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BLOOMBERG MARKET DAY. WE HAVE SOME BREAKING NEWS. LET'S HEAD TO OLIVIA STERNS AT THE BREAKING NEWS DESK. OLIVIA: WE HAVE MORE HEADLINES COMING OUT OF IT MEETING IN LUXEMBOURG TODAY. WE BROUGHT YOU HEADLINES FROM THE HEAD OF THE IMF AND THE DUTCH FINANCE MINISTER THROWING WATER ON HOPES FOR A GREEK DEAL BUT IN THE PAST TWO MINUTES, WE'VE HEARD FROM THE GREEK FINANCE MINISTER AND HE'S SAYING SOMETHING DIFFERENT. THE HEADLINES I HAVE YOUR SAY THAT HE TOLD THE PRESS THE TWO SIDES ARE CLOSE ENOUGH TO MAKING A DEAL POSSIBLE. HE SAID THAT GREECE MADE A NEW CREDIBLE OFFER TO THE EURO AREA . THAT IS INTERESTING BECAUSE WHEN WE HEARD FROM CHRISTINE LAGARDE, SHE CITED THE POSSIBILITY OF A GREEK DEFAULT AND SAYING SHE WANTS DIALOGUE WITH ADULTS IN THE ROOM. SHE SAID THE GREEK PROPOSAL CANNOT BE ABOUT SMOKE AND MIRRORS, SO NOTHING HAPPENED IN BETWEEN HER COMMENTS AND HIS BUT YOU HAVE TO TOTALLY COMPETING NARRATIVES ON WHAT THE GREEK GOVERNMENT THAT FORWARD. THE IMF AND CREDITOR COUNTRIES TOWARD IT -- JUST TO REITERATE, HE SAID THE TWO SIDES ARE CLOSE ENOUGH TO MAKE A DEAL POSSIBLE AND GREECE HAS MADE A NEW CREDIBLE OFFER. HE SAYS IT'S NOT FAIR TO BLAME