The coming week is a crucial one for Greece. While it now has until the end of the month before it has to make a repayment to the IMF, the Eurogroup meeting on June 18th is an important interim deadline, before the expiry of the current programme.
Indications are that if Greece has not reached an agreement with its creditors by this point, it may be difficult to get required legislation through the German Bundestag in time before its July 3rd summer recess.
Lloyds Bank says, "Notwithstanding recent comments from the IMF that it has halted talks, there have been some positive signs that a compromise is close. However, the level of uncertainty remains high and time is running out."
