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Greece Will Default in June or July. Here Is the Breakdown in Cold Hard Numbers

Even if Athens receives the €7 billion bailout from the ECB this May Greece is only ‘saved’ until July 20, when another €6.5 billion payment is due, after which the whole shebang can start again


This article originally appeared at Red Pill Times


This forum post that I ran across pretty much sums up the inevitable default that Greece will undertake in June or July.

<figcaption>So Greece needs €6.5 billion by 20 July 2015.</figcaption>
So Greece needs €6.5 billion by 20 July 2015.

Excellent analysis by “Greece Financial Default Watch” user, Letsbereal.

GREECE – WE CAN DO THE MATH NOW, GREEK DEFAULT BY EARLY JUNE/LATE JULY!

11 May 2015 Last change to release €7,000 million/€7 billion from ECB
12 May 2015 €0,774 million IMF

05 June 2015 €0,310 million IMF
12 June 2015 €0,348 million IMF
16 June 2015 €0,581 million IMF
19 June 2015 €0,348 million IMF
30 June 2015 A four-month extension on bailout agreement expires.

13 July 2015 €0,465 million IMF
19 July 2015 €0,199 million ECB Maturity Gov’t Bonds
19 July 2015 €0,104 million ECB Maturity Gov’t Bonds
20 July 2015 €3,500 million ECB Maturity Gov’t Bonds

IMF
12 May 2015 €0,774 million IMF
05 June 2015 €0,310 million IMF
12 June 2015 €0,348 million IMF
16 June 2015 €0,581 million IMF
19 June 2015 €0,348 million IMF
13 July  2015 €0,465 million IMF
___________________________________________+
13 July 2015 €2,709 million ~  €2.7 billion IMF TOTAL

ECB
19 July 2015 €0,199 million ECB Maturity Gov’t Bonds
19 July 2015 €0,104 million ECB Maturity Gov’t Bonds
20 July 2015 €3,500 million ECB Maturity Gov’t Bonds
___________________________________________+
20 July 2015 €3,803 million ECB Maturity ~ €3.8 billion ECB TOTAL

___________________________________________+
___________________________________________+

20 July 2015 €6,512 million ~ €6.5 billion TOTAL

So Greece needs €6.5 billion by 20 July 2015.

Prime Minister Alexis Tsipras ordered municipalities to transfer funds, estimated at about €1.5 billion, to the central bank.

12 May 2015 €0,774 million IMF
05 June 2015 €0,310 million IMF
12 June 2015 €0,348 million IMF
___________________________________________+
12 June 2015 €1,432 million  ~ €1.4 billion IMF TOTAL

16 June 2015 €0,581 million IMF
___________________________________________+
16 June 2015 €2,013 million  ~ 2.0 billion IMF TOTAL

Bottoms Up Line: With €1.5 billion they only can make it to12 June 2015 and by 16 June 2015 they need a total of €2,013 million to the IMF.

So, we savely can make the conclusion from these numbers that by June it’s ‘Game Over’ for Greece and certainly by July cause numbers don’t Lie. And that rhymes

Because even if they recieve the €7 billion bailout from the ECB at 11 May 2015 Greece is only ‘saved’ till 20 July 2015 when €6.5 billion payment is due after which the whole shebang can start again.

Greece owes a total of €324,000 million /€324 billion to the IMF, ECB, and Euro-Zone governments.

SOURCES:

THE AFTERMATH

If the ECB release the €7 billion, €2.7 billion will go directly to the IMF and the €3.8 billion is a ‘free’ cigar from ECB’s own cigar-box.

Obviously it’s the €2.7 billion to the IMF which is bothering the ECB the most since they also know that Greece can default any day now.

In their frantic delusional disparity they ask Greece to do inhuman things which is totally ridiculous.

Dreadful Draghi helped this evil scheme by cutting off Greece’s liquidity. Blackmailing them.

Why else would they negotiating in bad faith and try to murder Varoufakis’ character by calling him names and trying to bypass him?

“As a payments squeeze slowly crushes Greece, it is becoming increasingly apparent that its foreign lenders, led by an unbending European Union, are negotiating in bad faith.

In fact, they are not negotiating at all, but simply insisting that an agenda of destructive policies rejected by Greek voters nonetheless be adhered to.”

References:

http://forum.prisonplanet.com/index.php?topic=210616.msg1513335#msg1513335


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