Prime Minister Alexis Tsipras is expected to meet German Chancellor Angela Merkel next Thursday, April 23, on the sidelines of the emergency European Council convened to address the migrant crisis in the Mediterranean.
The one expected in two days would therefore be the third face-to-face between the two since Tsipras took office last January. However, the news does not reassure the markets at all: in fact, pressure on Greece continues, the Athens stock market suffers (-3,21% in mid-afternoon) and Greek bond yields jump.
Both European President Juncker and the ECB throw water on the fire: a possible Greek default does not equate to Greece's exit from the euro. This is what all the markets are hoping for.
