like to be interrupted by people who constantly interrupt me. >> we have been listening to jean-claude junckerg the european parliament in strasburg france a little bit of heckling on the side. this is a tense moment for the european parliament and the european commission. and we heard from mr. juncker we are told we must respect the voters of greece and we will do that referring to the no vote out of the referendum but he would like to understand what exactly they were trying to say. he said he has been reading all sorts of things in the german press that imply that he has disappeared, he is absent. he said that is not the case at all and he said that he has what -- we're going to continue to follow this but we're going to take a very short break. we'll be back in just a moment. >>> a revealing admission in court. bill cosby said he had sedatives to drug women. >>> another deadline looms for negotiations on iran's nuclear program. we have the latest on that. >>> welcome to our viewers in the united states and around the world. i'm rosemary church. >> i'm max foster. this is "cnn newsroom." >>

thank you very much. >> now jean-claude juncker. president of the european commission. >> translator: so we have found an agreement. the agreement was laborious. it took its time. but it has been concluded. from the beginning of the so-called greek case the commission has repeated again and again that we would not accept any form of grexit. there is no grexit and on form and substance, we are satisfied with the result that we have found. the commission has always taken the utmost care to stress one dimension of the problem namely that alongside the need for fiscal consolidation and the efforts to be made by greece we should never forget the fact that in greece there is a need for growth and the creation of jobs. so i'm very happy that the greek proposal of 35 billion of support to the real greek economy has been accepted by the european council. thank you. >> jeroen dijsselbloem president of the euro group. >> thank you. we spent before spending 17 hours i think it was in the summit we spent 14 hours in the euro group going through

. >> we're hearing right now from the european commission president, jean-claude juncker. he is one of the key players in deciding what creditors might offer greece next. nina dos san dose joins us live from the details. is there going to be a deal there today from what he is saying? >> it doesn't sound as if we are going to have a concrete deal today, max. but i want to draw your attention to the key line he said there. he did get quite a bit of heckling for saying this we have been told we must respect the greek voters. a question has been put to the greek people that doesn't exist. what question is that the question that the greek people were asked in the 72-word question put forward on sunday which referred to the terms of a bailout deal that expired at the end of last month. so effectively, the european's position has always been we don't really understand what you are voting on here. the way we view the greek vote is you don't want to be a part of the eurozone any more. this is a proxy for membership of the single currency. obviously the greek government view it as v

jean-claude juncker talking about the greece people not being humiliated. tsipras is the man being humiliated? ryan: it is interesting. people will see it as capitulation of by the greek prime minister who has bench happening against -- champ and -- championing against austerity and now he will push it through this country's parliament. the win him -- for him is the fund we hear about, the privatization fund or trust fund. 50 billion euros that will go as collateral should greece not repay any of its debt and will be used to recapitalize the banks. this was the sticking point and an obstacle and really a nonstarter a couple of hours ago for the greek government. it was going to be based in luxembourg and now based here in greece. that gives sippers the opportunity -- tsipras opportunity to say i won something as some of it is on our own terms. there will be political fallout within his own party. he has made clear that the important thing is to get a deal first and deal with the fallout after. jonathan: i want to bring in our guests who have been standing b

markus: that was jean-claude juncker.esses and eurozone are doing fairly well with the economic uncertainty brought by greece. a closely-watched gauge of the activity has risen to its highest level in four years. purchasing managers across the eurozone is done by market. the turmoil in greece has seemed to have little impact on the actual economy. let's take a closer look at the figures. 54.2 is the highest level that has been observed since 2011. the reading for france is the highest for 46 months. let's take a look at the stock markets next on this final trading day of the week. european indices ended in negative territory. investigators were eyeing the vote in greece. that may have turned down risk exposure. banking shares took a hit as brazil said it would investigate allegations of foreign exchange trading. u.s. markets are shut this friday as americans are comparing for the independence day holiday on saturday. ride hailing company uber has pulled a plug in france after drivers have been attacked. the violent protes

