ECB's Coeure living in a timewarp
- There's been considerable progress on the ground in Greece
- We stand ready on technical support on debt measures
- Shares Dijsselbloem's cautious optimism
- We see a case for contingency measures
If there's one word to describe the Greek saga, "timely" ain't it.
EFSF's Klaus Regling now sticking his oar in;
- Greek liquidity situation is becoming tight
- We're looking at maturity extensions
And now madame Lagarde herself chimes in;
- Contingency measures have to be credible
- Please to say there's broad support for contingency measures
- Measures have to be legislated in advance
- Has asked IMF team to be available to return to Athens
Still not giving an inch then.
The long and short of the whole thing is that there's no deal coming today.
