As the current talks between the Greek government and institutions are still at a stalemate and uncertainty is diffused across Europe over Greece’s ability to meet its end-June debt deadlines, senior European officials decided to extensively discuss a potential Greek bankruptcy for the first time, officials revealed to Reuters.
According to the European representatives who took part in the discussions in Bratislava, Slovakia, on Thursday, there are three possibilities for Greece until the end of this month.
Greece may decide to apply all the vital reforms the country needs to secure the appropriate cash in order to meet its late June deadlines, something that does not seem feasible at all. The second scenario involves the extension of the current bailout plan, while the third one sees the possibility of a Greek default.
The third scenario is of great importance because as a Eurozone official explained, “for the first time there was a discussion of a ‘Plan B’ for Greece.”
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