Wednesday, April 22, 2015

22 April 2015 - Greece won't present plans on April 24, Riga

http://www.reuters.com/article/2015/04/22/us-eurozone-greece-wieser-idUSKBN0ND0RH20150422?feedType=RSS&feedName=topNews&rpc=71

Scenario thereafter?

May 1: default of 200 m to IMF
S&P: junk status
May 12: default of 750 m to IMF
End of May:
- Greece will have to pay salaries partly in drachme
- private economy will want drachma to contiue trade?

June 30: reforms still not good enough, Greeces MISSES last tranche opportunity of 7,2 bn euro bailout

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