Eurozone Officials Start Discussing Greek Default Scenarios

June 13, 2015 by mosesman

[youtube=https://www.youtube.com/watch?v=y3qGnTqWyX4]

Published on Jun 12, 2015
Senior eurozone officials have started discussing the scenarios of a possible default by Greece a day after debt talks stopped. Sources say officials have decided to start considering the consequences in case Greece and its creditors fail to reach an agreement. After a meeting of the currency bloc’s state secretaries for finance, it was said that the emergency scenarios could include capital controls. Discussions surrounding a possible default come a day after talks between Greece and its creditors were stalled. On Thursday, the International Monetary Fund quit the negotiating table in Brussels over major differences on key issues. Greece and its creditors remain divided over the reforms that are required for the release of bailout loans worth 7-point-2 billion euros. Failure to reach a deal would force Athens to default on its debt on June 30.

end