After a week of intense but inconclusive talks at the technical, euro area finance minister and heads of state levels, the Eurogroup is scheduled to meet once more from 1pm London time on Saturday 27 June, ahead of the end of the programme extension on Tuesday 30 June.
"We continue to hold the view that a deal will eventually be reached, possibly not before Tuesday night, despite reported differences remaining in the programme discussions ahead of the weekend." says Barclays
While the political/programme negotiations continue, a very close watch on the banking sector is necessary. The capital and liquidity positions of the main four banks have weakened in recent weeks and months, but at different speeds.
"Liquidity clearly remains the central issue in Greece in the short term, and we remain concerned that continued deposit outflows could trigger the imposition of capital controls as this idea has also reportedly gained traction among some finance ministers and central bankers." notes Barclays
