It’s just over a week until Greece hits the hard deadline of fact: it cannot pay the €300m it owes the IMF on 5 June, and must do a deal before then, or signal a default that would immediately draw down the wrath of the ECB onto its stricken banks. I understand negotiators in Brussels are working to three subheadings: things the Greeks are prepared to give to the lenders, things they’re not, and things they want the lenders to concede to them. Foremost among what the Greek side wants is a single set of conditions applying to the long-delayed interim agreement, which releases 7.2bn euros of money from the old bailout ... (full story)