UK Telegraph: "Greece's "war cabinet" has resolved to defy the European creditor powers"

Ambrose Evans-Pritchard in the UK Telegraph:

• Greece's "war cabinet" has resolved to defy the European creditor powers after a nine-hour meeting on Sunday
• Premier Alexis Tsipras and the leading figures of his Syriza movement agreed to defend their "red lines" on pensions and collective bargaining and prepare for battle whatever the consequences, deeming the olive-branch policy of recent weeks to have reached a dead end.
• "We have agreed on a tougher strategy to stop making compromises. We were unified and we have a spring our step once again," said one participant.
• Greece's mayors warned over the weekend that they would not release any more funds to the central government. The Greek finance ministry must pay the International Monetary Fund €750m (£544m) on Tuesday, the first of an escalating set of deadlines running into August.
• "We have enough money to pay the IMF this week but not enough to get through to the end of the month. We all know that," said one minister, speaking to The Telegraph immediately after the emotional conclave.

bolding is mine

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