jean-claude juncker was quoted as saying europe has a "grexit scenario" prepared in detail. can you enlighten us as to what that grexit scenario is, what it involves? i will not,ainly, because we are all mobilized, all focused on avoiding the scenario, the scenario of the worst, but what is clear is the commission, and i am the theissioner in charge of negotiation for greece with president jean-claude juncker at its side, it is clear that the commission must be ready for any kind of eventuality. we the negotiation are ready. we know what we would have to do, but again, what i hope, and what i believe, because i think it is absolutely necessary for the european economy, the world economy, the eurozone, is that we will find a deal and again, all our energies are mobilized on meeting this deal. erik: that was the european commissioner for economic affairs, pierre moscovici, speaking to us from paris, the former french finance minister, and expresses hope from the french, perhaps more so than among the germans, that a deal could be reached with this deadline by this coming sunda

certainly a strong resemblance with what jean-claude juncker has proposed last week. but apart from that, they have another point, this is a new clear reference to a debt settlement for greece which is a new element to debate. brent: i want to go back to the fact dealing with something very similar to what was rejected last weekend, in terms of pension cuts for example. do you think the greek people, are they aware of what is being voted on right now in parliament? jannis: i think what is most important for most greek people is that a deal, a compromise with international lenders is necessary. it is absolutely necessary to for the country to stay in the euro. according to all polls, that is what the greek people want. that is what they passed today in the parliament. that is probably the majority he required, but there may be a surprise. at least five left-wing members of parliament have agree with him on that. another former finance minister said he would be absent due to family the reasons. then we have those who have been collision partners who have expressed their

jean-claude juncker made it clear his patience with greek negotiators is wearing thin. >> rejecting all these accusations which were thrown to the public during the referendum campaign that are not respecting the dignity of the greek people. that we are terrorists. i don't like. this who are they and who do they think i am. i'm strongly in favor of keeping greece in the euro area. but now the greek government was not capable to do this tonight has to tell us where they are having at the last moment will be further more. >> jean-claude juncker there. and cnn's isa soares is in athens this morning and joins us now live with the latest. of course this was supposed to be a do-or-die moment for greece to show european leaders it is serious about coming up with a reform plan but failed to put a plan on the table. why would they miss such an opportunity as the economy is crumbling? >> reporter: i think many people are scratching their heads this morning given what happened yesterday knowing pretty well that time is running out. and especially because the banks here you know they are running ou

it is significant that john jean-claude juncker is talking about a plan being place. no one knows how it works. you are always told in an airplane crash to clear head down and put your hands forward. the most likely scenario is that greece as a modern functioning state could no longer operate. then they would have to have some kind of parallel currency to go along. if they are frozen out of markets, out of the ecb, they will have to have some kind of entirely new makeshift organic structure that allows the civil servants to get paid, that allows hospitals to import medicine. leaders are publicly using those terms and talking about consequences and what they will have to do. vonnie: any word from mario draghi? everyone wants to hear from the current ecb president. hans: mario draghi has been quiet going into the meetings and going out. we have very little sense of where he is on this. he is looking to the politicians for some sort of cover direction, some sort of tip-off on what he should do. so far we are in limbo. i wish i could say we have clarity. we do not. we hav

angela merkel, jean-claude juncker, mario draghi -- this cryptic caption "atheism." anchor: some people having a lot of fun with that. what do the greek papers say? oliver: it's a mixed bag. one is rejoicing. "61% no to consider any -- no to austerity." and tissipras claiming to be vindicated by the vote. the center-right says the greek people put their faith in the unknown. he does acknowledge it was a resounding vote of confidence for prime minister alexis tsipras. given the government hasn't really done anything to improve the economy yet, it's a vote of confidence in the unknown. the paper asks whether the vote strengthens sippers -- tsipras' hands in negotiations. it doesn't really think so. anchor: a lot of unknowns on this monday morning. what are the german papers saying? oliver: they are not taking it very well. they are almost uniformly. where behind the german government and the truck up -- almost uniformly full-square behind the german government and the troika. the results of the referendum are not in the long-term interest of greece. country must -- the

