It appears the market is in sell-first, question-later mode as a series of confusing headlines just hit from Bloomberg, citing a Merkel interview from SDZ, in which the German leader appears to have said that Greece May and/or May not get the next Troika bailout package....

 

*GREECE MAY NOT GET NEXT EU8.1B AS PLANNED, MERKEL TELLS SZ *GREECE MAY GET NEXT EU8.1B IN TRANCHES, MERKEL TELLS SZ *MERKEL SEES NO ADDITIONAL DEBT CUT FOR GREECE: SUEDDEUTSCHE Z