But adds that doesn't mean default necessarily

  • situation in Greece very dramatic
  • hopes referendum will lead to a "sensible situation"
  • If Greece votes No then constructive paths very limited

Meanwhile EU commissioner and German Oettinger is back on the wires saying that Greece remaining in the Eurozone is "more than questionable" while Austrian fin min Schelling says "Grexit will be avoided"

As I said earlier, the jury is still out