Media coverage of the negotiations between the European Union Ministers and the Greek Prime Minister suggests that a deal may be reached. There are signs of a vigorous optimism from Greece, that the offer of 38.5 billion Euros for growth - being referred to as the Juncker Plan - would be welcome and hopefully even acceptable. The rescheduling of the debt from a 16-year period to a new one of 40-years to make repayments more manageable is also a fresh part of the deal. Provided the interest rate is kind, it may be acceptable.
The yields on the Greek bonds today are falling, showing a willingness on the part of investors to take them up.
It has been suggested in the past that if the Greek Orthodox Church were to offer their properties as collateral, the interest rate would be even lower, and would certainly be to their benefit.
It is cheering news to hear Mr Tsipras has handed Mr Dijsellbloem a plan to consider, indicating a plan to increase some taxes, discourage people from retiring too early, and cracking down on tax evasiors.
Hopefully this will prove acceptable to the European Union, so they can then offer Greece a new bailout plan. And a deal can thereafter be reached, after due consideration.
People must be lit up with enthusiasm about the 38.5 billion Euro Juncker Plan. It promises to fund the job and enterprise creation that Greece needs which will pull them out of this prolonged period of recession, from which they seem to be just now lifting up. With the Juncker Plan, the world sees the manifestation of the avuncular hug Alexis Tsipras received from the European Union President. They are delivering on the warm friendly welcome they extended to Greece and her leader.
Certainly this is an upbeat note for the markets....A deal may soon be done, only a matter of time and sorting out the details.