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Senior EU officials discusses Greek default scenario for the first time â€“ Reuters
Senior EU officials have discussed how to respond in case of a Greek default for first time, Reuters reports.
Officials discussed three possible scenarios for what could happen to Greece at the end of June. The second scenario was extending the current bailout with funding to be made in tranches, subject to conditions.
The least likely scenario is a succesful a deal in time to meet end-June payments.
However, according to the story this was only theoretical discussion and no conclusion has been made, but the prospect of a default is seen as possible by officials.
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