Eurozone may be only days away from fracturing

Eurozone may be only days away from fracturing

If Greece cannot reach a deal with the EU and the IMF in the coming days, the country will default on its debts, failing to make repayments to its emergency lenders.

If that happens, it will almost certainly lead to Greece crashing out of the euro, as its banks collapse without European support.

For months, Europe has been talking about Greece approaching a crunch point.

But that crunch point is now here. Greece’s bailout ends on June 30. Unless agreement is reached on an extension, the last tranche of funding – some €7.2 billion – will not be released by the troika.

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post