Inside sources just now: Syrzia have signed off on the proposal to be tabled by Tsipras later today . It is said to contain 13B in new austerity. It is to be a short term deal.
So, here we go, the happy happy joy joy day for tomorrow, but they forgot one lil detail, Merkel is not going to afford a classic hair cut on Greek debt, and I can assure folks that Tsipras has that in the proposal.
The problem for me is the set up is so classically a "buy call " moment with even three year oscillators on FS touching oversold, that it warrants pause on my plan, or at least added risk reduction measures, such as a lower put : call ratio, thus increasing my cost basis.
But, these players are so predictable, and one other thing Tsipras is looking past irrationally, is the debt sustainability assessment . If the powers that be see there is no way fri GREECE to repay the money currently owed, they may simply opt for a Greeexit, and take the temporary market pain, I order to not have to come back three myths later and face more issues over a debtor state. Just cut the cord could start to be the narrative in the German Legislature.
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