The drama of the Greek debt negotiation prompted by the lack of time and amid strong protests
A March 20 deadline, when Greece must find 14 billion euros ($18.6 billion) to meet debt repayments or face the prospect of a chaotic default, that will hold the market’s attention.
Euro zone officials have said February 15 marks a cutoff points for agreement on a new bailout deal, without which Greece will have no funds to cover the March repayments.
Meanwhile, Police fire teargas at Greeks demonstrating against austerity bill, which sets out cuts to secure rescue package.
“We have a very stretched timetable, so if there’s no agreement on Wednesday any Greek deal would be in dangerous territory,” Thomas Costerg, European Economist at Standard Chartered Bank said.
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