MNI reporting sources saying that a plan is being readied for Greece

  • Will propose a 6 month extension and reorganising of Troika
  • ECB will accept Greek bonds as collateral if deal is reached
  • Plan to be a platform for discussion at next Eurogroup meeting

That's the Euro pop we've seen to 1.1328

Reading it in detail this is just a potential leak of a plan to look at a plan, which puts it's further away from a definite solution. Still, there looks to be some compromise and as the EU and ECB are part of the Troika there's no getting around not dealing with them in one way, shape or form. We'll probably see some sort of watered down Troika rules that appease both sides in the end