“The program has been extended by the end of June, and will subsequently run out if there is no deal. There is a lot of work to be done on technical issues. But the deadline is the end of June”. These are Wolfgang Schaeuble’s statements during the G7 Summit press conference, when asked on how long is left for Greece to strike a deal. Mr. Schaeuble reiterated that “the positive comments from Athens do not agree with what we hear from the Institutions”.