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Greece, today Eurogroup and European summit but the banks remain closed

Today the Eurogroup and the European summit but in Athens the climate remains emergency and the banks remain closed at least until tomorrow while tourism is losing ground - The ECB does not increase Ela funding and Merkel remains skeptical about the reopening of negotiations - But Tsipras will present today a new plan and Obama presses for a deal.

Greece, today Eurogroup and European summit but the banks remain closed

Diplomacy is starting to move for Greece and Prime Minister Tsipras, after winning the referendum and having replaced the unbearable Finance Minister Varoufakis with the more pragmatic head of the Greek delegation in the negotiations, today returns to Brussels for the summit of heads of state and of the Eurozone government to anticipate the Greek government's new proposals to creditors after the extraordinary meeting of the Eurogroup.

But the markets remain in fibrillation and the Greek situation remains in full emergency: the banks remain closed at least until tomorrow while tourism slows down and foreign bookings fade day after day.

Athens' days are numbered and its coffers empty: by 20 July it must honor its debts with the Monetary Fund (as well as with Europe) or enter into a real default situation.

Yesterday's meeting in Paris between President Hollande and Chancellor Merkel left the doors of dialogue ajar, but Merkel was keen to clarify that for now there are still no conditions to resume negotiations with Greece.

Lagarde, the number one of the Monetary Fund, appears more optimistic, signaling that the Fund is ready to negotiate with Athens if Greece asks for help.

The most decisive in favor of the resumption of negotiations between Greece and its creditors remains the American president Barack Obama who insists that an agreement be found and both Athens' exit from the euro and dangerous geopolitical drifts avoided.

For a definitive solution to the Greek case, Prime Minister Matteo Renzi is also insisting on a European policy centered on growth, but the situation in Athens remains open to all developments and only in the next few days will it be understood whether or not the exit from the tunnel will return to handy.

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