time for Greece is extinguished and the negotiations remain deadlocked. At this point the lack of an agreement with the troika to allow the Greek government to achieve liquidity raises the chances of a default this month in the remaining three dates cr or affiliation to the Greek future. For now, the most likely scenario is another patch and everything to kick on as it has done since 2009. But no one discards the risk of an incident and its consequences, already known (five financial crises since 2010).
The first key date is today, when the Eurogroup, composed of the Ministers of Economy and Finance of the euro zone meet. is expected to present a plan of measures Greece. While no one expects the Government of Alexis Tsipras respond immediately in case of accepting it, would have to wait for approval by the Greek parliament.
The second critical date is June 30, when payments are due that Greece must make the IMF. Total must pay 1,600 million euros. From the IMF point out that there are doubts about whether the Government of Tsipras would benefit from the grace period of 30 days if they do not comply with this payment; but given the complicated scenario would be difficult for the IMF board and its chief, Christine Lagarde, look up the other way.
The third key in the calendar of the Greek debt crisis is 20 July when the deadline for the European Central Bank to pay 3,500 million euros, corresponding to a maturing bonds.
In the event that Greece defaults, analysts BofA-Merrill Lynch believe it would be like forcing a transfer of European taxpayers to Athens, because the ECB will pay less income to governments to cover the loss. If this happens, it would be very difficult to repair the relationship between Athens and Europeans, under current policy settings Greece, they warn.
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