FT Alphaville " "Your differences are small compared to the size of your debt to your country" Posted by Joseph Cotterill on May 14 21:22. That's our (no doubt dodgy it was: fixed) paraphrasing of President Karolos Papoulias of Greece, during Sunday's talks with the leaders of the New Democrats, PASOK, and Syriza. Οι διαφορές των θέσεών σας είναι μικρές και ασήμαντες σε σύγκριση με το χρέος σας απέναντι στην πατρίδ The President's office has released the minutes. If you know Greek (or can get it translated) they're an interesting read. Click image for full doc: It starts with a pretty grim economic recap from Papoulias... I have been informed by both the Prime Minister and the Governor of the Bank of Greece and the Finance Minister about the country's cash position and the risk of collapse of the banking system if there are continued withdrawals of deposits from banks due to the insecurity the political situation poses for citizens. Something else that jumps out: there seemed to be no agreement on whether or not Greece should pay off a €436m foreign-law bond. That bond comes due on Tuesday. With a 30-day grace period. Related link: Greece set for coalition talks - FT This entry was posted by Joseph Cotterill on Monday, May 14th, 2012 at 21:22 and is filed under Capital markets. Tagged with eurozone, Greece, Greek banks, Sovereign debt.