Important dates ahead – Greece

Greece so far has remained at loggerheads with its international creditors over the path ahead. New leftist government has shrugged off any suggestion of continuing bailout and austerity. So far the meetings and the proposals have produced no solution.

 We take the opportunity to present what lies ahead for Greece -

• Friday, 20^th February - Euro group and Greece meets in Brussels to discuss potential solutions

• Tuesday, 24^th February - € 0.6 billion due by Greece towards bond repayment

• Saturday, 28^th February - Current bailout programme expires

• Friday, 6^th March - € 1.5 billion due by Greece towards bond repayment

• Friday, 13^th March - € 2 billion due by Greece towards bond repayment

• Monday, 16^th March - € 0.6 billion due by Greece towards bond repayment

• Friday. 20^th March - € 2 billion due by Greece towards bond repayment

Figures are converted to nearest decimal.

Euro is expected to remain tense over the situation in Greece and could be set in bearish tone if talks again fail abruptly in Brussels.

EUR/USD currently trading at 1.132 down 50 pips from today's high.