Greece set to go bankrupt in June – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX team, comments on the developments surrounding Greece, and further note that Greek PM Tsipras will try to muster political support in today’s Riga meeting.

Key Quotes

“Greece will go bankrupt on June 5th, a Greek official has warned, when a €300m payment to the International Monetary Fund is due, if there is no deal reached on an extra bailout package.”

“Prime Minister Alexis Tsipras will be in Riga again today, for an EU summit designed to boost ties with eastern Europe. He is expected to use this as an opportunity to muster political support amongst his European colleagues for a more flexible agreement. If and when the technical teams are able agree the necessary reforms suitable for both parties, there will be a meeting of Eurozone deputy finance ministers followed by a Euro-group meeting, but this would be looking into the future if all goes well!”

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