The Senior Strategist: Grexit edges closer

April 20, 2015

Eurozone officials meet for further crunch talks on Greece this week amid warnings that time is running out for the country to avoid defaulting on its debts. The finance ministers will convene on Friday in the Latvian capital, Riga. But investors are increasingly sceptical that a rescue deal can be reached between Greece and its creditors. Financial markets do not expect a breakthrough at that meeting of the so-called Eurogroup – the eurozone’s finance ministers – and focus is already shifting to early May when Greece is scheduled to repay almost €1bn to the International Monetary Fund (IMF).