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Sunday, June 28, 2015

Scenarios for Greece in the coming days

The breakdown of talks between Greece and its creditors on extending euro zone bailout funding beyond Tuesday means Athens may fail to make 1.6 billion euro debt repayment to the IMF that day. Political twists, in Athens and among EU leaders reluctant to see a potentially damaging rift in bloc, could yet change the outlook for a week which ministers have described as "uncharted territory". Greek Finance Minister Yanis Varoufakis told the BBC that he would consider capital controls, working with the European Central Bank and Greek authorities overnight.


READ THE ORIGINAL POST AT uk.news.yahoo.com