Sunday's News Links

[Bloomberg] Merkel Pressed to Give Up on Greece as Germans Urge Strong Euro

[FT] Greece hits crunch time over €750m repayment to IMF

[NYT] Making Sense of the Options for Greece

[Bloomberg] PBOC Cites Downward Pressure on Economy in Q&A After Rate Cuts

[Bloomberg] China Opens Stimulus Tap Wider With Third Interest-Rate Cut

[Reuters] China cuts interest rates for third time since November as economy sputters

[Reuters] No 'Plan B' for Greece in debt talks, top EU official says

[Guardian] California drought brings sound of silence to baked, barren farms

[Reuters] Houthis accept five-day truce in Yemen proposed by Saudi Arabia