jean-claude juncker said this was your average typical european agreement. he said a compromise had been released and it was neither winners nor losers, but definitely it will be a tough week for alexis tsipras. genie: thank you very much for that. now to another major international deal that could also be locked in today over iran. negotiations over that country positive their program are in their 17th day in vienna. our correspondent has more. >> it has been a diplomatic marathon. painstaking talks with an iran nuclear deal. secretary of state john kerry has been -- he was hopeful that -- but tough issues remain. secretary kerry: we believe we are making real progress toward a conference of deal. despite all the progress we have made -- and it is real -- some of the tough issues remain unresolved. >> if a deal is reached, kerry will have to convince congress to sign up for the agreement. speaking on fox news, the republican senate majority leader expressed his doubts. senate majority leader of o'connell: i think it will be a tough deal. >> if majority -- i

we heard this morning, about an hour ago, from jean-claude juncker, the european commissioner. he said it is time now for those with common sense to negotiate. we don't expect a deal today. it is time to come face-to-face with each other and show tolerance for each other. you remember john and christine, the last time they met, greece walked out of the talks and the announcement of the referendum. it is up to greece to show they are serious about this and perhaps europe to meet greece somehow halfway. will germany and everyone be prepared to give greece some debt reliveef? the banks don't have any money left. >> the grown ups are about to sit down at the table. we will see what happens after this meeting. isa, thank you. >> banks closed until thursday. imagine in a modern economy not being able to go to the bangk. european shares are moving higher. london is down a bit. u.s. futures up a half percentage point. markets in athens are closed. the country tumbling toward bupt bankruptcy. it would not have the euro as the official currency. it would have to issue paper ious. there i

jean-claude juncker speaking in brussels right now. you can hear his frustration. he was always an advocate for tsipras. always trying to frontload this process. he said it was an error to hold that referendum. the old offer is no longer value -- is no longer viable. that is a problem because mr. juncker is someone you want to have on your side. he is expressing frustration. it is across europe. you saw in germany. most recently, a public opinion poll in france shows 50% of respondents want to see greece leave the euro. 49% of them to see them stay in. approaching the numbers we have seen in germany. they have been in the mid 50's. nothing north of 60. this idea that greece will be better off outside of the eurozone. more poorly, europe will be better off without greece -- more importantly, europe will be better off without greece. jonathan: -- talk to me about the substance and that's about the substance of the negotiation. do you think the substance has changed? is a different? on skull i believe -- hans: i believe the timing is important. the banking system -- i

that's the word from european head jean-claude juncker. do you believe him. >> or is there still chance of greece exiting the rules because of this agreement? >> well this agreement there will be signs to implement while there remains tails of grexit. while they will approve it it is by no means certain that this will hold over the next few months and years. and also on the creditor side if there is any significant weak slippage, reaction of creditors, especially northern and eastern europe, could be fairly significant to that. so the fate of greece has not really been severed for good. having said that the risk of grexit has reseeded. >> absolutely. holger stick with us. chief economist at barrenburg bank. we want to hear from you, is this a lasting solution get in touch with us at "worldwide exchange" @cnbc.com. for more breaking news and analysis on greece, head to cnbc.com where we have instant online access as well as coverage. our live team is blogging the events as they happen. >> now, straight to the markets, wilf how are they look

jean-claude juncker made it clear, his patience with greek negotiators is wearing thin.ake a listen. >> the commission is prepared for everything. we have a grexit scenario prepared in detail. we have a scenario as far as humanitarian aid is concerned and we have -- and that's the scenario and we prefer a scenario how to deal with the problem now of keeping greece a part of the euro area. i'm against a grexit but i cannot help it if the government is not doing what we expect the government to do. >> nina dos santos is looking at more. the leaders don't want a grexit. >> but their patience is wearing incredibly thin here. i want to show you the markets behind me. why are they look positive? we are hearing that the europeans have a strategy for avoiding the kind of contagion that could filter through to the 18 countries that share the currency as well. angela merkel saying that greece is one of 19 countries in the single currency union. we have to safeguard the other 18 members of this currency union that are playing ball while greece isn't. and for a sense of the urgency

