Here’s the ‘ugly scenario’ that’s about to happen if Greece doesn’t get a bailout deal
Greece’s bailout talks aren’t going very well.
Prime Minister Alexis Tsipras addressed Greece’s parliament late on Monday, but he gave little new indication on a deal. Greece tentatively agreed back in February to extend its existing bailout, but a lack of technical detail means its creditors still haven’t paid up even as the country is fast running out of money.
So what happens if Greece doesn’t get the cash?
Here’s what Bank of America Merrill Lynch’s researchers call „the ugly scenario“:
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