Greece sent the “wrong” letter yesterday? Does that have to be true to get a compromise in the standoff between Greece and Germany? Maybe not. Reuters reporting draft accord

Today German newspaper Bild is reporting that Greek Finance Minister Yanis Varoufakis sent the wrong version of a letter outline Greece’s request for an extension of its bailout. The correct version, Bild is reporting, accepted bailout conditions agreed by the previous Greek government

Greek debt talks collapse after 30 minutes

Talks between Greece and the EuroGroup finance ministers collapsed today. Creditors are demanding that Greece agree to extend its current bailout package with the existing austerity measures intact before they will resume talks with Greece about any new financing. The new Greece government has branded this requirement as “absurd” and “unacceptable” and has refused to use the bailout package and austerity budget cuts negotiated by the last government as a basis for talks.