As you may have heard things did not go well. There was a compromise deal brokered by Juncker and agreed to by Draghi and Lagarde and Moscovici. But it was sunk by Djisselbloem, presumably on German pressure. In the eurogroup meeting and the subsequent press conference, there was little help from either Lagarde or Moscovici

They say => complete the existing programme with some flexibility in implementation on our part but they never tell us what this flexibility will entail. On the contrary, they say sign first and then we will discuss with you areas of flexibility

We say => give us a bridging programme and we have spelt out our commitments not only during the bridging period but also for the essential elements of the new compact with our partners long term

We have done our best to reach a reasonable compromise. What we have faced is naked power and blackmail.

Please pass on this mail to all who might help influence public opinion in the days to come