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Allnight meeting. Tsipras agree to spending cuts and tax hikes. Greeks will have to transfer 55 billion of assets to a Holding Company that will try to recoup money in order to pay back the europeans. Among other things recapitalizing greeces banks. Angela merkel says it is time for greece to take responsibility. Chancellor merkel trust has been lost. We all know that paper is patie nt as we say. What will be important is to implement what we have agreed on doing tonight. Erik the attention shifts back to athens. Tsipras party may need over the weekend when he asked them to endorse and austerity program. They will have to approve the program in principle. Toning down the optimism on a deal on Irans Nuclear program. Earlier there was talk a deal might be announced today. Negotiators trying to make sure iran is not able to build a nuclear weapon. Matt a takeover and consumer go ....