The most crucial phase of the negotiations began on Saturday evening, since Minister Nikos Pappas is meeting with EC officials. This meeting is preparatory, according to the Maximos Mansion. According to preliminary information, Yannis Dragasakis and Eucleid Tsakalotos, accompanied by Yorgos Houliarakis, will be meeting with ECB and ESM officials, while the following two days hold meetings with the IMF’s representatives, the latter having already arrived in the Belgian capital.

Meanwhile, Germany’s highest officials, including the vice-chancellor are partaking in the rumor mill swirling around the dangers of a potential Grexit. The vice-chancellor has officially stated that he is against such an event.

The message of Chancellor Merkel “where there’s a will, there’s a way” has been repeated by several of her government’s cabinet.