Marshall Gittler reports that the Greek talks have yet again broke up with no resolution and this leads to a crunch meeting on Saturday where both parties have to come to some kind of agreement before markets open on Monday. If they don’t then the 1.5 billion euros that Greece owes the IMF by Tuesday may be unpaid.

Greece has until July 20 when a further 3.5 billion euros is due to the ECB, but they may decide to pull the Emergency Liquidity Agreement (ELA) before then which would spell disaster for the currency markets.

http://www.youtube.com/watch?v=4TRg3vo_kYo

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