Here's the quick update on Greek weekend news
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OK, so now that the Riga meeting is out of the way, whats next on the schedule?
Via Barclays:
- Greece should eventually be able to secure the E7.2bn tranche
- There's an increasingly high risk of an accident in the short term (liquidity, political)
- The real deadline is end-June when the current programme expires and by when a new programme has to be agreed in order to secure greater financial obligations
- We assess Greece's financing needs to be at least E25-30bn for the next 12-18 months
Dates:
- Greece is to pay €200m to the IMF on May 1 and €780m to them again on May 12
- Next Eurogroup meeting is scheduled for 11 May