIJSSELBLOEM SAYS SEES NO GROUNDS FOR FURTHER GREECE TALKS
  • DIJSSELBLOEM SAYS WILL BE NO TALKS IN COMING DAYS
  • DIJSSELBLOEM SAYS WILL WAIT FOR OUTCOME OF GREEK REFERENDUM
  • DIJSSELBLOEM SAYS WILL TAKE INTO ACCOUNT OUTCOME OF SUNDAY VOTE
  • DIJSSELBLOEM SAYS HE IS VERY SORRY ABOUT GREECE SITUATION
The first of today's two key catalysts following Tsipras' defiant speech has concluded: the Eurogroup teleconference chaired by Jeroen Dijsselbloem. And, as he tweeted moments ago, he will post his remarks momentarily.

conference call on just ended; video with my remarks will be online shortly on
What will he announce? Probably not much, if the FT's Peter Spiegel is right:

I'm told will put conclusions in a letter to : No further action until after the referendum

As much was confirmed by others:
  • KAZIMIR SAYS NO GREECE TALKS UNTIL AFTER REFERENDUM
Watch the Eurogroup's summary remarks at the following site, assuming it can be un "503"-ed.
And now everyone focuses on the ECB's much more important decisions: will Mario haircut (or even pull) the ELA or not.
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