Lawmakers in Athens and Berlin pushing back

Five members of Tsipras' party have pledge to fight the Greek proposal., saying they prefer the drachma to austerity.

Meanwhile, senior German conservative lawmaker Hans-Peter Friedrich told Reuters there is no basis for further negotiations in the latest Greek proposal. He said Greece needs a new start with its own currency.

Look for similar headlines to continue but I suspect it's only fearmongering. Syriza has the votes to pass the bailout with help from the opposition and Merkel will get a deal if she wants one. At the moment, it's clear that markets are now pricing in a high probability of a deal.

The big question is: Will the optimism last?

Hans-Peter Friedrich wants Greece out of the eurozone