Greece: Default within the eurozone is nearing as Troika tables take-it-or-leave-it deal

Greece has reached the end of the line. Its debt repayment schedule is so large in early June that it will definitely run out of money without a deal. And judging from the latest negotiations, a deal that is mutually agreeable is not on the table as yet. Default is likely. The question now is whether Tsipras tries to sell this deal to his MPs and what the ECB does if he fails to do so and Greece defaults.

Greece has reached the end of the line. Its debt repayment schedule is so large in early June that it will definitely run out of money without a deal. And judging from the latest negotiations, a deal that is mutually agreeable is not on the table as yet. Default is likely. The question now is whether Tsipras tries to sell this deal to his MPs and what the ECB does if he fails to do so and Greece defaults.
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