The Euro Working Group tells Greece it must conclude a deal by the end of next week as otherwise parliaments have no time to approve disbursements for end of June;

Euro Working Group says only 7 days for a deal

The Euro Working Group tells Greece it must conclude a deal by the end of next week as otherwise parliaments have no time to approve disbursements for end of June; The Greek side hopes to get a deal by Sunday, though Brussels Group still not convinced; Alexis Tsipras talked to Angela Merkel and Francois Hollande in a one-hour teleconference; A new VAT plan proposes three rates, 6-6.5% for medicines, 10-11% for food and electricity and 21-22% for all other goods and services; The new proposal brings in €850m rather than the €1.8bn the Brussels group would like to see; Yanis Varoufakis' comments suggest that the islands' lower VAT rates will change but not before the end of the summer; To Potami and Pasok vow to vote for a deal if there is any; the IMF confirmed that Greece could bundle several payments into one to be paid at the end of June, reminding though that last time this happened was Zambia three decades ago; what Christine Lagarde said in her interview with the FAZ had nothing to do with the paper’s headline ‘Lagarde does not rule out Grexit', which went viral on the net; tax collection in Greece decends into chaos, as online submission system is not up and running yet, and serious breakdowns are to be expected ahead of submission deadline June 30;