The negotiations between Greece and its creditors have lasted for many months so far. Despite the fact that Athens has gained very attractive rules of financing from the eurozone and the International Monetary Fund, the new Greek populist government does not want to accept them.How can this situation end and why does it have a negative impact on the zloty? Marcin Lipka, Cinkciarz.pl Analyst, explains this matter.
Crucial days for Greece are looming. In June the country has to pay a few installments of the loan from the International Monetary Fund (IMF) to a total value of over 1.5 billion euro. The first needs to be settled before next Friday. What will happen if Athens does not come to an agreement with the creditors by that time and the national vault is empty?