we asked if jean-claude juncker will throw his support behind this proposal. >> i think that greece is really -- has a sick we accepted most of the creditors demand to be big difference with what was on the table before the referendum, is this is for a deal offering more money, and secondly the discussion of debt relief has gone mainstream. government, french the european council president, all of them are saying that debt relief as necessary. a lot of people are trying to figure out exactly why what has transpired over the past two weeks played out the way it did. why did the greeks take the eu proposal to a referendum to get a no vote only to go back with the same proposal? did they want to buy time to get the side of debt restructuring as critical? >> you will have to ask the greek government why they decided to call the referendum. my sources in greece say at the time there was not a majority within the prime minister's previous bailout proposal, and therefore politics forced him to do so. at the same time i think the greeks expected that it would strengthen the negotiating positio

that is why today we are heard from jean-claude juncker. he said throwing greece out of the monetary union is not something we want. aside for those with common sense reason to negotiate. today is a time for talking, christine, and putting the proposals on the table. if they are credible in two or three days, perhaps the banks will open. >> reuters is calling this the end of the line for greece in the euro. it doesn't have the cash. if people keep taking out of 60 euro a day, there will not been any money left. then ious happen. then that could be incredibly destabilizing. any suggestion there is not money in the banks? people may not get that out? >> reporter: we know they were running out of 20 euro notes. i tried to take money yesterday no problem. i was in front of an atm and people were able to get 60 euro out. you know we know that the money is running thin. 1.5 billion left in greek banks. the greek government is not telling us how much money is left. we know that is thin at the moment. the suggestion is by tuesday they won't have en

jean-claude juncker said it. so they had their own credibility on the line. and one other very important point to mention, time's running out for greece. the banks are running out of money. the economy has just about come to a stand still. so they need a deal as well. preferably coming out of today's meeting. >> richard quest reporting there. in the meantime the greek people are waiting to hear what the next step will be of course. the banks have been closed for two weeks and cash withdrawals are restricted. elinda labropoulou joins us from athens with the latest. this has been a tough waiting game for the people of greece and a very long way from the referendum that saw 60% of the voters saying no to austerity measures. so what's been the reaction so far in greece to the realization that they will need to confront some pretty tough reforms? >> reporter: so far, greece is a little bit numb about what's been happening in brussels. we have been hearing the talks have been going on for so long and they are difficult talks and all this is happening while the bank

speaking ahead of today's summit european commission president , jean-claude juncker said the ball is in greece's court. >> the ball lies in the court of the greek government and the greek government must explain in brussels today how it sees us extricating ourselves from the situation. the president of the european commission and the european commission are ready to do whatever necessary within a reasonable timeframe to reach an agreement. amy: we'll spend the rest of the hour on the crisis in greece after headlines. in yemen, clashes and airstrikes by the saudi-led coalition have killed nearly 200 people including many civilians, in what appears to be the deadliest day since the u.s.-backed offensive began. in total nearly 3000 people have , been killed since late march when the saudi-led coalition began airstrikes against shiite houthi rebels. among those killed on monday were 30 people at a market in the northern province of amran and 60 people at a livestock market in the southern town of al-foyoush. last week the united nations declared the highest-level humanitarian emergency i

on that basis there appears to be absolutely no room between him and jerome dysonbloom and jean-claude juncker and mario and madam leguard. he's going his way, they're going the other. it will appear we will not know how this is resolved until some point late in the evening sunday and between now and then, there is going to be furious campaigning. >> rose: if the vote is yes will tsipras resign? >> he promised monday night in an interview on state television that if the vote goes "yes" he will resign. the open question is if the margin between victory and loss is very narrow, will he actually live up to the promise? i don't know. the reason i raise the question is because this government, not just the prime minister but the finance minister and other members of the cabinet made promises they haven't lived up to many steps along the way since january since this drama began with the election of seriza. so it remains to be seen. that's what he said h he will do. what else can i say? >> rose: you said it well. let me go to peter. where are we? >> eric mentioned mario dragi in passing. i think he o

