Rather than walking out, Alexis Tsipras is negotiating on four key points in tonight’s proposals, reports The Economist’s Tom Nuttall.

Incidentally, our readers flag up that the organisation which could take control of €50bn of “valuable Greek assets” is linked to none other than Wolfgang Schäuble himself. User avatar for equusmulusoctopusreplacement of the dollar as the world's reserve currency equusmulusoctopus 12 July 2015 10:25pm The Press Project has done some digging on the Luxembourg "Institution for Growth" to which the 4-page eurogroup paper demands that €50bn of Greek state property must be transferred. Guess what. This Luxembourg "institution" is wholly owned subsidiary of German KfW and the chairman of its board is a certain Wolfgang Schäuble.IMF report from January 2011[25] called for a stronger role for special drawing rights (SDR) in order to stabilize the global financial system. According to the report, an expanded role for SDRs could help to stabilize the international monetary system. Furthermore, for most countries (except for those using the US dollar as their currency) there would be several advantages in switching the pricing of certain assets, such as oil and gold, from dollars to SDRs. For some commentators that amounts to a call for a "new world currency that would challenge the dominance of the dollar