There appears to be a chance that Greece and its creditors will come to a last minute agreement on a new bailout which avoids an imminent Greek departure from the currency union.
But there are many hurdles left to negotiate before the deal is finalised. And even if it is, without a substantial form of debt relief, it would probably only delay the inevitable. Sooner or later, Grexit is surely coming.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.