we heard from jean-claude juncker earlier. it is remarkable some of his language.e said it is unacceptable to be called a terrorist by another government. it was varoufakis who used that term. varoufakis is no longer a part of the government. looks like juncker is holding mr. tsipras responsible for some of that link which. one note on juncker, he said it is not going to be done today. you can have some progress toward a deal, but do not expect a deal. that is from him, who in general has been the most positive. you're not going to have the greek ranks open again until you have some sort of fern -- firm deal. the only negative news we could have is a quick resolution. that is just an exit. if you end up having a short meeting tonight, then that is a pretty bad indication. manus: hans go today is a critical day -- hans today is a critical day. crossing into the ecb, they have continued their liquidity to the banks. this time there increasing the collateral by a little bit more. paul: the ecb is make sure the game continues a little while. the big question how long i

jean-claude juncker says he plans to address the eu on monday, and we have the eurogroup chairman sayingromfor the official authorities in greece. he said the deep-seated problems in greece cannot be fixed overnight. of course, we are awaiting those comments from angela merkel. wait, we didas we hear from the bank of japan today and governor kuroda, what did he say? amazingly, he said that the conclusion to that, according to rhoda and -- to kuroda and they needts is that to talk about the potential fallout of the greek exit. becomingibility is increasingly likely. so for the next two days, as we have said so many times in the next few months, will be critical. eckert,ll right, zeb thanks for that. well, as you can imagine, the referendum has prompted a lot of attention on social media. some officials of gone straight to twitter to prompt some of their views. what are we hearing? quite: they have been outspoken so far. especially alexis tsipras. he tweeted, "we shall go forward with the faith of our people and our efforts and democracy and justice on her side." shortly after that, the gr

guy: do you think it would be helpful if jean-claude juncker and martin schultz came and said we want to be part of our club? or do you think people would see it the other way around? do you think they should come here to my rather than greeks going there? guest: can i tell you a truth. every time that wolfgang schaeuble's speaks, he supports the. we don't need wolfgang or ju ncker. we have to decide for ourselves. the yes people and the know people have to put their arguments on the table. these three days will be the most crucial of the country since the second world war. guy: finally, you talk about the economy, right in the middle of tourist season, you could not have picked a worst moment. guest: i would like to give a message. greek people and greece need the support of other people across the world just for the present come to greece, it is an extremely beautiful country. greek hospitality is here and we really wait for everybody the summer. guy: i hope they will come. thank you. anna diamantopoulou, joining us the former eu commissioner here in greece. anna: it looks nice in t

jean-claude juncker made that point this morning when he said the greeks were mislead. they voted on a policy proposal that no longer existed because the second bailout program already expired on the 30th of june. he also used his opportunity in parliament to say the greeks should stop shooting from the hip. they should stop the outbursts and stop calling the commission terrorists. so in this kind of atmosphere it is hard to see us seeing anything like a deal per se today or over the next few days. it remains to be seen what the greeks will turn up with. we know there's some desire here to see significant structural reform proposals but the greeks may want to put debt relief on the table and i don't think there's an appetite for that at all at this stage. back to you. >> i'm interested to hear if you think we'll get a deal today. the two sides were never close together in their reasoning in the first place and as far as i can see, he's the only man out there really supportive of reaching a deal. so surely we're just back to square one. it antagonized things. it was a no

president jean-claude juncker.been speaking with tsipras two in the great prime minister are proposing to president obama. an interesting develop and they're hoping to win support of the president and maybe give more weight when he tries to sell it to the european creditors. as it stands there is no real deal to discuss at this point. greece has asked for 29 $30 billion stopgap of euros to get an brew the next couple of years. we don't have any firm proposal on the table. the german chance to really laying down the love which we expected her to do. >> they're a natural things in negotiations. to the point of getting something done and now the market is falling apart. it's a lot, buddy. great work. see you shortly. now i check on the shares of oil. oil pricing a key support number 5158 right now. the first time we've been at this level since april 10th. gas so far not react to them but right now a gallon of regular $2.76. just joins us from chicago. how soon before gas follows are my making an incorrect assumption?