Juncker's spokesman Guy Schuller admits to lying about the secret meeting; Juncker himself is quoted as saying :"when it becomes serious, you have to lie", thereby undermining the credibility of the EU's policy response; Lucas Zeise says lies are a hallmark of an economic policy end game, with the eurozone now very likely to break up; Jean Claude Trichet has proposed another €50bn loan for Greece; Greek tax revenues fall way short of the plan; there are reports that Angela Merkel will travel to Brussels for emergency consultations; euro falls further, and bond spreads rise; an FDP politician has tabled a motion to end all eurozone rescue packages; there are huge recriminations in Brussels against the Germans for leaking the meeting, and for undermining the Greek stabilisation efforts; S&P downgrades Greece, and says that even a voluntary debt restructuring constitutes default; Finnish parties start difficult negotiations about Portugal's bailout package today; Portuguese banks borrowed €48bn from ECB in May; new FDP chief Philipp Rösler becomes economics minister, asserting his power in the party; German exports and imports reach new records, with net exports rising; the euro, meanwhile, is far more popular in France than it is in Germany.